structural search model that allows housing owners to buy second houses to let out, and let rents be determined endogenously. To …In this paper, I explore and explain how buy-to-let investors affect housing price dynamics. The impact of buy …-to-let investors on the housing market is much discussed by policy makers, but previously not considered in the literature. I develop a …

model, the search and matching theory and behavioral economics. Concerning the latter, we propose a new framework to explain …We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed … vacancies in the housing market in the context of prospect theory which could be extended by future research. Second, we …

This chapter surveys the literature on the microstructure of housing markets. It considers one-sided search, random … matching, and directed search models. It also examines the bargaining that takes place once a match has occurred, with the … bargaining taking various forms, including two-party negotiations of different types and multiparty housing auctions. The chapter …

from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can …, indicating the importance of stock-flow matching for understanding housing market dynamics. …This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the …

housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the …

This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables … using a tractable, searchtheoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model … highlights the importance of liquidity spirals that arise from the interaction of search frictions and endogenous credit …

Housing markets of large cities around the world, particularly in so-called developing and emerging countries, are … housing. On the other hand, international real estate investment, particularly in the upper market segment, is strong. The … resulting mismatch of housing demand and supply increases segregation, marginalises the vulnerable and leads to massive urban …

We study sources and consequences of fluctuations in the housing market. The upward trend in real housing prices of the … last 40 years can be explained by slow technological progress in the housing sector. Over the business cycle, housing … demand and housing technology shocks explain one-quarter each of the volatility of housing investment and housing prices …

housing market, such as intensive search and short-selling constraints, to explain the stylized facts. Cheap credit provides a …Housing markets experience substantial price volatility, short-term price change momentum, and mean reversion of prices … bubble. In this chapter, we review the stylized facts of housing bubbles and discuss theories that can potentially explain …