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The reaction speeds of prices and transaction volume in the Finnish housing market to demand shocks

Oikarinen, Elias - Turun Kauppakorkeakoulu, Turun Yliopisto - 2009

This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … market using data from Finland. While the previous related literature studies the reactions of sales volume and prices to an …-error correction model, the response of prices to demand shocks is found to be substantially slower than that of sales. The effect of a …

Persistent link: https://www.econbiz.de/10008466891

Self-reinforcing effects between housing prices and credit

Anundsen, André K.; Jansen, Eilev S. - In: Journal of Housing Economics 22 (2013) 3, pp. 192-212

The financial crisis has brought the interaction between housing prices and household borrowing into the limelight of the economic policy debate. This paper examines the nexus of housing prices and credit in Norway within a structural vector equilibrium correction model (SVECM) over the period...

Persistent link: https://www.econbiz.de/10010875233

Urbanisme d'aujourd'hui et prix immobiliers

Lacaze, Jean-Paul - In: Revue d'économie régionale et urbaine juillet (2004) 3, pp. 437-452

Second-hand housing markets are to-day the regulations of local systems lf land and housing prices. They disclose the appreciations by the citizens of the urban qualities of quarters. The choices of these citizens are mostly determined by non-economic factors : the financial constraint, which...

Persistent link: https://www.econbiz.de/10011020131

Spatial and hedonic analysis of house price dynamics in Warsaw

Waszczuk, Joanna; Olszewski, Krzysztof; Widłak, Marta - Narodowy Bank Polski - 2015

The aim of our article is to analyze the dynamics of housing prices in the secondary housing market in Warsaw from Q1 …

Persistent link: https://www.econbiz.de/10011212536

Identifying Booms and Busts in House Prices under Heterogeneous Expectations

Bolt, Wilko; Demertzis, Maria; Diks, Cees; Hommes, Cars; … - Tinbergen Instituut - 2014

We introduce heterogeneous expectations in a standard housing market model linking housing rental levels to fundamental buying prices. Using quarterly data we estimate the model parameters for eight different countries, US, UK, NL, JP, CH, ES, SE and BE. We find that the data support...

Persistent link: https://www.econbiz.de/10011272607

Housing Price and Investment Dynamics in Finland

André, Christophe; García, Clara - Economics Department, Organisation de Coopération et … - 2012

The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing prices and investment recovered to reach new peaks. This paper uses a small econometric model to assess the role of fundamentals in housing price and investment developments....

Persistent link: https://www.econbiz.de/10011276861

A Revival of the Private Rental Sector of the Housing Market?: Lessons from Germany, Finland, the Czech Republic and the Netherlands

Boer, Rik de; Bitetti, Rosamaria - Economics Department, Organisation de Coopération et … - 2014

This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second...

Persistent link: https://www.econbiz.de/10011276945

Maintaining an Efficient and Equitable Housing Market in Belgium

Zwart, Sanne - Economics Department, Organisation de Coopération et … - 2015

réorientation de la fiscalité des taxes sur les transactions immobilières vers les impôts récurrents contribuerait à abaisser les …

Persistent link: https://www.econbiz.de/10011276969

The reliability of self-reported home values in a developing country context

Quintana, Climent; González, Marco - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

We analyze the reliability of homeowners¿ estimates of the value of their houses, in a household survey (of poor suburbs) of a developing country. We show that non-response to the home value question by the owner is uncorrelated with the appraised value of the house and other demographic...

Persistent link: https://www.econbiz.de/10005212565

Getting at Systemic Risk via an Agent-Based Model of the Housing Market

Geanakoplos, John; Axtell, Robert; Farmer, Doyne J.; … - Cowles Foundation for Research in Economics, Yale University - 2012

Systemic risk must include the housing market, though economists have not generally focused on it. We begin construction of an agent-based model of the housing market with individual data from Washington, DC. Twenty years of success with agent-based models of mortgage prepayments give us hope...

Persistent link: https://www.econbiz.de/10009653366

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