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Does high home-ownership impair the labor market?

Blanchflower, David G.; Oswald, Andrew J. - 2013

This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...

Persistent link: https://www.econbiz.de/10010195450

Explaining regional disparities in housing prices across German districts

Brausewetter, Lars; Thomsen, Stephan L.; Trunzer, Johannes - 2022

Over the last decade, German housing prices have increased unprecedentedly. Drawing on quality-adjusted housing price data at the district level, we document large and increasing regional disparities: growth rates were higher in 1) the largest seven cities, 2) districts located in the south, and...

Persistent link: https://www.econbiz.de/10013172850

Detecting mortgage delinquencies

Askitas, Nikos; Zimmermann, Klaus F. - 2011

Economic hardship is strongly reflected by the housing market. It is the concern of much research, but its analysis is often obstructed by insufficient lagged data. This paper evaluates search intensity for "hardship letter" from Google Insights to detect ensuing mortgage delinquencies. Such...

Persistent link: https://www.econbiz.de/10009312194

Superstition in the housing market

Fortin, Nicole Marie; Hill, Andrew J.; Huang, Jeff - 2013

We provide the first solid evidence that Chinese superstitious beliefs can have significant effects on house prices in a North American market with a large immigrant population. Using real estate data on close to 117,000 house sales, we find that houses with address number ending in four are...

Persistent link: https://www.econbiz.de/10009766279

Superstition, conspicuous spending, and housing markets : evidence from Singapore

Agarwal, Sumit; He, Jia; Liu, Haoming; Png, Ivan; Sing, … - 2016

For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...

Persistent link: https://www.econbiz.de/10011458319

House price expectations

Gohl, Niklas; Haan, Peter; Michelsen, Claus; Weinhardt, … - 2022

This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and...

Persistent link: https://www.econbiz.de/10012819576

Rising sea levels and sinking property values : the effects of Hurricane Sandy on New York's housing market

Ortega, Francesc; Taṣpınar, Süleyman - 2016

Are coastal cities adjusting to rising sea levels? This paper argues that large-scale events have the potential to ignite the process. We examine the effects of hurricane Sandy on the New York City housing market. We assemble a large plot-level dataset with rich geographic data on housing sales...

Persistent link: https://www.econbiz.de/10011581670

International migration and regional housing markets : evidence from France

Albis, Hippolyte d’; Boubtane, Ekrame; Coulibaly, Dramane - 2017

This article examines the causal relations between non-European immigration and the characteristics of the housing market in host regions. We constructed a unique database from administrative records and used it to assess annual migration flows into France's 22 administrative regions from 1990...

Persistent link: https://www.econbiz.de/10011607539

The effects of flood insurance on housing markets

Indaco, Agustín; Ortego, Francesc; Taṣpınar, Süleyman - 2018

We analyze the role of food insurance on the housing markets of coastal cities. To do so we have assembled a parcel-level dataset including the universe of residential sales for three coastal urban areas in the United States - Miami-Dade county (2008-2015), New York city (2003-2016), and...

Persistent link: https://www.econbiz.de/10011910881

Marketmaking middlemen

Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016

This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service. We show …

Persistent link: https://www.econbiz.de/10011526728

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