Showing 1 - 10 of 192
as well as the number of houses sold. According to the estimated model, shocks to market fundamentals (the mortgage rate …
Persistent link: https://www.econbiz.de/10013144816
!reased demand for mortgage loans is caused by substitution from other forms of consumercredit. Contrary to results reported in the …
Persistent link: https://www.econbiz.de/10010325002
bubbles’ the spatial pattern of house prices, which can mainly be attributed to accessibility differences, usually remains … (notably income and the mortgage interest rate) would suggest a much more modest development of house prices over these years …
Persistent link: https://www.econbiz.de/10010325383
I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in a redistributive growth model by introducing exposure of households and firms to extreme weather events, that damage their housing capital and physical capital, respectively....
Persistent link: https://www.econbiz.de/10014351282
as well as the number of houses sold. According to the estimated model, shocks to market fundamentals (the mortgage rate …
Persistent link: https://www.econbiz.de/10010325697
identify temporary house price bubbles, amplified by trend extrapolation, and crashes reinforced by fundamentalists. The … implications. The fundamental price becomes unstable, e.g. when the interest rate is set too low or mortgage tax deductions too …
Persistent link: https://www.econbiz.de/10010491386
In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the Netherlands, where real house prices have roughly...
Persistent link: https://www.econbiz.de/10010325241
This paper estimates the impact of the murder of film maker Theo vanGogh on November 2, 2004, on listed house prices in Amsterdam with aunique dataset. We use an hedonic-market approach to show that gen-eral attitudes towards Muslim minorities were negatively affected by themurder. Specifically,...
Persistent link: https://www.econbiz.de/10010325456
In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect of list-price reductions to test for the...
Persistent link: https://www.econbiz.de/10010325814
This paper identifies the role of cultural diversity in explaining spatial disparities in wages and housing prices across Dutch cities, using unique individual panel data of home owners. We distinguish between the effects of interactions-based productivity, consumption amenities and sorting of...
Persistent link: https://www.econbiz.de/10010326320