Similar Search Results

A Regime Shift Model of the Recent Housing Bubble in the United States

Van Order, Robert - 2006

It has been widely assumed that there was a bubble in the U.S. housing market after1999.This paper analyzes the extent to which that was true. We define a bubble as: (1) a regime shift that is characterized by a change in the properties of deviations from the fundamentals of house price growth,...

Persistent link: https://www.econbiz.de/10009476926

Real Convergence, Price Level Convergence and Inflation Differentials in Europe

Egert, Balazs - 2007

This paper provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors influencing market and non-marketbased service, house...

Persistent link: https://www.econbiz.de/10009477386

Property, Privilege, Bets and Knowledge Utopias

Huston, Simon - 2010

Property is a dual good. It provides both a variety of housing services and, sometimes, investment returns. Premiums are paid for a complex bundle of relative advantages, risks, and opportunities within idiosyncratic, complex, and evolving metropolis. Factors beyond the urban footprint influence...

Persistent link: https://www.econbiz.de/10009448756

Discrete time modeling of subprime mortgage credit / M.C. Senosi

Senosi, Mmamontsho Charlotte - 2010

. In this regard, the subprime mortgage crisis (SMC) shook the foundationsof the financial industry by causing the failure … introduces the IDIOM hypothesisthat postulates that the SMC was largely caused by the intricacy and design of subprime agents,mortgage … (and regret) averse on occasion. The three main aspects of the SMC- subprime mortgage origination, data and bailouts - that …

Persistent link: https://www.econbiz.de/10009455991

Modelling regional housing prices in Spain

Álvarez Román, Laura; García-Posada, Miguel - 2019

We estimate the long-run relationship between real housing prices of new dwellings and their fundamentals in a panel of the 50 Spanish provinces between 1985 and 2018. We fi nd acointegrating relationship between real house prices and per capita real income, unemployment rate and demographic...

Persistent link: https://www.econbiz.de/10012523680

Foreign investment in the residential real estate market in Spain between 2007 and 2019

Álvarez Román, Laura; Blanco Escolar, Roberto; …

Artículo de revista ; This article analyses changes in investment by foreigners in the residential real estate market in Spain between 2007 and 2019. Two indicators are used for this purpose: gross purchases by foreigners as a percentage of total transactions and net purchases (purchases less...

Persistent link: https://www.econbiz.de/10012524817

Recent developments in real estate investment trusts in Spain

García-Vaquero Álvaro, Víctor; Roibás Millán, Irene

Artículo de revista ; Real estate investment trusts in Spain (SOCIMIs by their Spanish abbreviation) are instruments for investing in real estate assets which were regulated for the first time in Spain in 2009. They have grown rapidly in recent years to reach a relative size, approximated by...

Persistent link: https://www.econbiz.de/10012525039

House prices and real interest rates in Spain

Ayuso Huertas, Juan; Blanco Escolar, Roberto; Restoy … - 2006

This paper analyses the contribution of interest rates to explain recent house price developments in Spain trying to reconcile different pieces of evidence. On the one hand, empirical evidence supports the view that interest rates are a key variable to explain house price developments. As a...

Persistent link: https://www.econbiz.de/10012529523

House prices and employment reallocation : international evidence

Bover Hidiroglu, Olympia; Jimeno Serrano, Juan F. - 2007

Over the last decade house prices increased remarkably in many countries. However, while in several countries there was an employment boom in the construction sector, in others the share of employment in this sector did not significantly change. In this paper we estimate a model of labor demand...

Persistent link: https://www.econbiz.de/10012530159

Has the Fed responded to house and stock prices? : a time-varying analysis

Aastveit, Knut Are; Furlanetto, Francesco; Loria, Francesca

En este trabajo utilizamos un modelo VAR estructural con parámetros variables en el tiempo y volatilidad estocástica para investigar si la Reserva Federal ha respondido sistemáticamente a los precios de los activos y si esta respuesta ha cambiado con el tiempo. Para recuperar el componente...

Persistent link: https://www.econbiz.de/10012530552

1
2
3
4
5
6
7
8
9
10
Next
Last