market analysis ─ to detect boom/bust in the housing market, with a focus on the euro area. In this context, an underlying …, disposable income (or disposable income per capita), the debt-to-income ratio and, finally, the housing stock are fundamental …

Since the onset of the Global Financial Crisis, the presence of institutional investors in housing markets has steadily … increased over time. Real estate funds (REIFs) and other housing investment firms leverage large-scale buy-to-rent investments … in real estate assets that enable them to set prices in rental housing markets. A significant fraction of this funding is …

This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that … includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when …

Panel Probit model over the period 1980-2007. It finds that 1) most recent housing booms have been very persistent and of a …

This paper explores the link between agent expectations and housing market dynamics. We focus on shifts in the … rate expectations during the mid-2000's housing boom …

Housing prices are subject to boom and bust episodes with long-lasting deviation from fundamentals. By considering a … present value housing price model under noisy information, I study the macroeconomic implications of movements in housing …-standard VAR technique which exploits future information. In the US, news shocks are the main driver of the housing market at low …