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Real estate markets are subject to dynamic, ever-changing influences from location, amenities and neighborhoods; regulation, zoning and population changes; but also - macroeconomic variables, such as interest rates, inflation and economic cycles. The decision to buy or rent a durable,...
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This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six … expectations exhibit mean reversion in the long-run. Moreover, we do not find evidence for biases related to individual housing …
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This paper builds a macro model with a financial sector and a housing market to understand the transmission and effects …. General shocks, where housing credit increases as a side effect of larger movements, might warrant the use of the CCyB or also …
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