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 examines the welfare cost of rare housing disasters characterized by large drops in house prices. I … construct an overlapping generations general equilibrium model with recursive preferences and housing disaster shocks. The … likelihood and magnitude of housing disasters are inferred from historic housing market experiences in the OECD. The model shows …

make decisions based on their perceived level of housing wealth. Numerical simulations generate the effects of house value …

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 …

In this paper, we estimate the effect on housing prices of the expansion of the Vancouver SkyTrain rapid transit … expansion increases housing prices not only in neighborhoods where the expansion occurred, but also in those with access to pre …-existing segments of the network. We show how these network housing price effects depend on household commuting patterns, and discuss …

importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand and seasonal … housing consumption …

The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the … like Mozambique and Laos. It is therefore quite interesting that the bulk of the research surveyed finds that housing … available for housing and other goods and services certainly do vary dramatically from place to place. And the stakes of how …

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 …

This chapter focuses on neighborhood effects in housing markets. Households in effect choose neighborhood effects, or … priced by housing markets and be capitalized into housing values and rents. The chapter focuses on models that are … dimensionality. The chapter examines neighborhood choice, with endogenous and contextual neighborhood effects, and housing demand …