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Jorda, Oscar - 2015

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10013030308

Supply Restrictions, Subprime Lending and Regional US House Prices

Anundsen, André K. - 2015

, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …

Persistent link: https://www.econbiz.de/10013025976

Social Networks and Housing Markets

Bailey, Michael - 2016

We document that the recent house price experiences within an individual's social network affect her perceptions of the attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine anonymized social network information from...

Persistent link: https://www.econbiz.de/10012988967

The Great Mortgaging : Housing Finance, Crises, and Business Cycles

Jordà, Òscar - 2015

course of the 20th century, driven by a sharp rise of mortgage lending to households. Household debt to asset ratios have …

Persistent link: https://www.econbiz.de/10013032225

Using Bankruptcy to Reduce Foreclosures : Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?

Li, Wenli - 2014

We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and … the circuit court decisions did not consistently affect mortgage terms. These results suggest that strip-down would be an …

Persistent link: https://www.econbiz.de/10013054958

House Prices, Local Demand, and Retail Prices

Stroebel, Johannes - 2015

We use detailed micro data to document a causal response of local retail price to changes in house prices, with elasticities of 15%-20% across housing booms and busts. Notably, these price responses are largest in zip codes with many homeowners, and non-existent in zip codes with mostly renters....

Persistent link: https://www.econbiz.de/10013009877

On the Cyclicity of Regional House Prices : New Evidence for U.S. Metropolitan Statistical Areas

Flor, Michael - 2015

This paper is mainly concerned with the analysis of regional house price cycles. Based on a newly available data set consisting of the 40 largest U.S. Metropolitan Statistical Areas (MSAs), we introduce a wavelet transform based metric to study the housing cycle synchronization across MSAs. We...

Persistent link: https://www.econbiz.de/10013017380

Price and Quantity Effects of the German Real Estate Transfer Tax

Petkova, Kunka - 2017

This paper analyzes the tax effects of the German real estate transfer tax (RETT). While the vast majority of single-family houses in Germany are owner-occupied, apartments are usually held by private and incorporated investors. For this reason, we conducted a regression analysis to determine...

Persistent link: https://www.econbiz.de/10012951769

Renewed Momentum in the German Housing Market : Boom or Bubble?

Chen, Xi - 2013

The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks. In this paper, we apply recently developed recursive unit root tests to detect the beginning and the end of potential speculative bubbles in Germany over the sample period...

Persistent link: https://www.econbiz.de/10013079871

The Impact of Foreclosure on Housing Prices

Siebert, Ralph - 2015

,798, which corresponds to 16:1 percent of the average house price in Indiana. The estimation results show a significant degree of …

Persistent link: https://www.econbiz.de/10013028527

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