Showing 41 - 50 of 18,826
Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of … credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series …
Persistent link: https://www.econbiz.de/10010273080
With the ageing of the European population, the housing choices of the elderly will have consequences on the whole … housing market. In this paper we use data from the first two waves of the Survey of Health, Ageing and Retirement in Europe …
Persistent link: https://www.econbiz.de/10010274728
recovered only partially during the 2001{2005 housing boom. The 1980{2000 decline in young home ownership occurred as …
Persistent link: https://www.econbiz.de/10010275729
, housing demand rises due to the increase in foreign-born population. In addition, immigrants can influence native location … decisions and induce additional shifts in demand. Finally, changes in housing supply conditions can in turn affect prices … supply, total changes in housing demand can be decomposed into the sum of direct immigrant demand and indirect demand changes …
Persistent link: https://www.econbiz.de/10014532897
"golden visas" impact real estate housing markets. Using the population of transactions records from 2007 to 2019, we analyse … average of around €38,000 at the investment threshold, indicating a more than 10% price increase in high-end housing prices …
Persistent link: https://www.econbiz.de/10014533889
This paper investigates the importance of including data on new housing supply in Dynamic Stochastic General … financial sector and real estate sector, they have largely overlooked housing supply. I develop an extended DSGE model that … includes both the financial sector and endogenous housing supply and show that forecasting accuracy significantly improves when …
Persistent link: https://www.econbiz.de/10014543686
looking at the effect of a reduction in the maximum loan-to-value (LTV) ratio on homeownership rates, house prices and housing … is initially loose, allowing households to lever up against the collateral value of their housing. A reduction in the LTV … is the fall in house prices and the greater is the rise in the share of constrained homeowners and housing wealth …
Persistent link: https://www.econbiz.de/10014551666
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 …
Persistent link: https://www.econbiz.de/10011481488
The vast majority of household wealth in the U.S. is held in illiquid assets, primarily housing, making households … households are tempted to consume their liquid wealth but can use illiquid housing as a savings commitment device. The importance … of temptation and commitment is identified using data on consumption, liquid assets, and housing wealth over the life …
Persistent link: https://www.econbiz.de/10012265316
This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset accumulation in a structural life-cycle model. We use two complementary estimation strategies: first, we estimate the Euler equation of this model; and second we match liquid and...
Persistent link: https://www.econbiz.de/10012265354