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de-tailed housing price data for 87 German cities over 1995-2014. We show that house prices and key demographic variables … lower in cities that age more rapidly. Population aging has heterogeneous effects across housing segments: sales price …
Persistent link: https://www.econbiz.de/10011577355
de-tailed housing price data for 87 German cities over 1995-2014. We show that house prices and key demographic variables … lower in cities that age more rapidly. Population aging has heterogeneous effects across housing segments: sales price …
Persistent link: https://www.econbiz.de/10011576969
Purpose – This paper aims to draw the disciplines of demography and housing research closer together and looks to … factors including economic and political variables, considerable differences in housing values between different suburbs can …
Persistent link: https://www.econbiz.de/10014777858
2011, covers the last part of the housing boom, the bust of 2008, and the subsequent recovery. In terms of empirical … a hedging model where higher rent volatility in some housing submarkets pushes people to buy in order to lock in future …
Persistent link: https://www.econbiz.de/10011397314
Individual sales prices and local vacancy rates in the housing market pose a natural analogy to the wage curve, a … popular concept in labor economics that describes how individual wages decrease with higher local unemployment. While housing … search and matching models and housing externalities strongly suggest a stable inverse relationship, there is still a lack of …
Persistent link: https://www.econbiz.de/10011571075
This paper assesses the linkages between money, credit, house prices and economic activity in industrialised countries over the last three decades. The analysis is based on a fixed-effects panel VAR estimated using quarterly data for 17 industrialized countries spanning the period 1970-2006. The...
Persistent link: https://www.econbiz.de/10011604934
Panel Probit model over the period 1980-2007. It finds that 1) most recent housing booms have been very persistent and of a …
Persistent link: https://www.econbiz.de/10011605117
This paper studies the role of the Community Reinvestment Act (CRA) in the US housing boom-bust cycle. I find that the … in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …
Persistent link: https://www.econbiz.de/10012140500
Demographic and institutional elements as important drivers of the housing market should not be neglected since it is … not only financial and monetary elements that matter in the case of the housing market. In this context, one relationship …, which still remains unclear, is the relationship between the housing and the labour markets. Some research has been under …
Persistent link: https://www.econbiz.de/10011891340
over housing types. In the absence of both financial restrictions and constraints on house characteristics, higher income … households are more likely to own and lower quality housing is more likely to be rented. Calibrated to match average features of … housing markets within U.S. cities, the model is qualitatively consistent with U.S. data on the relationships between observed …
Persistent link: https://www.econbiz.de/10011939447