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Fluktuationen des Wohnimmobilienmarktes: mikroökonomische Grundlagen und makroökonomische Auswirkungen. Forschungsvorhaben i. A. des Bayerischen Staatsministeriums für Wirtschaft,...

Rady, Sven; Rußig, Volker - 2004

Die Dynamik des Wohnimmobilienmarktes wird insbesondere durch die Veränderung der Einkommen junger Haushalte bestimmt. Zu diesem Ergebnis kommt eine neue Studie des ifo Instituts über "Fluktuationen des Wohnimmobilienmarktes", in der ein für die USA und Großbritannien entwickelter...

Persistent link: https://www.econbiz.de/10011698380

Boom in, bust out : young households and the housing price cycle

Ortalo-Magné, François; Rady, Sven - 1998

Persistent link: https://www.econbiz.de/10000168053

Housing market dynamics : on the contribution of income shocks and credit constraints

Ortalo-Magné, François; Rady, Sven - In: The review of economic studies 73 (2006) 2, pp. 459-485

Persistent link: https://www.econbiz.de/10003309446

Housing market dynamics : on the contribution of income shocks and credit constraints

Ortalo-Magné, François; Rady, Sven - 2001

This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement. The market interaction of young credit-constrained...

Persistent link: https://www.econbiz.de/10011398664

Homeownership : low household mobility, volatile housing prices, high income dispersion

Ortalo-Magné, François; Rady, Sven - 2002

We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...

Persistent link: https://www.econbiz.de/10011514075