of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the …

discovery of oil in 2015. In line with the growing demand for housing, commercial banks' housing loans have increased, prompting … higher household debt. This paper presents two analyses which suggest that housing prices in Georgetown and banks' lending to … the housing sector appear to be in their early stages of growth. However, given the data limitations and caveats that …

Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these …

Housing is by far the most important asset in Chinese households' balance sheets. However, despite forceful and … frequent government interventions, the rise in Chinese housing prices has not been contained as much as intended, a trend that … incompleteness-on China's housing prices. The model implies that to eradicate the root causes of the rising housing price …

How does a shrinking population affect the housing market? In this study, drawing on Japan's experience, we find that … there exists an asymmetric relationship between housing prices and population change. Due to the durability of housing … structures, the decline in housing prices associated with population losses is estimated to be larger than the rise in prices …

This paper studies the US housing market using a proprietary and comprehensive dataset covering nearly 90 million …-primary home buyers to the housing cycle. Our findings suggest that the share of short-term investors grew substantially in the run … housing investors and prices. Finally, we show that the recent rise of shadow bank lending in the residential market is …

This paper separates the roles of demand for housing services and belief about future house prices in a house price … cycle, by utilizing a feature of user-cost-of-housing that it is sensitive to demand for housing services only. Optimality … conditions of producing housing services determine user-cost-of-housing and the elasticity of substitution between land and …

their respective countries', perhaps due to the influence of global investors on local house price dynamics. Policy choices … domestic housing markets to the rest of the world …

The recent housing bust has reignited interest in psychological theories of speculative excess (Shiller, 2007). I …

Housing market imbalances are a key source of systemic risk and can adversely affect housing affordability. This paper …, financial stability, and housing affordability. Not surprisingly, when faced with multiple objectives, deploying more policy …