Reports and Papers

• Increases in home prices were associated with significant increases in the ability of local residents to block new housing projects. Edward Glaeser, Joseph Gyourko, and Raven Saks, "Why Have Housing Prices Gone Up?" Harvard Institute of Economic Research, 2005. http://ideas.repec.org/p/fth/harver/2061.html
• Cristian Voicu, "Systematic Risk in the Housing Markets", 2007, Verlag VDM, 2008
• Real estate forecasting models and home-buyer surveys. Karl Case and Robert Shiller, "Is There a Bubble in the Housing Market?" Brookings Papers on Economics Activity, 2003 (2)http://macromarkets.com/about_us/publications/real_estate/is-there-a-bubble.pdf
• One of the first papers documenting inefficiency in the market for single-family homes. Karl Case and Robert Shiller, "Forecasting Prices and Excess Returns in the Housing Market", AREUEA Journal, 1990, 18(3): pp. 253-273. http://macromarkets.com/about_us/publications/real_estate/forecasting-prices.pdf
• The original paper presenting the construction of the Case-Shiller repeat sale index. Karl Case and Robert Shiller, "Prices of Single-Family Homes Since 1970: New Indexes for Four Cities", New England Economic Review, Sept/Oct 1987, pp. 46-56. http://macromarkets.com/about_us/publications/real_estate/price-of-single-family.pdf
• Historical real estate data starting from 1890, as provided by Robert J. Shiller in "Irrational Exuberance", 2nd edition, Princeton University Press 2005.http://www.irrationalexuberance.com/Fig2.1Shiller.xls

Links

• Chicago Mercantile Exchange housing futures and options -- information and real-time quotes http://housingrdc.cme.com/
• MacroMarkets and the Case-Shiller home price indices http://macromarkets.com/csi_housing/
• Office of Federal Housing Enterprise Overshight (OFHEO) - home price indices http://www.ofheo.gov/hpi.aspx
• Standard & Poors/ Case-Shiller home price indices - historical data Click HERE