Britain's crisis of housing affordability is nothing to do with foreign speculators, according to Paul Cheshire. Rather …, it is a result of decades of misguided planning policies that constrain the supply of land and turn houses into something …

Abstract:We develop a model of the housing market that features both financial and matching frictions. In the model …, risk-averse households may save or borrow in order to smooth consumption over time and finance owner housing. Each … household either rents or owns its house. Some renter households become dissatisfied with rental housing and want to buy a house …

This paper develops a model of the housing market that takes account of population density to assess the impact of … population changes on the value and size of the housing stock. The model implies that if population density is on an upward … housing. This has implications for the optimal structure of housing finance. It amkes equity financing of home purchase more …

price correction in these segments spills over into other markets. The country benefits from a sound and effective housing … on loan losses would better align private and social interests. There may be a shortage of rental housing in several … cities, especially in the range that low-income households can afford. Urban planning policies have resulted in low …

hedge against housing-related changes of the US consumer price index. …

asset prices, especially as regards housing, though no systematic effects are identified on equity markets. Significant …

in asset prices, especially as regards housing, though no systematic effects are identified on equity markets …

in asset prices, especially as regards housing, though no systematic effects are identified on equity markets …