loss" will affect the pricing of the housing products and development time of the project in future development. We use a … pattern in housing markets. …

This paper looks at the relation between mortgage credit and housing values. It has become conventional wisdom in … different housing price variables are estimated. It is found that mortgage credit is weakly exogenous. Impulse …-response functions, variance decompositions and out of sample forecast also show that mortgage credit drives housing prices and not vice …

This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the …

positive shocks to the Federal Funds Rate are associated with housing price changes in the negative direction and the mortgage … rate in the positive direction. Shocks to the mortgage rate have no statistically significant impact on housing prices … standard 30 year mortgages in the US for the period 1987 to 2010 impacts an index of housing prices. The results indicate that …

This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the …

We study how the structure of housing finance affects the transmission of monetary policy shocks. We document three … main facts: first, the features of residential mortgage markets differ markedly across industrialized countries; second … house prices is significantly stronger in those countries with larger flexibility/development of mortgage markets; third …