Arbitrage in Housing Markets

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Housing Bubbles: A Survey (2011, unknown): “Glaeser & Gyourko (2007) argue that such comparisons are inaccurate because of appreciable differences between owners and renters and the types of residences in which they live.”
Misinformed Speculators and Mispricing in the Housing Market (2016, background): “For example, Glaeser and Gyourko (2007) point out that very few single family houses are rented, so any rental index is not assured to match up with the price index.”
An Extrapolative Model of House Price Dynamics (2017, unknown): “To convert the indices into levels, we multiply each city’s index by the median house price in the 2000 Census, following Glaeser et al. (2014). We run each simulation for 31 years to align the time horizon in the data and the simulation.”
Credit Supply and the Price of Housing (2015, unknown): “But it can also come from the demand side of the market, simply because income per capita and population are geographically heterogeneous (see Glaeser and Gyourko, 2007, 2008; Lamont and Stein, 1999).”
Mortgage Design in an Equilibrium Model of the Housing Market (2018, unknown): “Although this assumption is stark, it is meant to capture that while there is some limited conversion of owner-occupied homes to rental homes and vice-versa in practice, the rental and owner-occupied markets are quite segmented (Glaeser and Gyourko, 2009; Halket et al., 2015; Greenwald and Guren, 20”