Second Liens and the Leverage Option (with Adam J. Levitin)
Vanderbilt Law Review, Vol. 68, October 2015, 1243-1294.

Housing and Credit Bubbles in the US and Europe: A Comparison
Journal of Money, Credit and Banking, Vol. 47, Issue S1, March/April 2015, 37-42.

Macroeconomic Risk Factors and the Role of Mispriced Credit in the Returns from International Real Estate Securities (with Andrey D. Pavlov and Eva M. Steiner)
Real Estate Economics, Vol. 43, Issue 1, Spring 2015, 241-270.

Credit Supply and Housing Prices in National and Local Markets
Public Finance Review, Vol. 44 Issue 1, December 2015, 6-21.

Housing America: The Unequal Geography of Risk and Opportunity
Housing Policy Debate, Volume 25, Issue 4, July 2015, 813-816.

The Market Structure of Securitisation and the US Housing Bubble
National Institute Economic Review, No. 230, November 2014, 34-44.

Borrowing Constraints During the Housing Bubble (with Irina Barakova and Paul Calem)
Journal of Housing Economics, Vol. 24, June 2014, 4-20.

Repeat Sales House Price Index Methodology (with Lawrence Brown and Chaitra Nagaraja)
Journal of Real Estate Literature, Vol. 22 Issue 1, January 2014, 23-56.

The Commercial Real Estate Bubble (with Adam J. Levitin)
Harvard Business Law Review, Vol. 3, Summer 2013, 83-118.

The Public Option in Housing Finance (with Adam Levitin)
U.C. Davis Law Review, Vol. 46 Issue 4, April 2013, 1111-1173.

Real Estate Prices in Beijing 1644 to 1840 (with Dan Raff and Se Yan)   Abstract  
Explorations in Economic History, Vol. 50, No. 3, July 2013,  368-386

This paper provides the first estimates of housing price movements for Beijing in late pre-modern China. We hand-collect from archival sources transaction prices and other house attribute information from the 498 surviving house sale contracts for Beijing during the first two centuries of the Qing Dynasty (1644–1840), a long period without major wars, political turmoil, or significant institutional change in the Chinese capital. We use hedonic methods to construct a real estate price index for Beijing for the period. The regression analysis explains a major proportion of the variance of housing prices. We find that house prices grew steadily for the first half-century of the Qing Dynasty and declined afterwards in both nominal and real terms through the late eighteenth century. Nominal prices grew starting in the late eighteenth century and declined from the early nineteenth century through 1840. But these price changes occurred with contemporaneous price changes in basic measures of the cost of living: there was little change in real terms to the end of our period.