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Persistent link: https://www.econbiz.de/10010345811
With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions … Statistical Areas, we estimate a simultaneous boom-bust system for house prices, housing supply and subprime lending. The model … accounts for regional differences in supply elasticities that are determined by local variations in topographical and …
Persistent link: https://www.econbiz.de/10010488113
What explains record U.S. house price growth since late 2019? We show that the shift to remote work explains over one half of the 23.8 percent national house price increase over this period. Using variation in remote work exposure across U.S. metropolitan areas we estimate that an additional...
Persistent link: https://www.econbiz.de/10013210069
This article examines the use of concessions in the US housing market, specifically payments for closing costs, home warranties, and structural repairs. This is the first study to examine the motivations and characteristics of homeowners that utilize concessions. It also examines the impact...
Persistent link: https://www.econbiz.de/10012928826
the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal … effect of mortgage supply on housing prices. I find that every 1 percentage point higher annual growth rate of mortgage …
Persistent link: https://www.econbiz.de/10011568674
the CRA, however, do not show any change in their mortgage supply between these two types of census tracts after 1998. I … take advantage of this exogenous shift in mortgage supply within an instrumental variable framework to identify the causal … effect of mortgage supply on housing prices. I find that every 1 percentage point higher annual growth rate of mortgage …
Persistent link: https://www.econbiz.de/10011570577
in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …
Persistent link: https://www.econbiz.de/10012065070
in mortgage supply of regulated banks. Consequently, these census tracts experienced a worse housing bust. I find that …
Persistent link: https://www.econbiz.de/10012122488
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 comprehensive property-level transaction data, we show...
Persistent link: https://www.econbiz.de/10012197788
The recent surge in property values in China has been similar to the surge in the U.S before the crash in 2007. This raises concerns about whether China is destined to have a crash as well. We estimate similar models of property values for the two countries, in order to compare price dynamics...
Persistent link: https://www.econbiz.de/10012914765