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Monetary policy transmission and house prices : European cross-country evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the …
Persistent link: https://www.econbiz.de/10003872444
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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
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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
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The measurement of spatial competition : evidence from the real estate market
Siebert, Ralph; Zhou, Xiaoyan - 2024
This study provides a test for measurement of spatial competition in residential real estate markets. Several alternative spatial competition measures are tested. We employ a Bertrand oligopoly model with differentiated products and adopt a Spatial Autoregressive model using a two stage least...
Persistent link: https://www.econbiz.de/10015074587
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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
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Determinants of house prices in Central and Eastern Europe
Égert, Balázs (contributor);  … - 2007
This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...
Persistent link: https://www.econbiz.de/10003624430
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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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On the cyclicity of regional house prices : new evidence for US metropolitan statistical areas
Flor, Michael A.; Klarl, Torben - 2015
This paper is mainly concerned with the analysis of regional house price cycles. Based on a newly available data set consisting of the 40 largest U.S. Metropolitan Statistical Areas (MSAs), we introduce a wavelet transform based metric to study the housing cycle synchronization across MSAs. We...
Persistent link: https://www.econbiz.de/10011306112
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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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Das House-Kapital : a theory of wealth-to-income ratios
Grossmann, Volker; Steger, Thomas - 2016 - April 11, 2016 (Version 1.1)
This paper provides a novel macroeconomic model that is specifically designed to investigate the evolution of housing wealth. To capture the importance of land as an input factor for housing production and for the evolution of wealth in a growing economy, the analysis builds on three premises:...
Persistent link: https://www.econbiz.de/10011451042