anonymous referees provided numerous comments that have helped us improve
the paper significantly. Thanks to Elliot Anenberg for excellent research
assistance. Financial support from the National Science Foundation and SSHRC.
The Effect of Mortgage Credit Availability on House Prices and Construction:
Evidence from a FrontierEstimation Approach” Elliot Anenberg, Aurel Hizmo,
Edward Kung, Raven Molloy. Abstract. We present new evidence on changes in
Columbia, New York University, Georgetown University,. University of Rochester,
and the University of Arizona for their helpful comments. We also thank Elliot Anenberg for excellent research assistance. All errors are our own ...