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A dynamic model of house price
Wang, Zigan; Zhu, Youwei - Volkswirtschaftliche Fakultät, … - 2011
In this paper, we build the rationale of the financial intermediate's decision of making loans to potential home buyers over an infinite time horizon. In the first period "good" borrowers with stable future income flows receive loans and buy homes. In later periods, the intermediate securitizes...
Persistent link: https://www.econbiz.de/10009353531
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Housing price and entrepreneurship in China
Li, Lixing; Wu, Xiaoyu - In: Journal of Comparative Economics 42 (2014) 2, pp. 436-449
Housing price has increased dramatically in China during the past decade. The appreciation of house value could relax credit constraint and thus encourage entrepreneurship. However, a house serves as both an important investment channel and a prerequisite for marriage in China. The continuous...
Persistent link: https://www.econbiz.de/10010778534
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The housing market and housing policies in Japan
Kobayashi, Masahiro - 2016
Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing...
Persistent link: https://www.econbiz.de/10011441128
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Is there discriminatory mortgage pricing against immigrants in the Spanish lending market?
Diaz-Serrano, Luis; Raya, Josep Maria - 2011
In this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage … mortgagors. We observe that immigrants are systematically charged with higher interest rates. We apply the well known Oaxaca …-Blinder decomposition to measure the extent to which this disparate treatment of lenders in mortgage pricing against immigrants is due to …
Persistent link: https://www.econbiz.de/10011523824
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Can the Mortensen-Pissarides model match the housing market facts?
Lisi, Gaetano - 2012
This paper examines whether the Mortensen-Pissarides matching model can account for the housing markets facts, most of all the empirical anomaly known as ‘price dispersion’. Our main finding is that the model can account for the three basic facts of housing market, without any restrictive...
Persistent link: https://www.econbiz.de/10011524919
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The effect of the Theo van Gogh murder on house prices in Amsterdam
Gautier, Pieter; Siegmann, Adriaan Hendrik; Vuuren, Aico van - 2007
This paper estimates the impact of the murder of film maker Theo vanGogh on November 2, 2004, on listed house prices in Amsterdam with aunique dataset. We use an hedonic-market approach to show that gen-eral attitudes towards Muslim minorities were negatively affected by themurder. Specifically,...
Persistent link: https://www.econbiz.de/10011350359
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The effect of consumers' expectations in a booming housing market
Rouwendal, Jan; Longhi, Simonetta - 2007 - This version: September 26, 2007
Even though economic models have been relatively successful in explaining the long run patterns of house prices, they have more difficulties in explaining short run developments of the housing markets. However, the fact that during such ‘bubbles’ the spatial pattern of house prices, which...
Persistent link: https://www.econbiz.de/10011372973
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Transaction costs in housing markets
Ommeren, Jos van - 2008
According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low levels of taxation may be potentially justified to deal with the presence of externalities and economic stability. This is in contrast to practise in most countries where...
Persistent link: https://www.econbiz.de/10011377118
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Housing policies in Hong Kong, China and the People's Republic of China
Li, Jing - 2016
This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property...
Persistent link: https://www.econbiz.de/10011453313
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Social networks and housing markets
Bailey, Michael; Cao, Ruiqing; Kuchler, Theresa; … - 2016
The recent house price experiences within an individual's social network affect her perceptions of the attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine anonymized social network information from Facebook with...
Persistent link: https://www.econbiz.de/10011476018