The main aim of this paper is to identify the underlying reasons for the cyclical nature of the Hungarian housing … conducted based on analysis of statistical data and of the housing market indices. As a result, it can be stated that cyclic … behaviour of the housing market may be explained primarily with business cycles, but state subsidies and mortgages also affect …

shifts in the distribution of wealth during the years around the Great Recession. We replicate the dynamics of the housing … market using shocks to aggregate income, the distribution of income, credit conditions, and expectations of future housing … mortgage debt, default rates, and housing holdings by households at the bottom of the wealth distribution. The boom in house …

Using detailed micro data at the ZIP code level, this article explores the regional variation in housing market … analysis at the county level, is useful for evaluating the performance of the housing market because credit and local … macroeconomic variables are tied to housing valuations. The deterioration of the ability to transact (buy and sell) housing units …

This paper considers the role of the real housing price in the Great Depression. More specifically, we examine … structural stability of the relationship between the real housing price and real GDP per capita. We test for structural change in … relationships between the real housing price and real GDP per capita to determine if these relationships experienced structural …