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Housing-consumption channel of mortgage demand

Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024

We quantify the housing-consumption channel in mortgage demand according to which households borrow more following … a structural approach to mortgage demand and supply, exploiting exogenous variation in house-price growth and a unique … dataset with matched transaction-price and mortgage information. We estimate an elasticity of mortgage borrowing to house …

Persistent link: https://www.econbiz.de/10014637339

Housing market expectations

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

purchasing and mortgage financing decisions. Finally, we highlight research on how expectations affect aggregate outcomes in the …

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

The impact of foreclosure on housing prices

Siebert, Ralph - 2015

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

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

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

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

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

Housing market dynamics : on the contribution of income shocks and credit constraints

Ortalo-Magné, François; Rady, Sven - 2001

are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement …

Persistent link: https://www.econbiz.de/10011398664

Betting the house

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10010468583

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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