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Two countries, sixteen cities, five thousand kilometres : how many housing markets?

Greenaway-McGrevy, Ryan; Grimes, Arthur L.; Holmes, Mark J. - 2016

We examine whether a single housing market exists across 16 cities covering two countries, Australia and New Zealand … single housing market across these cities, then the economic forces that lead to such convergence must be other than … commuting arbitrage forces that have been posited as driving convergence in densely populated countries such as the United …

Persistent link: https://www.econbiz.de/10011883121

Housing supply and land use regulation in the Netherlands

Vermeulen, Wouter; Rouwendal, Jan - 2007 - Version July 2007

In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the Netherlands, where real house prices have roughly...

Persistent link: https://www.econbiz.de/10011372990

Unawareness and selective disclosure : the effect of school quality information on property prices

Haisken-DeNew, John P.; Hasan, Syed; Jha, Nikhil; … - 2017

The Australian Government launched the My School website in 2010 to provide standardised information about the quality of schools to the Australian public. This paper combines data from this website with home sales data for the state of Victoria to estimate the effect of the publication of...

Persistent link: https://www.econbiz.de/10011589131

Heterogeneous expectations, boom-bust housing cycles, and supply conditions : a nonlinear dynamics approach

Dieci, Roberto; Westerhoff, Frank H. - 2015

We combine a standard stock-flow housing market model, incorporating explicit relationships between house prices, the housing stock, and the rent level, with a parsimonious expectation formation scheme of housing market investors, reflecting an evolving mix of extrapolative and regressive...

Persistent link: https://www.econbiz.de/10010517701

An investigation of the synchronization in global house prices

Hoesli, Martin - 2020

We review the main studies on house price synchronization and conduct an empirical analysis using OECD house price indices. We provide a discussion of the contributing factors of synchronization, with a focus on the demand and supply dimensions. Synchronization across both countries and cities...

Persistent link: https://www.econbiz.de/10012181108

Locating the Manhattan housing market : GIS evidence for 1880-1910

Gray, Rowena; Bowman, Rocco - 2020

There is a dearth of systematic information about the historical New York City housing market. We present anew sample containing rental price and characteristic data for almost 10,000 Manhattanunits which was collected from historical newspapers for the period 1880 to 1910. These units were...

Persistent link: https://www.econbiz.de/10012170447

Inequality in nineteenth century Manhattan : evidence from the housing market

Gray, Rowena - 2020

Historical inequality is difficult to measure, especially at the sub-country level and beyond the top income shares. This paper presents new evidence on the level of inequality in Manhattan from 1880 to 1910 using housing rents. Rental prices and characteristics, including geocodable locations,...

Persistent link: https://www.econbiz.de/10012170449

Regulating speculative housing markets via public housing construction programs : insights from a heterogeneous agent model

Martin, Carolin; Westerhoff, Frank H. - 2018

Since the instability of housing markets may be quite harmful for the real economy, we explore whether public housing construction programs may tame housing market fluctuations. As a workhorse, we use a behavioral stock-flow housing market model in which the complex interplay between speculative...

Persistent link: https://www.econbiz.de/10011855372

Housing markets, expectation formation and interest rates

Martin, Carolin; Schmitt, Noemi; Westerhoff, Frank H. - 2019

Based on a behavioral stock-flow housing market model in which the expectation formation behavior of boundedly rational and heterogeneous investors may generate endogenous boom-bust cycles, we explore whether central banks can stabilize housing markets via the interest rate. Using a mix of...

Persistent link: https://www.econbiz.de/10011963798

To rent or not to rent : a household finance perspective on Berlin's short-term rental regulation

Mavropoulos, Antonios - 2021

With the increasing concerns that accompany the rising trends of house sharing economies, regulators impose new laws to counteract housing supply scarcity. In this paper, I investigate whether the ban on short-term entire house listings activated in Berlin in May 2016 had any adverse effects...

Persistent link: https://www.econbiz.de/10012431968

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