Showing 1 - 10 of 1,392
This article explains why the housing and commercial real estate market are in a permanent disequilibrium. The real …
Persistent link: https://www.econbiz.de/10011261025
This paper presents a simple disequilibrium model in the primary housing market, calibrated to the Warsaw market. Our … aim is to point out that the primary housing market, due to the long construction process is always in disequilibrium …, which has important policy implications. We discuss the last housing cycle and show how a combination of slight demand …
Persistent link: https://www.econbiz.de/10011110980
This article discusses and explains the dynamics of the primary housing market, focus-ing on housing supply, demand …, price and construction costs dynamics. We focus our attention on the primary housing market, because it can create an … will be delivered to the market with a lag. Housing developers have the marketing tools to heat up the market for a …
Persistent link: https://www.econbiz.de/10011113001
The article presents the author's model of pricing at the housing market. Economic indicators according to which the … analysis should be carried out are defined in this article. The analysis of prices at the housing market of CIS countries on …
Persistent link: https://www.econbiz.de/10011259018
, Manchester and Leeds, the authors argue that regeneration of these inner areas can do more than upgrade housing and environments … for larger, more affordable housing than is available in the city centre or the more recent suburbs. But care will be …
Persistent link: https://www.econbiz.de/10008871314
This paper develops a macroeconomic model of the interaction between consumer debt and firm debt over the business cycle. I incorporate interest rate spreads generated by firm and household loan default risk into a real business cycle model. I estimate the model on US aggregate data. This allows...
Persistent link: https://www.econbiz.de/10008693563
This paper studies the connection between the capital market and the real estate market. Empirically, we find that positive real house price shocks lower the external finance premium and stimulate nonresidential investment and real GDP. Our theoretical framework is able to mimic the volatility...
Persistent link: https://www.econbiz.de/10008728047
Econometric evidence suggests the existence of two dynamics in the postwar U.S. housing market: (i) housing rental and …
Persistent link: https://www.econbiz.de/10009323636
which infers the unobservable household behavior from the observable patterns of housing and mortgage market activities. The … model emphasizes the role of asymmetric responses of sellers in different phases of a housing market cycle in generating … housing markets. The model also establishes, theoretically, multiple channels via which housing and mortgage markets interact …
Persistent link: https://www.econbiz.de/10008532152
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647399