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Housing affordability in Germany and its dynamics

Balz, Felix Florian - In: Prague economic papers : a bimonthly journal of … 34 (2025) 1, pp. 78-97

The study examines housing affordability in Germany from 2017 to 2023 in light of rising real estate prices and challenges in the housing market. It uses the Housing Affordability Index to identify trends and patterns and propose policy measures to tackle the problems. The results show regional...

Persistent link: https://www.econbiz.de/10015413424

Housing Prices, Household Debt and Household Consumption

Atalay, Kadir - 2017

This research investigated the relationship between increasing housing prices (or housing wealth) and the increased consumption expenditure of households from before the GFC and afterwards. The analysis revealed that following the GFC, old and middle-aged households showing slightly lower...

Persistent link: https://www.econbiz.de/10012954616

Chapter 15. How Mortgage Finance Affects the Urban Landscape

Chan, Sewin; Haughwout, Andrew; Tracy, Joseph - In: Handbook of regional and urban economics : volume 5, (pp. 987-1045). 2015

This chapter considers the structure of mortgage finance in the United States and its role in shaping patterns of … homeownership, the nature of the housing stock, and the organization of residential activity. We start by providing some background … on the design features of mortgage contracts that distinguish them from other loans and that have important implications …

Persistent link: https://www.econbiz.de/10014025300

Non-Primary Home Buyers, Shadow Banking, and the US Housing Market

Alter, Adrian; Dernaoui, Zaki - 2021

This paper studies the US housing market using a proprietary and comprehensive dataset covering nearly 90 million residential transactions over 1998-2018. First, we document the evolution of different types of investment purchases such as those conducted by short-term buyers, out-of-state...

Persistent link: https://www.econbiz.de/10013315117

Supply restrictions, subprime lending and regional US house prices

Anundsen, André Kallåk; Heebøll, Christian - 2015

, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …

Persistent link: https://www.econbiz.de/10010488113

Bank failures, capital buffers, and exposure to the housing market bubble

Kara, Gazi I.; Vojtech, Cindy M. - 2017

have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last … stronger capital buffers. Our results suggest that there is scope for improved measures of mortgage loan risk that could be …

Persistent link: https://www.econbiz.de/10011803674

Monetary policy and real estate price distortions : how bank lending amplifies housing market imbalances

Baye, Vera; Dinger, Valeriya - 2025

We empirically document deviations of residential real estate prices from fundamental values at the micro level and investigate their relationship with local bank lending growth during a period of unconventional monetary policy. Our findings indicate a positive relationship between credit growth...

Persistent link: https://www.econbiz.de/10015397364

Villains or scapegoats? : the role of subprime borrowers in driving the U.S. housing boom

Conklin, James; Frame, W. Scott; Gerardi, Kristopher; … - 2018

An expansion in mortgage credit to subprime borrowers is widely believed to have been a principal driver of the 2002 … purchase mortgages to subprime borrowers. We also document that the expansion in speculative mortgage products and underwriting …

Persistent link: https://www.econbiz.de/10011895606

Default, mortgage standards and housing liquidity

Head, Allen; Sun, Hongfei; Zhou, Chenggang - 2016

time-to-sell determines the mortgage standards of competitive lenders, measured by the maximum loan-to-value (LTV) ratio …

Persistent link: https://www.econbiz.de/10011487312

Mortgage Leverage and House Prices

Johnson, Stephanie - 2020

I measure the effect of mortgage debt-to-income restrictions on house prices using a change in the eligibility …

Persistent link: https://www.econbiz.de/10012841541