This paper provides new estimates of the housing stock, construction rates and price developments by city tier in China … construction. We argue that China overall faces imbalances between supply and demand for housing stock, but the problem is … China's GDP and its housing stock …

sectors. This paper is about economic behaviors that anticipate technical progress, and how they may describe the housing … price and construction boom of 2000-2006 and the bust thereafter. Specifically, I note that only a minority of housing … mortgage and real estate industries have the potential to both move housing prices and non-residential consumption in the same …

This paper provides a search model for housing market where the number of buyers and/or sellers plays very important … the sale prices of the housing market; (2) a larger housing market has a lower average sale price, shorter time …-to-sale and smaller price dispersion, in addition to a lower vacancy rate. (3) In a larger housing market, when the unemployment …

This paper studies expectations of capital appreciation in the housing market. We show that expectations impounded in … for cross-sectional differences in the quality of rental versus owner-occupied housing. We also demonstrate that observed …, we provide evidence consistent with euphoria: participants in housing markets appear to overreact to income growth …

How can mortgages be redesigned to reduce housing market volatility, consumption volatility, and default? How does … aggregate shocks, long-term mortgages, and an equilibrium housing market, focusing on designs that index payments to monetary …-loading alleviates household liquidity constraints in states where they are most binding, reducing default and stimulating housing demand …

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 … housing market, such as intensive search and short selling constraints, to explain the stylized facts. Cheap credit provides a …

mispricing in the housing market. We document that out-of-town second house buyers behaved like misinformed speculators and drove …

agents have a lower probability of selling, and this effect is strongest during the housing bust. We then study the aggregate … implications of the distribution of agents' experience on housing market liquidity by building a dynamic entry and exit model of …

foreign demand affects U.S. housing markets, and uses this demand shock to estimate local price elasticities of supply. Other … countries introduced foreign-buyer taxes meant to deter Chinese housing investment beginning in 2011. We first show house prices … reversing with the onset of the U.S.-China trade war. Second, we use international tax policy changes as a U.S. housing demand …