during busts. The standard model of housing demand treats housing as a quantity of "housing services", an imaginary … housing services as fixed is able to do this. This is shown by means of a formal analysis of a model in which households that … differ in income are allocated over a given housing stock. In particular, the model predicts that the price of housing as a …

What is the role of heterogenous house-price expectations for boom-bust cycles in the housing market? We exploit a … unique Dutch panel data set on households' house price expectations and their consumption, savings and housing choices for … the period 2003-2016. This period was characterized by a pronounced boom-bust cycle in the housing market. Conditioning …

propose a search model with transferable utility in which ex-ante heterogeneous men and women simultaneously search for …

financial deficit, as it is happening recently in the capital of Italy. Conclusion The housing policies must be essential part … that raise property values, without urban policies of social equity there isn?t ?social housing? that can work. Unless the …

This paper demonstrates that subsidized housing substantially increased inequality among urban Chinese residents in … urban housing has become more commodified. Consequently, the increase in urban inequality over the past 25 years has been …

characteristics and a comprehensive set of housing and location controls. The empirical evidence is in line with our expectations and …

assessments, as may be the case in the US. So whilst the rising housing costs associated with gentrification do induce homeowners …