In this paper I outline a framework that should help solve the current US housing crisis. Homeowners are given the possibility to refinance their house with a new 30-year mortgage that represents 80% of the current value of the property. The remaining 20% is financed by the homeowner. In...

For most of the past decades, the Gulf Cooperation Council (GCC) region has experienced rapid expansion, driven largely by increasing energy revenues, and growth-focused government policies. As the region's population increases in size, and becomes wealthier and more urbanized, significant...

The authors have estimated housing supply equation where significant factors proved to be price change on residential property and on installation and construction works. Significance of these variables and expected values testify that the construction companies may adequately react to the...

This paper investigates the role of speculators in the housing market, specifically their contribution to price overreaction through positive feedback trading (or momentum trading). We exploit a unique dataset of condominium transactions in a residential real estate market where transaction...

China has weathered the global financial turmoil in much better shape than most other countries, including the United States. However, there been concerns that banks loosened their lending standards too much as a result of a huge stimulus, among other factors. This led to excessive lending to...

Many commentators link the US house price boom and bust of the past decade to an unsustainable easing of mortgage credit standards. However, few existing empirical house price models take account of changes in credit standards, since they are hard to measure. As a consequence, most models...