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House price indexes summarize the development of all house prices in a single number, while actual price movements often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing services – a one-dimensional quality measure – and...
Persistent link: https://www.econbiz.de/10011662526
This paper investigates the development of house prices in Copenhagen in the period 1994-2013, while paying special attention to the heterogeneous impact of the boom and bust periods along the dimensions of housing type (single vs multifamily housing), geography and quality. To allow for price...
Persistent link: https://www.econbiz.de/10011819477
It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies promulgated by China's government for the real estate market. The market is resulted in full of speculative behaviors, and has been booming since the beginning of this decade, even...
Persistent link: https://www.econbiz.de/10010286822
In this study, regional differences in housing price dynamics are examined empirically using panel data models. We concentrate on examining the momentum dynamics and the reversion speed towards fundamental price level. The analysis can be seen as a test for the validity of conventionally used...
Persistent link: https://www.econbiz.de/10012503048
This paper investigates the development of house prices in Copenhagen in the period 1994-2013, while paying special attention to the heterogeneous impact of the boom and bust periods along the dimensions of housing type (single vs multifamily housing), geography and quality. To allow for price...
Persistent link: https://www.econbiz.de/10011720315
House price indexes summarize the development of all house prices in a single number, while actual price movements often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing services - a one-dimensional quality measure - and apply it...
Persistent link: https://www.econbiz.de/10011607944
This paper explores the link between mortgage origination fees and housing prices. It is argued that sharp decline in mortgage origination fees in US since the late 1980s was caused by mortgage market deregulation and mortgage innovation. Based on this reasoning the sources of exogenous...
Persistent link: https://www.econbiz.de/10005357501
In this study, regional differences in housing price dynamics are examined empirically using panel data models. We concentrate on examining the momentum dynamics and the reversion speed towards fundamental price level. The analysis can be seen as a test for the validity of conventionally used...
Persistent link: https://www.econbiz.de/10011094579
. Increases in the stock of housing would reduce rents and house prices. A reduction in tax concessions for landlords would raise … rents and moderate house prices. Additional subsidies for owner-occupancy would tend to reduce rents and raise house prices …. Significant reductions in rents and house prices would follow a fall in the cost of housing, through, for example lower regulatory …
Persistent link: https://www.econbiz.de/10012115614
apartments from the long-term housing market, causing an in- crease in rents. Establishing and quantifying such a causal link is … Airbnb supply to assess the impact of Airbnb on rents in the city. Our results suggest that each nearby apartment on Airbnb … increases average monthly rents by at least seven cents per square meter. This effect is larger for Airbnb listings that are …
Persistent link: https://www.econbiz.de/10012259642