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loss" will affect the pricing of the housing products and development time of the project in future development. We use a … pattern in housing markets. …
Persistent link: https://www.econbiz.de/10011591060
Hedonic house price indices adjust the average sales prices for the change in the quality of the property sold over time. This paper proposes a framework to disentangle the contribution of each individual dwelling characteristic to this quality change. We apply our framework to a unique dataset...
Persistent link: https://www.econbiz.de/10013193786
index family is considered to be a novelty among Hungarian housing market statistics in several regards. Firstly, the … developments by region and settlement type, which sheds light on the strong regional heterogeneity underlying Hungarian housing …
Persistent link: https://www.econbiz.de/10011647653
This paper shows that macroeconomic uncertainty affects the housing market in two significant ways. First, uncertainty … shocks adversely a¤ect housing prices but not the quantities that are traded. Controlling for a broad set of variables in … fixed-effects regressions, we find that uncertainty shocks reduce both housing prices and median sales prices in the amount …
Persistent link: https://www.econbiz.de/10011662874
in the interplay between housing demand and supply and GDP growth on house prices for the time period 1981- 2014. We … the current housing price boom. We find that 40% of house price variations can be explained by changes in demand and … supply for housing. Furthermore, the response of house prices to mortgage rate shocks weakened after the 1990s real estate …
Persistent link: https://www.econbiz.de/10010526684
The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks …
Persistent link: https://www.econbiz.de/10009764458
Disequilibrium in the housing market can be detected by comparing the actual price-rent ratio with its equilibrium …
Persistent link: https://www.econbiz.de/10010359516
This paper examines whether the Mortensen-Pissarides matching model can account for the housing markets facts, most of … facts of housing market, without any restrictive assumption and in a very simple framework. …
Persistent link: https://www.econbiz.de/10011524919
-family housing in Germany. Construction activity in local housing markets (measured by new housing permits related to the local … housing stock) is modeled as a function of local home prices and new housing development costs, with the latter including …
Persistent link: https://www.econbiz.de/10011517966
"Spatial thinking" is increasingly popular in housing market studies and spatial dependence across properties has been … widely investigated in the intra-city housing market. The contribution of this paper is to study the spatial dependence and … spillover effect of house prices from an interurban perspective, referring to the spatial interaction across local housing …
Persistent link: https://www.econbiz.de/10011495528