SI 2025 Real Estate
Organized by Christopher Palmer, Tomasz Piskorski, Winnie van Dijk, and Maisy Wong
July 23-24, 2025
Hotel Marlowe, 25 Edwin H. Land Blvd., Cambridge, MA

Wednesday, July 23

8:00 am

Coffee and Pastries

8:30 am

Monetary Policy and Rents

Boaz Abramson, Columbia University
Pablo de Llanos Artero, Columbia University
Lu Han, University of Wisconsin - Madison

Discussant:
Daniel Greenwald, New York University and NBER

9:20 am

Unlocking Mortgage Lock-In: Evidence From a Spatial Housing Ladder Model

Julia Fonseca, University of Illinois Urbana-Champaign
Lu Liu, University of Pennsylvania
Pierre Mabille, INSEAD

Discussant:
Anthony A. DeFusco, University of Wisconsin - Madison and NBER

10:10 am

Break

10:20 am

Short Presentations

Segmentation and Returns on Rental Housing

Jessie Handbury, University of Pennsylvania and NBER
Samuel Hughes, Federal Reserve Board
Benjamin J. Keys, University of Pennsylvania and NBER

An Alpha in Affordable Housing?

Sven Damen, University of Antwerp
Matthijs Korevaar, Erasmus University Rotterdam
Stijn Van Nieuwerburgh, Columbia University and NBER

11:10 am

Property Taxes and Housing Allocation Under Financial Constraints (slides)

Joshua Coven, New York University
Sebastian Golder, University of Hamburg
Arpit Gupta, New York University
Abdoulaye Ndiaye, New York University

Discussant:
Juan Carlos Suárez Serrato, Stanford University and NBER

12:00 pm

Lunch

1:15 pm

Short Presentations on Homeownership and Housing Wealth

Does Homeownership Matter? The Long-Term Consequences of Losing a House during the Great Recession

Heidi Artigue, University of Pennsylvania
Patrick Bayer, Duke University and NBER
Fernando V. Ferreira, University of Pennsylvania and NBER
Stephen Ross, University of Connecticut and NBER

Intergenerational Mobility and Housing Wealth in the United States

Ariel J. Binder, U.S. Census Bureau
Max Risch, Carnegie Mellon University
John L. Voorheis, U.S. Census Bureau

2:05 pm

The Distributional Effects of GSE Pricing on Home Purchases

You Suk Kim, Federal Reserve Board of Governors
Feng Liu, Consumer Financial Protection Bureau
David Zhang, Rice University

Discussant:
Erica Xuewei Jiang, University of California, Los Angeles

2:55 pm

Break

3:10 pm

Property Insurance and Disaster Risk: New Evidence from Mortgage Escrow Data

Benjamin J. Keys, University of Pennsylvania and NBER
Philip Mulder, University of Wisconsin - Madison

Discussant:
Ishita Sen, Harvard University

4:00 pm

Short Presentations on Brokerage Markets

NAR Settlement, House Prices, and Consumer Welfare

Greg Buchak, Stanford University and NBER
Gregor Matvos, Northwestern University and NBER
Tomasz Piskorski, Columbia University and NBER
Amit Seru, Stanford University and NBER

The Equilibrium Impacts of Broker Incentives in the Real Estate Market

Gi Heung Kim, Boston College

4:50 pm

Adjourn

Thursday, July 24

Morning Joint with Urban Economics

8:00 am

Coffee and Pastries

8:30 am

Short Presentations from Job Market Papers

Can We Rebuild a City? Zoning and the Dynamics of Urban Redevelopment

Vincent Rollet, Massachusetts Institute of Technology

Build What and for Whom? The Distributional Effects of Housing Supply

Lei Ma, Boston University

Diversifying the Suburbs: Rental Supply and Spatial Inequality

Konhee Chang, University of California, Berkeley

Housing Regulation and Neighborhood Sorting across the US

James D. Macek, University of Toronto

9:50 am

Break

10:00 am

Housing Affordability and the Mobility of Renters

Nathaniel Baum-Snow, University of Toronto
Abdollah Farhoodi, University of Toronto
Lu Han, University of Wisconsin - Madison

Discussant:
Joanna Venator, Boston College

10:50 am

The Distaste for Housing Density

Joseph Gyourko, University of Pennsylvania and NBER
Sean E. McCulloch, Brown University

Discussant:
Evan Soltas, Princeton University and NBER

11:40 am

The Bronx is Burning: Urban Disinvestment Effects of the Fair Access to Insurance Requirements

Ingrid Ellen, New York University
Daniel Hartley, Federal Reserve Bank of Chicago
Jeffrey Lin, Federal Reserve Bank of Philadelphia
Wei You, Peking University

Discussant:
Parinitha R. Sastry, Columbia University

12:30 pm

Lunch and Adjourn