determines when the land premium paid by a developer is substantially higher than the market value, whether and how this "paper … loss" will affect the pricing of the housing products and development time of the project in future development. We use a … pattern in housing markets. …

with search in the housing market and defaultable long-term mortgages. In equilibrium, both sellers' asking prices and time …-to-sell increase with the relative size of their outstanding mortgages. In turn, the liquidity of the housing market associated with … time-to-sell determines the mortgage standards of competitive lenders, measured by the maximum loan-to-value (LTV) ratio …

period 2005 (pre-crisis) through 2010/2011. MSAs are categorized into those where the housing market declined first, those … housing crises varied by MSA; and 2) the association between the timing of the labor market and housing crises and changes in …It is now well-established that the U.S. housing market crisis preceded the labor market crisis and that, in the wake …

of housing market conditions - as measured by MSA-level housing prices, rents, and foreclosure rates - on this decision …The housing and labor market crises of the late 2000s left few families and individuals unscathed. In the wake of these …. The analysis spans the period 2005 (pre-crisis) through 2011. Within this time period, all MSAs experienced a rise in …

This paper examines whether effects of labor demand shocks on housing prices vary across time and space. Using data on … statistical area-level employment and total labor income on housing prices. Instrumental variable estimates for different time …-share instrument. Results suggest that labor demand shocks have positive effects on housing prices. However, these effects appear to …

Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic … housing units being 3 times higher than 10 years ago. This trend is supported by both internal and external factors, as … illustrated in this paper. By providing a theoretical model and empirical analysis on the key variables influencing housing prices …

The objective of this research is to analyse the factors that have influenced on housing market in Spain after the … the possible existence of a housing bubble. …

Measuring change in the price of housing is an important and notoriously difficult task for national statistical … agencies. Different approaches have been attempted, but suffer from known weaknesses. This article suggests dividing housing … purchasing price and the interest rate, and lead us to the construction of a consumption cost index. We show that over the …

the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration … prices and quantities in the housing market. Between 1998 and 2008, the average Spanish province received an immigrant inflow … responsible for 37% of the total construction of new housing units during the period. These figures imply that immigration can …