Annual Conference

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Real Estate and Urban Economics

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May 2021

In this paper, we develop high frequency indexes to measure sales in service industries and production activity in the manufacturing industry by using GPS mobility data from mobile applications. First, focusing on the possibility that the number of customers in service industries can be estimated us...
Keywords: mobility data, clustering, nowcasting
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Annual Conference

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Real Estate and Urban Economics

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May 2021

This paper demonstrates that the protracted decrease in young homeownership since the Great Recession was driven by high-house price regions, despite credit standards changing mostly nationally. Using a panel of U.S. metro areas, I calibrate an equilibrium spatial macro-finance model with overlappin...
Keywords: Domestic violence, Intimate partner violence, Cannabis, Recreational marijuana legalization, Alcohol co-use
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Annual Conference

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Real Estate and Urban Economics

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May 2021

Borrowers may misestimate their probability of mortgage approval in the absence of precise signals of creditworthiness. Credit reports, which contain such signals, became easily accessible for all U.S. consumers since 2005, while it was already the case in seven states. A difference-in-differences s...
Keywords: Environmental amenities, urban heat island, urban green in- frastructure.
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Annual Conference

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Real Estate and Urban Economics

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May 2021

We examine whether beliefs about climate change affect loan officers’ mortgage lending decisions. We show that abnormally high local temperature leads to elevated attention to and belief in climate change in a region. Loan officers approve fewer mortgage applications and originate lower amount of ...
Keywords: Climate Change, Global warming, mortgage lending, Temperature Anomaly
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Annual Conference

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Real Estate and Urban Economics

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May 2021

Adverse housing market events can affect credit conditions not only by hurting the financial fundamentals of banks, but may also by changing the lending behaviors of individual loan officers. In this paper, we test the latter mechanism by analyzing loan-level mortgage applications from 2008 to 2016 ...
Keywords: mortgage lending, foreclosure, risk
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