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Housing inequality and how fiscal policy shapes it : evidence from Belgian real estate

Domènech-Arumí, Gerard; Gobbi, Paula E.; Magerman, Glenn - 2022

Persistent link: https://www.econbiz.de/10013415115

A high resolution agent‐based model of the Hungarian housing market

Mérő, Bence; Borsos, András; Hosszú, Zsuzsanna; … - 2022

This paper presents a complex, modular, 1:1 scale model of the Hungarian residential housing market. All the 4 million house‐ holds and their relevant characteristics are represented based on empirical micro‐level data coming from the Central Credit Information System, the Pension Payment...

Persistent link: https://www.econbiz.de/10013402087

Illiquidity and its Discontents : Trading Delays and Foreclosures in the Housing Market

Hedlund, Aaron - 2015

This paper investigates the macroeconomic effects of search risk in the housing market. To do so, I introduce a tractable directed search model of housing with multidimensional buyer and seller heterogeneity. I incorporate this framework in an incomplete markets macroeconomic model with...

Persistent link: https://www.econbiz.de/10013037619

The effects of macroprudential policies on house price cycles in an agent-based model of the Danish housing market

Cokayne, Graeme - 2019

Following the global financial crisis, many countries have introduced or tightened macroprudential policies. Using an agentbased model (ABM), this paper seeks to measure the impact on house price cycles of two distinct borrower-based macroprudential instruments, namely loan-to-income and...

Persistent link: https://www.econbiz.de/10012017491

Inequality in nineteenth century Manhattan : evidence from the housing market

Gray, Rowena - 2020

Historical inequality is difficult to measure, especially at the sub-country level and beyond the top income shares …. This paper presents new evidence on the level of inequality in Manhattan from 1880 to 1910 using housing rents. Rental … measure of consumption inequality at the household level which helps to develop the picture of urban inequality for this …

Persistent link: https://www.econbiz.de/10012170449

The Distributional Impact of the Sharing Economy on the Housing Market

Calder-Wang, Sophie - 2021

What is the impact of the sharing economy, pioneered by companies such as Airbnb, on the housing market? In this paper, I estimate the welfare and distributional impact of Airbnb on the residents of New York City. I develop a model of an integrated housing market, in which a landlord can offer a...

Persistent link: https://www.econbiz.de/10013215417

The drivers of Norway's house prices

Sila, Urban - 2020

In this paper, we explore the drivers of house prices in Norway, using a cross-country panel framework. Empirical results confirm that house prices are determined by numerous demand and supply factors, including income, demographics, macroeconomic conditions, stock of housing and institutional...

Persistent link: https://www.econbiz.de/10012203289

Monopoly in Real Life - The Housing Market, Finance and Inequality

Baur, Dirk G. - 2019

inequality. Simulations show that the inequality depends on the timing and distribution of home ownership, house price growth and … rates increase house prices and thus inequality by more than high interest rates. The model is also used to analyze the role …

Persistent link: https://www.econbiz.de/10012902176

Is This Time the Same? Housing Market Performance during SARS and COVID-19

Lu, Siru; Wang, Chongyu; Wong, Siu Kei; Shi, Shuai - 2022

This paper examines housing market responses to two outbreaks of respiratory diseases in Hong Kong during the Information Era—the 2003 SARS and COVID-19 outbreaks. The local housing market has withstood both epidemics, and correlated policy measures and collective responses to epidemic events...

Persistent link: https://www.econbiz.de/10014077640

Sales Concessions in the US Housing Market

Hayunga, Darren K. - 2017

This article examines the use of concessions in the US housing market, specifically payments for closing costs, home warranties, and structural repairs. This is the first study to examine the motivations and characteristics of homeowners that utilize concessions. It also examines the impact...

Persistent link: https://www.econbiz.de/10012965171