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to holders of commercial mortgage-backed securities (CMBS). Using detailed micro data, we show that cash flow shocks … during the COVID-19 pandemic predict CRE mortgage delinquency, especially those stemming from lease expiration of offices …
Persistent link: https://www.econbiz.de/10015061135
-quarter has been realized. Estimated welfare gains from relaxing existing height constraints are 5.9% in the developed world and 3 …
Persistent link: https://www.econbiz.de/10014433980
, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …
Persistent link: https://www.econbiz.de/10010488113
We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U …
Persistent link: https://www.econbiz.de/10012697108
Ownership of real estate through corporations in offshore tax havens creates opportunities for tax evasion and money laundering and may have undesirable effects in housing markets. In this paper, we study offshore ownership of real estate in the United Kingdom by combining several data sources:...
Persistent link: https://www.econbiz.de/10013473652
Round numbers affect behavior in various domains, e.g., as prominent thresholds or focal points in bargaining. In line with earlier findings, residential real estate transactions in Germany cluster at round-number prices, but there are also interesting (presumably cultural) differences. We...
Persistent link: https://www.econbiz.de/10014426542
We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial units from repeated cross-sections of geocoded micro data. The algorithm combines parametric and non-parametric estimation techniques to provide a tight local fit where the...
Persistent link: https://www.econbiz.de/10012597680
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the …
Persistent link: https://www.econbiz.de/10003872444
The aim of the study is to explain if the foreclosure effect on prices is explained by a lower quality of foreclosed houses, which is a crucial aspect in the intelligibility of foreclosures. Based on a novel and comprehensive dataset, we estimate the impact of foreclosure on home prices in...
Persistent link: https://www.econbiz.de/10010477084
purchasing and mortgage financing decisions. Finally, we highlight research on how expectations affect aggregate outcomes in the …
Persistent link: https://www.econbiz.de/10013170986