Numerous papers have tried to understand housing’s role in the economy and have not reached an agreement. In this paper … we turn to the asymmetric relationship between housing and the overall economic activity. We find that the relation … between building permits and GDP is regime-dependent. Causality analysis suggests that the housing variable leads output only …

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 …

This paper studies whether people's perception of improvements in local air quality are reflected in the housing market … Wohnungsmarkt widerspiegelt. Dazu werden umfassende Daten zu Immobilienpreisen aus Deutschland herangezogen. Unter Verwendung eines …