Disequilibrium in the housing market can be detected by comparing the actual price-rent ratio with its equilibrium … presence of omitted variables. Applying this method to a data set consisting of 730,000 individual price and rent transactions … we find that quality adjusting significantly reduces the actual price-rent ratio. We then insert these quality adjusted …

housing rent index (RRI) developed by Ambrose et al. (2015), we compute the RRI-based Taylor rule for the period from 2000 to …

We conduct a comprehensive international study of predictability in housing markets using the rent-price ratio as a …-premia, but we also document two puzzles. First, there is a highly unstable predictive pattern in rent growth across countries and …

assumptions about functional form. We find that rent for a typical housing unit at first falls rapidly with age, flattens, and … then begins to rise with age for older units. This nonmonotonic pattern is a feature of many other studies of both age-rent … eliminated when we attempt to control for major improvements by excluding housing units that see very large jumps in rent. Third …

$9 in monthly rent and $1,800 in house prices for the median zipcode in our data, which accounts for about one fifth of … actual rent growth and about one seventh of actual price growth. Finally, we formally test whether the Airbnb effect is due …

We analyze the extent to which sales prices for residential housing react to rent-price regulation. To this end, we …