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Bailey, Michael; Cao, Ruiqing; Kuchler, Theresa; … - 2016

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 Facebook with...

Persistent link: https://www.econbiz.de/10011476018

On the cyclicity of regional house prices : new evidence for US metropolitan statistical areas

Flor, Michael A.; Klarl, Torben - 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/10011306112

Early effects of the COVID-19 pandemic on housing market in the United States

Yörük, Barış K. - 2020

I use daily data from fifty major cities to investigate the early effects of the COVID-19 pandemic on housing market in the United States. I find that starting from the second half of March, 2020, new home listings and pending home sales started to decrease. By mid-April, certain markets...

Persistent link: https://www.econbiz.de/10012224225

The short and the long of it : stock-flow matching in the US housing market

Smith, Eric; Xie, Zoe; Fang, Lei - 2022

This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells declines sharply after listing for two weeks....

Persistent link: https://www.econbiz.de/10013419282

Does policy communication during COVID work?

Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020

Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...

Persistent link: https://www.econbiz.de/10012231514

Housing market expectations

Kuchler, Theresa; Piazzesi, Monika; Stroebel, Johannes - 2022

We review the recent literature on the determinants and effects of housing market expectations. We begin by providing an overview of existing surveys that elicit housing market expectations, and discuss how those surveys may be expanded in the future. We then document a number of facts about...

Persistent link: https://www.econbiz.de/10013170986

Information frictions among firms and households

Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2021

We leverage survey data from Germany, Italy, and the US to document several novel stylized facts about the extent of information frictions among firms and households. First, firms’ expectations about the central bank policy rate, inflation, and aggregate unemployment are more aligned with...

Persistent link: https://www.econbiz.de/10012491615

What matters in households' inflation expectations?

Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2021

implies that managing aggregate demand through households’ inflation expectations is limited and can run out of ammunition. …

Persistent link: https://www.econbiz.de/10012499658

The demand for news : accuracy concerns versus belief confirmation motives

Chopra, Felix; Haaland, Inga; Roth, Christopher - 2022 - This version: June 2022

We examine the relative importance of accuracy concerns and belief confirmation motives in driving the demand for news …, left-wing biased, or unbiased way. We then measure demand for a newsletter covering articles from this outlet. Respondents … only reduce their demand for biased news if the bias is inconsistent with their own political beliefs, suggesting a trade …

Persistent link: https://www.econbiz.de/10013173771

Das House-Kapital : a theory of wealth-to-income ratios

Grossmann, Volker; Steger, Thomas - 2016 - April 11, 2016 (Version 1.1)

This paper provides a novel macroeconomic model that is specifically designed to investigate the evolution of housing wealth. To capture the importance of land as an input factor for housing production and for the evolution of wealth in a growing economy, the analysis builds on three premises:...

Persistent link: https://www.econbiz.de/10011451042

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