Housing markets of large cities around the world, particularly in so-called developing and emerging countries, are … housing. On the other hand, international real estate investment, particularly in the upper market segment, is strong. The … resulting mismatch of housing demand and supply increases segregation, marginalises the vulnerable and leads to massive urban …

identify behavioural and Minskyan theories of housing cycles as suitable frameworks to theorise the impact of housing on growth …. However, this literature does not provide an analysis of cross-country differences in housing cycles. Third, drawing on the … CPE literature on housing systems, we argue that institutions such as homeownership rates and mortgage-credit encouraging …

This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the … from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics. …

consistent with micro evidence on housing choices. We find that a decline in the rate of household formation, increased delay in …

and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as …

-generation model with housing. We find that the long-run importance of the introduction of new mortgage products for the aggregate …

that the volume of housing transactions increases when the payment profile is increasing and households have little housing … participation effects without increasing the volatility of the housing market. The model predicts that the expansion of mortgage …

This paper use spatial econometric models to test for racial preferences in a small urban housing market. Identifying … three strategies to redress this problem: (1) we focus on housing price differences across microneighborhoods in the small … have lower housing prices. However, racial price discounts are no longer significant when we account for the spatial …

In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real … increase in the share of housing wealth of almost 8 pp. All of these patterns are broadly in line with the empirical …