Real Estate

“Housing Supply Elasticities: A Structural Vector Autoregression Approach,” (with Christian L. Redfearn), Working Paper, 2020.

“The Long Road to Durable Capital: A New Measure of Real Estate Frictions,” (with Chris Cunningham), Working Paper, 2020.

The Physical Legacy of Racism: How Redlining Cemented the Modern Built Environment,” (with Brian Y. An and Seva Rodnyansky), Working Paper, 2020.

“The Lifetime Cost of Low-Income Housing Subsidies: How to Maintain, Renovate, and Preserve Affordability for the Long Run,” (with Michael D. Eriksen), Working Paper, 2020.

“Rental Affordability in the Wake of Natural Disasters,” (with Brian Y. An, Andrew Jakabovics, Seva Rodnyansky, and Raphael W. Bostic), Working Paper, 2020.

For Whom the Price Grows: Monetary Policy and the Housing Distribution,” Working Paper, 2020.

“Giving Credit Where Credit Will Skew: Mortgage Supply and the Housing Distribution,” Working Paper, 2020.

Does Housing (Production) Predict Recessions?” Working Paper, 2020.

“Preserving Affordable Housing Through Big Data Analysis,” (with Brian Y. An, Andrew Jakabovics, and Seva Rodnyansky), Working Paper, 2020.

Is More Affordable Housing Better? The Housing Price Effects of Concentrating LIHTC Developments in Los Angeles,” (with Richard Voith, Jing Liu, Sean Zielenbach, Andrew Jakabovics, Brian Y. An, Seva Rodnyansky, and Raphael W. Bostic), Working Paper, 2020.

Returns to Scale in Residential Construction: The Marginal Impact of Building Height on Affordability,” (with Michael D. Eriksen), Under Review, 2020.

“The Effects of Concentrated LIHTC Development on Surrounding House Prices,” (with Raphael W. Bostic, Andrew Jakabovics, Richard Voith, Sean Zielenbach, Brian Y. An, Jing Liu, and Seva Rodnyansky), R&R at Journal of Housing Economics, 2020.

“Small and Medium Multifamily Housing: Affordability and Availability,” (with Brian Y. An, Raphael W. Bostic, Andrew Jakabovics, and Seva Rodnyansky), Forthcoming at Housing Studies, 2020.

“A Rising Tide Drowns Unstable Boats: How Inequality Creates Homelessness,” (with Thomas Hugh Byrne and Benjamin F. Henwood), Forthcoming at Annals of the American Academy of Political and Social Science, 2020.

Press coverage: The Hill

Why Are Small and Medium Multifamily Properties So Inexpensive?” (with Brian Y. An, Raphael W. Bostic, Andrew Jakabovics, and Seva Rodnyansky), Forthcoming at Journal of Real Estate Finance & Economics, 2020.

Blog coverage: Federal Reserve Bank of Atlanta

“Understanding the Small and Medium Multifamily Housing Stock,” (with Brian Y. An, Raphael W. Bostic, Andrew Jakabovics, and Seva Rodnyansky), Report for Enterprise Community Partners and the USC Bedrosian Center on Governance, 2017. (short version, long version)

Press coverage: Bloomberg

Booms and Busts in Real Estate,” (with Susan M. Wachter), Wharton Real Estate Review, 2011.


“Measuring the COVID Debt Threat to Hospitals,” (with Robert I. Field), Under Review, 2020.

The Foundation of the Pyramid: Hedge Funds, Systematic Risk, and the Market for Mortgage-Backed Securities,” Under Review, 2020.

Oil at Risk: Terrorism and Accelerated Carbon Extraction in the Middle East and North Africa,” (with Ryan K. Merrill), Energy Economics, 92: 104935, 2020.

Global Forces, Local Consequences: The Role of Foreign Investment and HNWI Money in US Real Estate Markets,” Report for the Dialogue of Civilizations Research Institute, 2018.

Blog coverage: DOC Research Institute

When the Invisible Hand Isn’t a Firm Hand: Disciplining Markets That Won’t Discipline Themselves,” (with Raphael W. Bostic), in Evidence and Innovation in Housing Law and Policy, edited by Lee Anne Fennell and Benjamin J. Keys, Cambridge University Press, 2017.

Public Policy

“More Than Enough to Go Around: $15 Trillion in Revenues to Reduce Inequality in the United States,” Under Review, 2020.

Genetics and COVID-19: How to Protect the Susceptible,” (with Robert I. Field and Arnold J. Rosoff), Forthcoming at Trends in Genetics, 2020.

“Am I My Cousin’s Keeper? A Proposal to Protect Relatives of Genetic Database Subjects,” (with Robert I. Field and Arnold J. Rosoff), Forthcoming at Indiana Health Law Review, 2020.

Breaking Down Silos to Improve the Health of Older Adults: The Case for Medicare to Cover Home Safety Renovations,” (with Richard K. Green and Patrica F. Harris), Ageing Research Reviews, 62: 101120, 2020.

The Role of Transparency in Promoting Healthy Behaviors: Pros, Cons, and Perils of Information-Sharing to Foster Personal Responsibility in Health Care,” (with Arnold J. Rosoff), in Transparency in Health and Health Care in the United States: Ethics and Law, edited by Holly Fernandez Lynch, I. Glenn Cohen, Carmel Schachar, and Barbara J. Evans, Cambridge University Press, 2019.

The New Privacy Crisis: What’s Health Got to Do with It?” (with Arnold J. Rosoff), American Journal of Medicine, 132(2): 127-128, 2019.

Fast-Forward to the Frightening Future: How the 21st Century Cures Act Accelerates Technological Innovation…at Unknown Risk to Us All,” (with Arnold J. Rosoff), American Journal of Law & Medicine, 2018.

Finding Resources to Uplift Ordinary People (RUOPs),” (with Bruce S. Jansson), in Reducing Inequality: Addressing the Wicked Problems Across Professions and Disciplines, by Bruce S. Jansson, Cognella Academic Publishing, 2018.

Sustainable Financing Structures for Population Health: Historical Patterns and Insights for the Future,” (with Raphael W. Bostic), in Building Sustainable Financial Structures for Population Health: Insights from Non-Health Sectors, The National Academies Press, 2017.

Employers and Health Insurance Under the Affordable Care Act,” (with Arnold J. Rosoff), Annals of Health Law, 2015.