Research Department Working Papers
Bubbling Up? What Consumer Expectations Reveal About U.S. Housing Market Exuberance
This paper investigates the presence of speculative bubbles in the U.S. housing market after the global financial crisis. Unlike standard approaches that rely on observed economic fundamentals, the method used in this paper leverages subjective price expectations from the University of Michigan Survey of Consumers to test for exuberance without imposing a specific model of intrinsic housing values.
May 21, 2025
Research Department Working Papers
The Impact of Labels on Real Asset Valuations
This paper shows that neighborhood labels, frequently used in realtors’ property descriptions, have a causal impact on the demand for housing.
January 15, 2025
How the Rio Grande Valley rallies for growth
Dallas Fed President Lorie Logan's 360° Listening Tour is taking her to communities all around the Eleventh Federal Reserve District. The tour is helping deepen her understanding of the region’s people and economy by adding color and perspective that go beyond official statistics.
August 29, 2024
Lubbock looks for new growth
Dallas Fed President Lorie Logan's 360° Listening Tour is taking her to communities all around the Eleventh Federal Reserve District to deepen her understanding of the region’s people and economy.
December 01, 2023
Redevelopment helps revitalize Southern Dallas
Dallas Fed President Lorie Logan's 360° in 365 Listening Tour is taking her to communities all around the Eleventh Federal Reserve District to deepen her understanding of the region’s people and economy.
December 01, 2023
Speech by President Lorie K. Logan
Opening remarks at the Panel on Policy Challenges for Central Banks, 2023 annual meeting of the Central Bank Research Association
Dallas Fed President Lorie Logan delivered these remarks at Columbia University in New York, July 6, 2023.
July 06, 2023
Texas’ cheap housing edge slipping away as resilient demand outpaces supply
Housing affordability has declined in Texas, a top destination for domestic and international migrants drawn by its historically low cost of living.
April 21, 2023
High-tech hotspot Austin works to solve labor, housing issues
In the fourth stop on her 360° in 365 Listening Tour, Dallas Fed President Lorie K. Logan met with Austin business and community leaders in January to learn about the area’s strengths, challenges and outlook.
March 09, 2023
The Federal Reserve is updating the Community Reinvestment Act. Here’s how you can help
Whether you are a community-service organization member, an economic development professional or simply interested in helping communities in our region thrive, your comments and ideas are a critical part of ensuring an inclusive financial services industry.
January 13, 2021
March 6 summit to explore connection between housing and access to opportunity
Research shows that life expectancy in Texas differs as much as 30 years depending on the ZIP code in which someone lives.
February 24, 2020