during busts. The standard model of housing demand treats housing as a quantity of "housing services", an imaginary … housing services as fixed is able to do this. This is shown by means of a formal analysis of a model in which households that … differ in income are allocated over a given housing stock. In particular, the model predicts that the price of housing as a …

often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing … all parts of the housing market. Our approach is based on a generalization of the familiar (constant unit price) Muth … model to a situation of in which the unit price of housing services may depend on the quality level. We apply the method to …

We present a modified open monocentric city model that assumes that land is available for conversion into new housing … throughout the city. The model predicts that positive local income shocks (i) increase the city’s share of multi-family housing … Housing Survey from 1984 to 2004 and find support for both predictions. We confirm that the adjustment process is driven by …

, combining German and Dutch real estate datasets, we study the jump in the housing price occurring at the border. Using different … estimation strategies, we find that ask prices of comparable housing drop by about 16% when one crosses the Dutch-German border …

have more difficulties in explaining short run developments of the housing markets. However, the fact that during such …. We also show that commonly used housing market indicators, notably the number of vacancies (houses for sale) and the time …

-2013. Next, combining German and Dutch real estate datasets, we study the jump in the housing price occurring at the border …. Using different estimation strategies, we find that ask prices of comparable housing drop by about 16% when one crosses the …

We present a modified open monocentric city model that assumes that land is available for conversion into new housing … throughout the city. The model predicts that positive local income shocks (i) increase the city's share of multi-family housing … Housing Survey from 1984 to 2004 and find support for both predictions. We confirm that the adjustment process is driven by …

We present a modified open monocentric city model that assumes that land is available for conversion into new housing … throughout the city. The model predicts that positive local income shocks (i) increase the city’s share of multi-family housing … Housing Survey from 1984 to 2004 and find support for both predictions. We confirm that the adjustment process is driven by …

have more difficulties in explaining short run developments of the housing markets. However, the fact that during such …. We also show that commonly used housing market indicators, notably the number of vacancies (houses for sale) and the time …

often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing … all parts of the housing market. Our approach is based on a generalization of the familiar (constant unit price) Muth … model to a situation of in which the unit price of housing services may depend on the quality level. We apply the method to …