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Mortgage Innovation and House Price Booms
Bäckman, Claes - 2020
We study the genesis of the 2000s housing boom in Denmark, a country with a similar mortgage finance system to the U.S., but where subprime mortgages were absent, regulatory loan-to-value ratios were unchanged, and there was no reallocation of credit towards low income borrowers. Our results...
Persistent link: https://www.econbiz.de/10012855847
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Non-Recourse Mortgage Law and Housing Speculation
Nam, Tong-yob - 2020
Borrowers in states with non-recourse mortgage law face limited liability on their mortgage loans. We show that non-recourse law causes larger swings in housing prices by encouraging speculative investments when housing markets are in a boom cycle. We find that mortgage lending pricing does not...
Persistent link: https://www.econbiz.de/10012856960
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House price bubble detection in Ukraine
Shmygel, Alona - 2022
In this article, we developed a reliable method to detect house price bubbles using data for the largest Ukrainian … a bubble may be forming. In this paper, house price bubbles are detected with the help of two general approaches: ratio … prolonged period of house price bubbles is the one that coincides in time with the Global Financial Crisis - from late 2005 to …
Persistent link: https://www.econbiz.de/10013393559
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Foreclosure Externalities and Home Liquidity
Bian, Xun - 2019
We study the external impact of foreclosures, exploring how foreclosed properties affect the liquidity of nearby homes. Empirically, we find a foreclosure increases a nearby home's time-on-market by approximately 30%, on average, which is primarily driven by a disamenity effect. There is...
Persistent link: https://www.econbiz.de/10012870826
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Property finance in Japan : expansion and collapse of the bubble economy
Oizumi, Eiji - 1993
Persistent link: https://www.econbiz.de/10000861266
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The effect of bank credit on asset prices : evidence from the Japanese real estate boom during the 1980s
Mora, Nada - In: Journal of money, credit and banking : JMCB 40 (2008) 1, pp. 57-87
Persistent link: https://www.econbiz.de/10003636035
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The effects of a declining housing market on the US economy
Papadimitriou, Dimitri Basil (contributor);  … - 2007
Longstanding speculation about the likelihood of a housing market collapse has given way in the past few months to consideration of just how far the housing market will fall, and how much damage the debacle will inflict on the economy. This paper assesses the magnitude of the impact of housing...
Persistent link: https://www.econbiz.de/10003727033
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Housing wealth isn't wealth
Buiter, Willem H. - 2008
Persistent link: https://www.econbiz.de/10003739213
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Housing wealth isn't wealth
Buiter, Willem H. - 2008
Persistent link: https://www.econbiz.de/10003742731
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The role of lenders in the home price boom
Rosen, Richard Joseph (contributor) - 2008
This paper examines the relationship between real estate prices during the home price boom from the late 1990s into 2005 and competition among mortgage lenders. The mortgage lending business, especially with the rise of the originate-to-distribute model, had competitors with very different...
Persistent link: https://www.econbiz.de/10003786287