This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …

The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks …

We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local … home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing … attributes. Our results show that NLBs are willing to pay more for specific housing attributes, especially for house size and …

This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households … following results. (1) Current income of young credit-constrained households affects housing prices independently of aggregate … income. (2) Housing prices and the number of housing transactions are positively correlated. (3) Housing prices over-react to …

newcomers. Second, homeownership adds to the volatility of the housing market. Third, homeownership may amplify the dispersion … housing gain the most from the ability to own their home. Newcomers to the city are the main losers. …

Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing … stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by … nondurable consumption and housing. I reach a similar conclusion for some separate consumption categories, such as food and …

website of housing listings for families with housing vouchers. We find that this information causes families to choose … estimate a dynamic model of families' search for housing on and off the website, as well as their location decisions. The model … families' prior beliefs about school quality and each group's apparent valuation of school quality. Families tend to …

household sector and the housing stock in a two-region DSGE model with out of sync subnational housing markets and compare four …