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 …

the United States, housing collateral effects on consumption are absent. Given credit conditions, rising house prices … mostly explained by movements in incomes, housing supply, mortgage interest rates and credit conditions, suggesting that the …

We explore how house prices evolve under technological progress, when housing serves for consumption as well as store …

-sponsored enterprises. We construct a model with competitive housing and mortgage markets in which the government provides banks with … of this government subsidy of owner-occupied housing. Preliminary findings indicate that the subsidy leads to higher … equilibrium housing investment, higher mortgage default rates, and lower welfare. The welfare effects of this policy vary …

job search with liquid wealth accumulation and consumption of housing that can be rented, bought on credit, or sold. In … job search. More selective job searches deteriorate employment transitions: job finding and job-to-job transitions rates … using NLSY data from 1978 until 2005. We find that more relaxed housing lending conditions, particularly lower downpayment …

This paper presents new evidence on the utility – or well-being – derived from housing. There are three areas of focus … to housing as a complementary good to family life; 2) whether well-being related to housing consumption varies by home …

This paper analyzes the components of housing demand in Mexico in the context of developing and developed nations. The … case of Mexico is particularly interesting given that population and income dynamics, as well as current housing shortages …, suggest that the demand for housing will significantly increase in the near future. We use micro-level data from market …

identified research gaps, the following report addresses four research questions: 1. How do housing demands change over the life … subjectively perceived spatial categories ‘city/urban’ and ‘country/rural’ in housing biographies and residential location … events and occasions change housing needs. Housing and residential location decisions are strongly influenced by normative …

The authors estimate a structural model of optimal life-cycle housing and consumption in the presence of realistic … labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service …-sectional and time-series household wealth and housing profiles from the Panel Study of Income Dynamics quite well and suggests an …