Showing 1 - 10 of 10,112
We study the house price recovery in the U.S. single-family residential housing market since the outbreak of the … mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using … affected investors' access to residential properties, we estimate that the increasing presence of institutions in the housing …
Persistent link: https://www.econbiz.de/10012197788
The COVID-19 pandemic further extended the multi-year housing boom in advanced economies and emerging markets alike ….S. residential housing market due to higher house prices associated with monetary easing. We first set up a stylized general … housing affordability for first-time homebuyers, and increase housing wealth inequality between first-time and repeat …
Persistent link: https://www.econbiz.de/10014258218
We use a simple quantitative asset pricing model to "reverse-engineer" the sequences of stochastic shocks to housing …
Persistent link: https://www.econbiz.de/10012937131
This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the … 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. …
Persistent link: https://www.econbiz.de/10013417356
This paper investigates the US housing market from just before the Great Recession onward (2006-2019) 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. …
Persistent link: https://www.econbiz.de/10013419282
I use daily data from fifty major cities to investigate the early effects of the COVID-19 pandemic on housing market in … relative to the same time period in the previous year. The collapse of the housing market is broad based, hitting all major …
Persistent link: https://www.econbiz.de/10012224225
Search theory shows that real property prices and marketing durations are simultaneously determined and positively related. Yet, empirical studies find positive, negative, and insignificant parameter estimates on the time-on-the-market (TOM) variable in price models. Using a dataset well suited...
Persistent link: https://www.econbiz.de/10012871653
This paper investigates the existence of speculative bubbles in the US national and 21 regional housing markets over … three decades (1978-2015). A new method for real-time monitoring exuberance in housing markets is proposed. By taking … consideration, the new method provides better control for housing market fundamentals and thereby it is expected to significantly …
Persistent link: https://www.econbiz.de/10012968629
This article examines the use of concessions in the US housing market, specifically payments for closing costs, home …
Persistent link: https://www.econbiz.de/10012928826
This paper is about investigating how different bank liquidity creation activities affect housing markets. Using data … liquidity creation activities boost housing markets. In particular, unlike asset-side and off-balance sheet liquidity creations …, funding-side liquidity creation dampens housing markets. The relationships between liquidity creation activities and housing …
Persistent link: https://www.econbiz.de/10013239824