Real-estate markets are almost as volatile as stock markets. Prices of agricultural land, of commercial real estate, and of homes and condominiums have gone through a series of huge bubbles, as if people never learned from the previous ones. Such events--in particular the recent housing bubble--are driven by what John Maynard Keynes called animal…

This dissertation presents new evidence on neighborhood transition and its impact on housing markets using a novel micro-level dataset on housing transactions. It focuses on three issues: the neighborhood effect, housing discrimination, and stable integration. The first essay examines the relationship between increased minority composition and…

The inauguration of a new president is a typically a time of great hope, and this year is certainly no exception. But the advent of the Obama administration offers residents of New York and other city-dwellers special grounds for optimism: that the period of years, if not decades, when the federal government all but turned its back on the needs of…

Even at land-grant institutions, faculty seldom work with commercial retailers on community programs. Retailers can help with outreach and engagement programs because they provide the "natural habitat" for consumers the programs seek to address. Allied health, family science, and interior design faculty at the Ohio State University…