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Global Capital and Local Assets : House Prices, Quantities, and Elasticities
Gorback, Caitlin S. - 2020
reversing with the onset of the U.S.-China trade war. Second, we use international tax policy changes as a U.S. housing demand …
Persistent link: https://www.econbiz.de/10012481565
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Evaluating Conditions in Major Chinese Housing Markets
Wu, Jing - 2010
High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price-to-rent ratios in Beijing and seven other large markets across...
Persistent link: https://www.econbiz.de/10012462467
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Rural-Urban Migration, Structural Transformation, and Housing Markets in China
Garriga, Carlos - 2017
This paper explores the contribution of the structural transformation and urbanization process to China's housing …
Persistent link: https://www.econbiz.de/10012453892
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Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
Deng, Yongheng - 2011
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10012461787
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Immediate and Longer-Term Housing Market Effects of a Major U.S. Airport Closure
Cohen, Jeffrey P.; Coughlin, Cletus Charles; Crews, Jonas; … - National Bureau of Economic Research - 2021
A busy airport's closure has large effects on noise, real estate markets, and neighborhood demographics. Using a unique dataset, we examine the effects of closing Denver's Stapleton Airport on nearby housing markets. We find evidence of immediate anticipatory price effects upon announcement, but...
Persistent link: https://www.econbiz.de/10012660063
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The 2000s Housing Cycle With 2020 Hindsight : A Neo-Kindlebergerian View
Chodorow-Reich, Gabriel; Guren, Adam M.; McQuade, Timothy - National Bureau of Economic Research - 2021
With "2020 hindsight," the 2000s housing cycle is not a boom-bust but rather a boom- bust-rebound at both the national level and across cities. We argue this pattern reflects a larger role for fundamentally-rooted explanations than previously thought. We construct a city-level long-run...
Persistent link: https://www.econbiz.de/10012616588
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Housing Market Expectations
Kuchler, Theresa; Piazzesi, Monika; Stroebel, Johannes - National Bureau of Economic Research - 2022
We review the recent literature on the determinants and effects of housing market expectations. We begin by providing an overview of existing surveys that elicit housing market expectations, and discuss how those surveys may be expanded in the future. We then document a number of facts about...
Persistent link: https://www.econbiz.de/10013191003
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The Marginal Cost of Mortality Risk Reduction : Evidence from Housing Markets
Bishop, Kelly C.; Kuminoff, Nicolai V.; Mathes, Sophie; … - National Bureau of Economic Research - 2021
We provide the first evidence that spatial variation in all-cause mortality risk is capitalized into US housing prices. Using a hedonic framework, we recover the annual implicit cost of a 0.1 percentage-point reduction in mortality risk among older Americans and find that this figure is both...
Persistent link: https://www.econbiz.de/10012794649
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Dynamism Diminished : The Role of Housing Markets and Credit Conditions
Davis, Steven J. - 2019
The Great Recession and its aftermath saw the worst relative performance of young firms in at least 35 years. More broadly, as we show, young-firm activity shares move strongly with local economic conditions and local house price growth. In this light, we assess the effects of housing prices and...
Persistent link: https://www.econbiz.de/10012479422
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How Do Foreclosures Exacerbate Housing Downturns?
Guren, Adam M. - 2019
This paper uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing bust and to analyze foreclosure mitigation policy. We consider a dynamic search model in which foreclosures freeze the market for non-foreclosures and reduce price and sales...
Persistent link: https://www.econbiz.de/10012480160