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The measurement and determinants of single-family house prices

Peek, Joe; Wilcox, James A. - Federal Reserve Bank of Boston - 1991

We assess the conceptual and empirical features of a number of house price series for the United States. We then calculate a measure of the net upgrading of the existing stock of houses that took place during the 1950-1989 period and adjust price indexes for this net increase in quality....

Persistent link: https://www.econbiz.de/10005379733

Unifying empirical and theoretical models of housing supply.

Mayer, Christopher J.; Somerville, C. Tsuriel - Federal Reserve Bank of Boston - 1996

Housing supply plays an important role in the volatility of macroeconomic cycles and the speed with which house prices … urban growth. This model shows that new housing construction is best described as a function of changes in house prices and … a permanent jump in new construction and thus an infinite increase in the stock of housing. The empirical tests of the …

Persistent link: https://www.econbiz.de/10005379757

Monetary policy, housing investment, and heterogeneous regional markets

Fratantoni, Michael; Schuh, Scott - Federal Reserve Bank of Boston - 2000

This paper quantifies the importance of heterogeneity in regional housing markets for the conduct of monetary policy … using a new model called an aggregation VAR (AVAR). The model integrates a national financial market with regional housing … coastal housing booms on the efficacy of monetary policy. …

Persistent link: https://www.econbiz.de/10005379814

Housing price dynamics within a metropolitan area

Case, Karl E.; Mayer, Christopher J. - Federal Reserve Bank of Boston - 1995

This paper analyzes the pattern of house price appreciation in the Boston area from 1982 to 1994. The empirical results are consistent with the predictions of a standard urban model in which towns have a fixed set of amenities. The evidence suggests that changes in the cross-sectional pattern of...

Persistent link: https://www.econbiz.de/10005379817

A historical perspective on housing downturns.

Rosengren, Eric S. - Federal Reserve Bank of Boston - 2008

Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Connecticut Business and Industry Association’s 2008 Economic Summit and Outlook, Hartford, Connecticut. January 8, 2008

Persistent link: https://www.econbiz.de/10010726547

Housing and the economy: perspectives and possibilities.

Rosengren, Eric S. - Federal Reserve Bank of Boston - 2009

Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Massachusetts Mortgage Bankers Association 2009 Annual Dinner, January 8, 2009

Persistent link: https://www.econbiz.de/10010726558

Housing and economic recovery

Rosengren, Eric S. - Federal Reserve Bank of Boston - 2011

Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Economic Outlook Seminar, Stockholm, Sweden, September 28, 2011

Persistent link: https://www.econbiz.de/10010726562

A historical perspective on housing downturns.

Rosengren, Eric S. - Federal Reserve Bank of Boston - 2008

Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for The Seventeenth Annual Vermont Economic Outlook Conference, Burlington, Vermont, January 11, 2008

Persistent link: https://www.econbiz.de/10010726564

Intergenerational transfers, borrowing constraints, and saving behavior: evidence from the housing market

Engelhardt, Gary V.; Mayer, Christopher J. - Federal Reserve Bank of Boston - 1995

targeted toward first-time home purchases. The study of transfer behavior in the housing market is advantageous for a number of …

Persistent link: https://www.econbiz.de/10005713315

Optimal portfolio choice with predictability in house prices and transaction costs

Corradin, Stefano; Fillat, José L.; Vergara-Alert, Carles - Federal Reserve Bank of Boston - 2010

We study a model of portfolio choice, in which housing prices are predictable and adjustment costs must be paid when … there is a housing transaction. We show that two state variables affect the agent's decisions: (i) his wealth-house ratio …; and (ii) the time-varying expected growth rate of housing prices. The agent buys (sells) his housing assets only when the …

Persistent link: https://www.econbiz.de/10008468118