Similar Search Results

Glaeser, Edward L. - 2015

Housing markets experience substantial price volatility, short term price change momentum and mean reversion of prices … bubble. In this paper, we review the stylized facts of housing bubbles and discuss theories that can potentially explain … bubbles. Many non-rational explanations for real estate bubbles exist, but the most promising theories emphasize some form of …

Persistent link: https://www.econbiz.de/10013032705

Housing Supply and Housing Bubbles

Glaeser, Edward L. - 2015

of housing bubbles that predicts that places with more elastic housing supply have fewer and shorter bubbles, with … smaller price increases. However, the welfare consequences of bubbles may actually be higher in more elastic places because …

Persistent link: https://www.econbiz.de/10012750145

Pride Goes Before a Fall : Federal Reserve Policy and Asset Markets

Reinhart, Carmen M. - 2011

Considerable debate rages about whether Federal Reserve policy was too lax in the early part of the 2000s, thereby fueling the home-price bubble that was the proximate cause of the global financial crisis. We present evidence that the view that modest alterations to monetary policy have vast...

Persistent link: https://www.econbiz.de/10013129137

What Have They Been Thinking? Home Buyer Behavior in Hot and Cold Markets

Case, Karl E. - 2012

changing public understanding of speculative bubbles …

Persistent link: https://www.econbiz.de/10013100364

The 1920s American Real Estate Boom and the Downturn of the Great Depression : Evidence from City Cross Sections

Brocker, Michael - 2013

In the 1929-1933 downturn of the Great Depression, house values and homeownership rates fell more, and mortgage foreclosure rates were higher, in cities that had experienced relatively high rates of house construction in the residential real-estate boom of the mid-1920s. Across the 1920s, boom...

Persistent link: https://www.econbiz.de/10013085918

The Effects of the Saving and Banking Glut on the U.S. Economy

Justiniano, Alejandro - 2013

We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...

Persistent link: https://www.econbiz.de/10013072878

What Explains House Price Booms? : History and Empirical Evidence

Bordo, Michael D. - 2013

In this paper we investigate the relationship between loose monetary policy, low inflation, and easy bank credit with house price booms. Using a panel of 11 OECD countries from 1920 to 2011 we estimate a panel VAR in order to identify shocks that can be interpreted as loose monetary policy...

Persistent link: https://www.econbiz.de/10013073938

The Subprime Crisis and House Price Appreciation

Goetzmann, William N. - 2009

This paper argues that econometric analysis of housing price indexes before 2006 generated forecasts of future long-term price growth and low estimated probabilities of extreme price decreases. These forecasts of future increases in home-loan collateral values may have affected both the demand...

Persistent link: https://www.econbiz.de/10013156426

Assessing High House Prices : Bubbles, Fundamentals, and Misperceptions

Himmelberg, Charles P. - 2005

We construct measures of the annual cost of single-family housing for 46 metropolitan areas in the United States over the last 25 years and compare them with local rents and incomes as a way of judging the level of housing prices. Conventional metrics like the growth rate of house prices, the...

Persistent link: https://www.econbiz.de/10012784264

China's Real Estate Market

Liu, Chang - 2018

Since the 1990s, China's real estate market has experienced a dramatic and long-lasting boom across China. This boom has led to substantial concerns in both academic and policy circles that the rising housing prices might have developed into a gigantic housing bubble, which might eventually...

Persistent link: https://www.econbiz.de/10012907440

1
2
3
4
5
6
7
8
9
10
Next
Last