Showing 1 - 10 of 191
Airbnb supply has a much larger impact on rents and long-term rental supply for the first reform. This is consistent with more … high-availability Airbnb listing crowds out 0.6 long-term rentals and, consequently, increases the asked square-meter rent …, these district experienced a larger slowdown in rent increases following the reform due to larger reductions in Airbnb …
Persistent link: https://www.econbiz.de/10012515043
With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions … Statistical Areas, we estimate a simultaneous boom-bust system for house prices, housing supply and subprime lending. The model … accounts for regional differences in supply elasticities that are determined by local variations in topographical and …
Persistent link: https://www.econbiz.de/10010488113
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...
Persistent link: https://www.econbiz.de/10011514075
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …
Persistent link: https://www.econbiz.de/10012288032
estimate the impact of foreclosure on home prices in Florida and Indiana from 2000 to 2008. We employ a model of housing demand …
Persistent link: https://www.econbiz.de/10010477084
temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in … renter households lose. Our counterfactual analysis mimicks the rent control policy. We find that this policy reduces welfare …
Persistent link: https://www.econbiz.de/10012696919
This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...
Persistent link: https://www.econbiz.de/10011350189
We study market rents in the neighborhood of asylum seeker hosting centers. Our empirical setting exploits the quasi-random opening of centers and spatial allocation of asylum seekers in Switzerland. Rents within 0.7km of an active center are found on average to be 3.8% lower than rents in the...
Persistent link: https://www.econbiz.de/10014251417
a structural approach to mortgage demand and supply, exploiting exogenous variation in house-price growth and a unique …We quantify the housing-consumption channel in mortgage demand according to which households borrow more following …
Persistent link: https://www.econbiz.de/10014637339
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