This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables using a tractable, searchtheoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model highlights the importance of liquidity spirals that...

In this article, we use tests of explosive behavior in real house prices with annual data for the case of Australia for the period 1870-2020. The main contribution of this paper is the use of very long time series. It is important to use longer span data because it offers more powerful...

Viele Menschen teilen den Wunsch, möglichst lange und selbstbestimmt in der eigenen Wohnung und dem vertrauten Umfeld wohnen zu können. Im Fall eines Unfalls oder einer Erkrankung ist die eigenständige Lebensführung allerdings gefährdet. Durch die demografische Entwicklung altert die...

Many countries experienced a residential credit bubble prior to the global financial crisis; however, by most criteria, the Irish residential and financial sector witnessed one of the most significant imbalances across contemporary western economies. The Irish property market had experienced a...

It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies promulgated by China's government for the real estate market. The market is resulted in full of speculative behaviors, and has been booming since the beginning of this decade, even...

The weight of the housing tenancy market in Spain is very low. It is frequently argued that an ineffective judicial system, implying a cumbersome procedure to evict a non-paying tenant or simply requiring a long period to execute a decision, may be an important determinant of the tenancy...

The objective of this work is to study whether the behaviour of the housing market is homogeneous in all provinces or, on the contrary, there is a specific housing behaviour particular to each province or group of provinces, leading to the existence of regional housing markets. The main data...

Der Beitrag diskutiert die Fragen, (1) inwieweit sich Indizien für eine soziale Exklusion beziehungsweise einen Mangel an gesellschaftlichen Teilhabechancen in der Alltagsmobilität und der Wohnstandortwahl finden und (2) welche Rolle in diesem Kontext subjektive Wohnstandort- und...