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implemented the home purchase restriction (HPR) policy to curb speculation and prevent housing bubbles. This policy triggered an … exogenous demand shock to the housing market. Employing a two-step difference-in-differences approach, we find significantly …
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not affected by the housing wealth changes. The findings suggest that a wealth shock exerts a positive and significant …
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not affected by the housing wealth changes. The findings suggest that a wealth shock exerts a positive and significant …
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The residential real estate market in the United States experienced unprecedented growth beginning in the late 1990s, followed by a dramatic downturn starting around the middle of 2006. By tracking opinions and perceptions of the U.S. housing market before, during, and after the real estate...
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