NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Liquidity Constraints in the U.S. Housing Market

Denis Gorea, Virgiliu Midrigan

NBER Working Paper No. 23345
Issued in April 2017, Revised in June 2018

---- Acknowledgments ----

We thank Sonia Gilbukh for excellent research assistance, Jarda Borovicka, VV Chari, Morris Davis, Greg Kaplan, Ellen McGrattan, Karel Mertens, Giuseppe Moscarini, Kristoffer Nimark, Yaz Terajima, Gianluca Violante and Albert Zevelev for helpful suggestions, as well as Neil Bhutta for kindly sharing his data with us. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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