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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 … expectations in these survey data, before summarizing research that has studied how individuals form these expectations. Housing …
Persistent link: https://www.econbiz.de/10013170986
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Social networks and housing markets
Bailey, Michael; Cao, Ruiqing; Kuchler, Theresa; … - 2016
these findings, we introduce a new methodology to document large effects of housing market expectations on individual … market expectations. Individuals whose friends experienced a 5 percentage points larger house price increase over the …
Persistent link: https://www.econbiz.de/10011476018
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Renewed momentum in the German housing market : boom or bubble?
Chen, Xi; Funke, Michael - 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/10009764458
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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 …
Persistent link: https://www.econbiz.de/10010477084
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Who bears the burden of real estate transfer taxes? : evidence from the German housing market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2021
This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...
Persistent link: https://www.econbiz.de/10012417752
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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
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Why do buyers pay different prices for comparable products? : evidence from the housing market
Siebert, Ralph; Seiler, Michael J. - 2020
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...
Persistent link: https://www.econbiz.de/10012225430
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Limited attention in the housing market : threshold effects of energy-performance certificates on property prices and energy-efficiency investments
Sejas-Portillo, Rodolfo; Comerford, David; Moro, Mirko; … - 2020
We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing market. Using a novel dataset, we analyse over 5 million residential property sale transactions in England and Wales, each containing information about sale price, property and...
Persistent link: https://www.econbiz.de/10012308597
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Does the housing market react to new information on school quality?
Fiva, Jon H. (contributor); Kirkebøen, Lars J. (contributor) - 2008
Persistent link: https://www.econbiz.de/10003711851
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High and low activity spells in housing markets
Smith, Eric - 2015
This paper demonstrates the way in which stock-flow matching with endogenous seller entry generates hot and cold spells in house sales. Potential sellers know the number of bidders remaining from the last house sale. If two or more bidders remain, the seller obtains the gains to trade through...
Persistent link: https://www.econbiz.de/10011384560