Economic as well as sociological theory bring some support to the hypothesis that personal home ownership per se makes individuals more responsible to society values and hence less inclined to commit offences against property or commit other kinds of crimes. Departing from this hypothesis, the...

This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property...

This paper evaluates housing policy in the Republic of Korea over the past several decades, describes new challenges arising from the changing environment, and draws lessons for other countries. The most important goals of the housing policy have been to alleviate housing shortages and to...

With the data of housing transaction records of Shanghai during 2004-2015, this paper comprehensively analyzes the housing market in this metropolis, and pays special attention to the market dynamics related to the frequent policy changes. We focus on the secondary market, and build repeat sales...

This paper examines the impacts of local housing sentiments on the housing price dynamics of China. With a massive second-hand transaction dataset, we construct monthly local housing sentiment indices for 17 major cities in China from November 2016 to October 2020. We construct three sentiment...

"Spatial thinking" is increasingly popular in housing market studies and spatial dependence across properties has been widely investigated in the intra-city housing market. The contribution of this paper is to study the spatial dependence and spillover effect of house prices from an interurban...

Using a unique transaction database of condominiums in the Tokyo metropolitan area and a hedonic analytical framework, we find that eco-labelled buildings command a small but significant premium on both the asking and transaction prices. This finding is consistent with results from other...

While aggregate house price indices display time persistence, less is known about micro persistence. This article proposes that absence of micro persistence implies that an excessively high or low sell price in one transaction is not repeated in the next transaction. We exploit a unique...

As the rental housing market moves online, the Internet offers divergent possible futures: either the promise of more-equal access to information for previously marginalized homeseekers, or a reproduction of longstanding information inequalities. Biases in online listings' representativeness...

Traditionally a young family, usually a married couple, purchases a starter home under a shared title, puts up a deposit and pays down the mortgage with a bank until it is owned outright. But skyrocketing house prices prevent many of them from taking this traditional route. In recent years, the...