Housing and the financial crisis.

• Position: Conferences

An NBER Conference on "Housing and the Financial Crisis" organized by NBER Research Associate Joe Gyourko of the University of Pennsylvania's Wharton School of Business, took place in Cambridge on July 24, 2012. These papers were discussed:

* Andrew Haughwout, Donghoon Lee, Joseph Tracy, and Wilbert van der Klaauw, Federal Reserve Bank of New York, "Real Estate Investors, the Leverage Cycle and the Housing Market Crisis"

* Alexander Chinco, New York University, and Christopher Mayer, Columbia University and NBER, "Distant Speculators and Asset Bubbles in the Housing Market"

* Johannes Stroebel, Stanford University, "The Impact of Asymmetric Information about Collateral Values in Mortgage Lending"

* Anthony DeFusco and Wenjie Ding, University of Pennsylvania; and Fernando Ferreira and Joseph Gyourko, University of Pennsylvania and NBER, "The Role of Contagion in the American Housing Boom"

* Adam Guren and Timothy McQuade, Harvard University, "How Do Foreclosures Exacerbate Housing Downturns?"

* Kristopher Gerardi, Federal Reserve Bank of Atlanta; Eric Rosenblatt and Vincent Yao, Fannie Mae; and Paul Willen, Federal Reserve Bank of Boston and NBER, "Foreclosure Externalities: Some New Evidence" (NBER Working Paper No...