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Housing markets typically exhibit a strong positive correlation between the rate of price increase and the number of … houses sold. We document this correlation on high-quality Dutch data for the period 1985-2007, and estimate a VEC-model that … allows us to study the mechanism giving rise to the correlation. The data identify the flows of new houses offered for sale …
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in specific correlation dynamics. A strong implication emerges: during the period under research, and from a different …
Persistent link: https://www.econbiz.de/10010407524
in specific correlation dynamics. A strong implication emerges: during the period under research, and from a different …
Persistent link: https://www.econbiz.de/10010515402
The house price in Hong Kong is well-known to be "unaffordable." This paper argues that the commonly used house price-to-income ratio may be misleading in an economy with almost half of the population living in either public rental housing or subsidized ownership. Moreover, we re-focus on the...
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In the United States, 15 percent of households change residence in a given year. This result is based on data from the Panel Study of Income Dynamics on gross flows within and between the two segments of the housing market-renter-occupied properties and owner-occupied properties. The gross flows...
Persistent link: https://www.econbiz.de/10010384803
I use daily data from fifty major cities to investigate the early effects of the COVID-19 pandemic on housing market in the United States. I find that starting from the second half of March, 2020, new home listings and pending home sales started to decrease. By mid-April, certain markets...
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