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Implications of the Housing Market Bubble for Sustainable Homeownership

Calem, Paul S. - 2012

This paper presents evidence on the impact of the housing bubble, flood of high risk mortgage lending, and subsequent meltdown in homeownership. We point to agency and information problems in the mortgage origination and securitization market; incomplete risk transfer; and underassessment of...

Persistent link: https://www.econbiz.de/10013115541

Real estate bubbles and contagion : new empirical evidence from Canada

Rherrad, Imad; Bago, Jean-Louis; Mokengoy, Mardochée - In: New Zealand economic papers 55 (2021) 1, pp. 38-51

Persistent link: https://www.econbiz.de/10012497224

The impact of exogenous demand shock on the housing market : evidence from the home purchase restriction policy in the People's Republic of China

Cao, Xiaping; Huang, Bihong; Lai, Rose Neng - 2018

implemented the home purchase restriction (HPR) policy to curb speculation and prevent housing bubbles. This policy triggered an …

Persistent link: https://www.econbiz.de/10011811843

Chapter 12. Housing, Finance, and the Macroeconomy

Davis, Morris A.; Van Nieuwerburgh, Stijn - In: Handbook of regional and urban economics : volume 5, (pp. 753-811). 2015

In this chapter, we review and discuss the large body of research that has developed over the past 10-plus years that explores the interconnection of macroeconomics, finance, and housing. We focus on three major topics—housing and the business cycle, housing and portfolio choice, and housing...

Persistent link: https://www.econbiz.de/10014025303

Government-made house price bubbles? : austerity, homeownership, rental, and credit liberalization policies and the "irrational exuberance" on housing markets

Cholodilin, Konstantin Arkadʹevič; Kohl, Sebastian; … - 2023

Housing bubbles and crashes are catastrophic events for economies, implying enormous destruction of housing wealth … housing policies can affect economies’ propensity to build up speculative house price bubbles. Specifically, we focus on the … series from 16 countries since 1870, we identify speculative price bubbles through explosive root tests, corroborated by a …

Persistent link: https://www.econbiz.de/10014438445