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Australian Housing Market Booms : Fundamentals or Speculation?
Shi, Shuping - 2019
This paper investigates the presence of housing bubbles in Australia at the national, capital city, and local … employ the recursive evolving method proposed by Phillips et al. (2015a,b) for the detection of explosive bubbles. While the … bubbles identified for Sydney and Melbourne during the recent rapid housing price expansions from 2013 to 2017. The LGA …
Persistent link: https://www.econbiz.de/10012863721
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Housing bubble scars
Aastveit, Knut Are; Anundsen, André Kallåk; Kivedal, … - 2024
We study scar formation and persistence after a house price bubble has burst using data on 3,089 US counties and county equivalents over the period 1980q1-2019q4. We date house price booms and busts for each county, and identify periods with explosive house price developments. Applying a sharp...
Persistent link: https://www.econbiz.de/10015141915
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Bubble Formation and Networks in Housing Markets
Shi, Shuping - 2018
This paper proposes a framework for analysing speculative bubbles in housing markets. The formation of bubbles is … autonomous bubbles, and the individual connectivity index identifying systematically important sub-markets. We illustrate our … Melbourne bubble network is an autonomous one, speculative bubbles in the Sydney market are highly interconnected, and show a …
Persistent link: https://www.econbiz.de/10012924880
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Bubble Formation and Networks in Housing Markets
Shi, Shuping - 2018
This paper proposes a framework for analysing speculative bubbles in housing markets. The formation of bubbles is … autonomous bubbles, and the individual connectivity index identifying systematically important sub-markets. We illustrate our … Melbourne bubble network is an autonomous one, speculative bubbles in the Sydney market are highly interconnected, and show a …
Persistent link: https://www.econbiz.de/10012927111
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Date-stamping US housing market explosivity
Balcilar, Mehmet; Katzke, Nico; Gupta, Rangan - 2018
Generalized supADF (GSADF) test procedure developed by Phillips et al. (Testing for multiple bubbles: Historical episodes of …
Persistent link: https://www.econbiz.de/10011812671
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Date-stamping US housing market explosivity
Balcilar, Mehmet; Katzke, Nico; Gupta, Rangan - 2017
Generalized sup ADF (GSADF) test procedure developed by Phillips, Shi, and Yu (Testing for Multiple Bubbles: Historical Episodes …
Persistent link: https://www.econbiz.de/10011674010
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Speculators and Price Overreaction in the Housing Market
Fu, Yuming - 2012
This paper investigates the role of speculators in the housing market, specifically their contribution to price overreaction through positive feedback trading (or momentum trading). We exploit a unique dataset of condominium transactions in a residential real estate market where transaction...
Persistent link: https://www.econbiz.de/10013115047
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Intrinsic and Rational Speculative Bubbles in the US Housing Market : 1960–2011
Nneji, Ogonna - 2013
their fundamentals were caused by the existence of two genres of bubbles: intrinsic bubbles and rational speculative bubbles … collapsing rational bubbles in the post-2000 market …
Persistent link: https://www.econbiz.de/10013093992
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A Model-Free Test of Rational Bubbles : An Application to the US Housing Market
Basco, Sergi; Schäfer-i-Paradís, Maximilian - 2022
”bubbles”. In this paper, we provide a model-free test of rational bubbles and we apply it to the U.S. housing market. Based on …
Persistent link: https://www.econbiz.de/10013404365
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How Urban Planners Caused the Housing Bubble
O'Toole, Randal - 2014
housing bubbles.Between 2000 and the bubble's peak, inflation- adjusted housing prices in California and Florida more than …,000 people per year.This suggests that local factors, not national policies, were a necessary condition for the housing bubbles …
Persistent link: https://www.econbiz.de/10013064329