This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … market using data from Finland. While the previous related literature studies the reactions of sales volume and prices to an …-error correction model, the response of prices to demand shocks is found to be substantially slower than that of sales. The effect of a …

We study a model of portfolio choice, in which housing prices are predictable and adjustment costs must be paid when …; and (ii) the time-varying expected growth rate of housing prices. The agent buys (sells) his housing assets only when the … growth rate of housing prices. Finally, we use household level data from the PSID and SIPP surveys to test and support the …

price path, but they do not affect the growth rate of housing prices. …We describe a simple model of the demand for housing and show that on a balanced growth path the rate at which the … relative price of housing changes over time is determined by the relative productivity growth rates of the housing sector and …

the various housing characteristics using a hedonic model, from which a set of implicit or “hedonic” prices emerges …Reviews the development of Irish housing policy from the eighteenth century to the present. Emphasizes the importance … of measuring quality in housing, where housing may be described by a vector of measured characteristics. Undertakes a …

new public housing units were being transacted at market prices. In contrast to the private housing price determinants … that have been identified in the international literature, the prices of public resale housing in Singapore are largely … findings have additional implications of the wider consequences of public policies on the prices of private housing units. …

particularly acute for the region's very low-income households. While many reports about housing affordability focus on the growing …

The U.S. housing market has had an extraordinary 15-year run in terms of prices, sales of existing homes, and new … construction, especially on the East and West Coasts. Beginning in the spring of 2006, however, the housing market began to turn … the first in a series of NEPPC policy briefs on housing, recaps some of the factors that contributed to this housing run …

. The housing downturn, however, is far from complete. Using the price-rent ratio as a guide, house prices are likely to …House prices in the United Kingdom rose rapidly in recent years. The run-up, larger than any other in U.K. history …, leveled off early last year. House prices are currently declining at rates faster than those seen in the early 1990's downturn …

rate of housing prices. To understand the behavior of housing prices and their influence on the economy, it is crucial to … have an accurate measure of aggregate housing prices. In practice, however, it is difficult to develop such a measure …” measure of housing prices. Each of the three methodologies has conceptual advantages and disadvantages, and the empirical …