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This paper evaluates 'new economic geography' theory by comparing it with a competing non-nested model derived from urban economics. Using bootstrap inference and the J-test, the paper shows that while NEG theory is supported by the data, it needs to be modified to achieve this, and it is not...
Persistent link: https://www.econbiz.de/10005556190
Though Congress and Presidents Bush and Obama put forth several different mortgage modification programs, the rate of foreclosures has continued to rise over the past several years. According to CoreLogic, about one-in-four (23%) mortgages were underwater in the second quarter of 2010, and...
Persistent link: https://www.econbiz.de/10008642859
homebuyers paid for homes as a result of the credit, as opposed to a situation in which the housing market had been allowed to …
Persistent link: https://www.econbiz.de/10010541807
- namely, full-time employment, housing affordability and migration flows - to help look through the volatility. The results …
Persistent link: https://www.econbiz.de/10012029829
This paper calculates savings from renting compared with owning a house purchased at the peak housing bubble years of …
Persistent link: https://www.econbiz.de/10004964399
This issue brief discusses a plan that would effectively deal with the mounting problem of home foreclosures in this country. The main point of the plan is that those who are facing foreclosure should have the option to remain in their home for a substantial period of time as renters. There are...
Persistent link: https://www.econbiz.de/10004964404
Most approaches in housing research are based on a static perception of the dwelling, occupant and its environment … to compulsory urban mobility and their effects extending to housing satisfaction, a set of researches has been conducted … housing user satisfaction researches. The results showed that there is a correlation between the home and environment …
Persistent link: https://www.econbiz.de/10005556213
for approximately thirty percent of the market value of the housing stock and is approximately equal to forty percent of …
Persistent link: https://www.econbiz.de/10005090926
We construct a time series of the rent-price ratio for the owner- occupied stock of housing, starting in 1960:1, by … merging micro data from the last five Decennial Censuses of Housing with price indexes for house prices and rents. …
Persistent link: https://www.econbiz.de/10005118973
Housing is the most important component of wealth for many New Zealanders. Its location is fixed and its value is … is strongly associated with their local economic conditions. Housing is also a major factor in influencing migration … decisions and, hence, regional mobility. To shed light on the behaviour of the New Zealand housing market, we examine the …
Persistent link: https://www.econbiz.de/10005119012