Wednesday, July 22
FORMAT: Each presenter will have 20 minutes to show the research, immediately followed by 10 minutes of Q&A. The moderator will invite presenters' co-authors to address audience questions in the Zoom chat while the presenter is presenting. The moderator may also voice one or two questions from the Zoom chat directly to the presenter during the presentation. During Q&A the moderator will select participants from the Zoom chat to voice their questions
11:00 am

Global Capital and Local Assets: House Prices, Quantities, and Elasticities (slides)

Caitlin S. Gorback, University of Texas at Austin
Benjamin J. Keys, University of Pennsylvania and NBER

iBuyers: Liquidity in Real Estate Markets?

Greg Buchak, Stanford University
Gregor Matvos, Northwestern University and NBER
Tomasz Piskorski, Columbia University and NBER
Amit Seru, Stanford University and NBER
12:00 pm
Break
12:15 pm

Reference Dependence in the Housing Market (slides)

Steffen Andersen, Copenhagen Business School
Cristian Badarinza, National University of Singapore
Lu Liu, University of Pennsylvania
Julie Marx, Copenhagen Business School
Tarun Ramadorai, Imperial College London

Learning about Housing Cost: Survey Evidence from the German House Price Boom

Fabian Kindermann, University of Regensburg
Julia Le Blanc, European Commission, Joint Research Centre
Monika Piazzesi, Stanford University and NBER
Martin Schneider, Stanford University and NBER
1:15 pm
Break
1:45 pm
Roundtable: COVID-19 pandemic, economic downturn, and real estate markets
Michael Fratantoni, Chief Economist of Mortgage Bankers Association
Jacques Gordon, Global Strategist for LaSalle Investment Management
Svenja Gudell, Chief Economist of Zillow Group
2:45 pm
Break
3:00 pm

Betting on the House: Subjective Expectations and Market Choices

Nicolas Luis Bottan, Cornell University
Ricardo Perez-Truglia, University of California, Los Angeles and NBER

Are Stated Expectations Actual Beliefs? New Evidence for the Beliefs Channel of Investment Demand (slides)

Haoyang Liu, Federal Reserve Bank of New York
Christopher Palmer, Massachusetts Institute of Technology and NBER
4:00 pm
Break
4:15 pm

Supply Shock Versus Demand Shock: The Local Effects of New Housing in Low-Income Areas

Brian J. Asquith, W.E. Upjohn Institute for Employment Research
Evan E. Mast, University of Notre Dame
Davin K. Reed, Federal Reserve Bank of Philadelphia

Why Do Borrowers Default on Mortgages? A New Method for Causal Attribution

Peter Ganong, University of Chicago and NBER
Pascal J. Noel, University of Chicago and NBER
5:15 pm
Adjourn
Thursday, July 23
Joint session with the Urban group
Session I
9:00 am

Take the Q Train: Value Capture of Public Infrastructure Projects (slides)

Arpit Gupta, New York University
Constantine Kontokosta, New York University
Stijn Van Nieuwerburgh, Columbia University and NBER

Cities Without Skylines: Worldwide Building-Height Gaps and their Implications (slides)

Jason Barr, Rutgers University
Jan Brueckner, University of California at Irvine
Remi Jedwab, The George Washington University
Session II
10:00 am

The Price of Protection: Landlord-Tenant Regulations and the Decline in Rental Affordability, 1960-2017

Jacob L. Vigdor, University of Washington and NBER
Alanna F. Williams, University of Washington

The Price of Residential Land for Counties, ZIP codes, and Census Tracts in the United States (slides)

Morris Davis, Rutgers University
William Larson, U.S, Department of the Treasury
Stephen D. Oliner, American Enterprise Institute
Jessica Shui, Federal Housing Finance Agency
Session III
11:00 am

Neighborhood Choice, Information, and the Value of Amenities (slides)

Fernando V. Ferreira, University of Pennsylvania and NBER
Maisy Wong, University of Pennsylvania and NBER

The Microgeography of Housing Supply

Nathaniel Baum-Snow, University of Toronto
Lu Han, University of Wisconsin at Madison
12:00 pm
Adjourn