In this paper we study the drivers of fluctuations in the Irish housing market by developing a dynamic stochastic … that housing preference (demand) and technology shocks are the main drivers of fluctuations in house prices and residential … investment. Moreover, we find that adding housing collateral does not improve the fit of our model to the data. A standard …

Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of … credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series …

This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical … model is based on a standard money demand relation which is augmented by housing market variables. In doing so, co … inflation channels, that is, liquidity fuels housing market developments. …

in asset prices, especially as regards housing, though no systematic effects are identified on equity markets …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

common component in the Office of Federal Housing Enterprise Oversight’s house price movements from state- or region …