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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

A Simple Model of Housing Rental and Ownership with Policy Simulations

Coleman, Andrew; Scobie, Grant M. - 2009

The housing market is both large and complex. This paper develops a simple model that captures the essential features of the supply and demand for housing, and which is used to evaluate the impact of a range of policy interventions. Increases in the stock of housing would reduce rents and house...

Persistent link: https://www.econbiz.de/10012115614

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

Haisken-DeNew, John; Hasan, Syed; Jha, Nikhil; Sinning, … - 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/10011590068

Unawareness and Selective Disclosure: The Effect of School Quality Information on Property Prices

Haisken-DeNew, John P.; Hasan, Syed; Jha, Nikhil; … - 2016

Persistent link: https://www.econbiz.de/10011653162

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

Dieci, Roberto; Westerhoff, Frank - 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/10010520591

The role of housing in labor reallocation

Davis, Morris A.; Fisher, Jonas D. M.; Veracierto, Marcelo - 2010

This paper builds a dynamic general equilibrium model of cities and uses it to analyze the role of local housing markets and moving costs in determining the character and extent of labor reallocation in the US economy. Labor reallocation in the model is driven by idiosyncratic city-specific...

Persistent link: https://www.econbiz.de/10010292111

The measurement of rent inflation

McCarthy, Jonathan; Peach, Richard W. - 2010

Providing for shelter represents a large portion of the typical household budget. Accordingly, rent, paid either to a landlord or to oneself as an owner-occupant, has a large weight in the CPI and in the personal consumption expenditures deflator, resulting in substantial scrutiny of how tenant...

Persistent link: https://www.econbiz.de/10010287105

Housing markets, expectation formation and interest rates

Martin, Carolin; Schmitt, Noemi; Westerhoff, Frank - 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/10011964330

Examining the roots of homelessness: The impact of regional housing market conditions and the social environment on homelessness in North-Rhine-Westphalia, Germany

Kröll, Alexandra; Farhauer, Oliver - 2012

Trotz umfangreicher staatlicher Programme zur Bekämpfung von Obdachlosigkeit kann diese mit den üblicherweise eingesetzten Mitteln nur verringert, aber nicht gänzlich beseitigt werden. Deshalb ist es wichtig, zusätzliche Faktoren, die zur Entstehung von Obdachlosigkeit beitragen, zu...

Persistent link: https://www.econbiz.de/10010323790

Housing Supply and Land Use Regulation in the Netherlands

Vermeulen, Wouter; Rouwendal, Jan - 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/10010325241

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