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Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl
Cheung, Calista - Economics Department, Organisation de Coopération et … - 2014
House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...
Persistent link: https://www.econbiz.de/10011276860
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The effects of a declining housing market on the US economy
Papadimitriou, Dimitri B.; Hannsgen, Greg; Zezza, Gennaro - 2007
Longstanding speculation about the likelihood of a housing market collapse has given way in the past few months to consideration of just how far the housing market will fall, and how much damage the debacle will inflict on the economy. This paper assesses the magnitude of the impact of housing...
Persistent link: https://www.econbiz.de/10010266555
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper … population) as well as in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the …
Persistent link: https://www.econbiz.de/10010337472
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House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - 2002
Since the beginnings of the eighties house prices in the Netherlands haveincreased steadily and considerably. In this paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We use the dataof the Dutch socio-economic panel for the...
Persistent link: https://www.econbiz.de/10010325002
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House prices, second mortgages and household savings : an empirical investigation for the Netherlands, 1987 - 1994
Rouwendal, Jan; Alessie, Rob - 2002
Since the beginnings of the eighties house prices in the Netherlands haveincreased steadily and considerably. In this paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We use the dataof the Dutch socio-economic panel for the...
Persistent link: https://www.econbiz.de/10011327548
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House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - Tinbergen Institute - 2002
Since the beginnings of the eighties house prices in the Netherlands have increased steadily and considerably. In this paper we study the effect of this development on the demand for second mortgages and on the savings of Dutch households. We use the data of the Dutch socio-economic panel for...
Persistent link: https://www.econbiz.de/10005144443
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House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - Tinbergen Instituut - 2002
Since the beginnings of the eighties house prices in the Netherlands haveincreased steadily and considerably. In this paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We use the dataof the Dutch socio-economic panel for the...
Persistent link: https://www.econbiz.de/10011256325
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A Bird's Eye View of OECD Housing Markets
André, Christophe - Economics Department, Organisation de Coopération et … - 2010
Housing markets have played a prominent role in macroeconomic developments over recent years. For a great part of the 2000s, buoyant housing markets have contributed to sustained economic activity in most OECD countries. But many markets overheated and the collapse of the US subprime mortgage...
Persistent link: https://www.econbiz.de/10008480480
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House prices and the distribution of wealth around the great recession
Cóndor, Richard; Moguel, Rodolfo Oviedo - 2023
shifts in the distribution of wealth during the years around the Great Recession. We replicate the dynamics of the housing … mortgage debt, default rates, and housing holdings by households at the bottom of the wealth distribution. The boom in house … prices led to a temporary decrease in wealth concentration, which was subsequently reversed during the bust. …
Persistent link: https://www.econbiz.de/10014540953
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House prices and the distribution of wealth around the great recession
Cóndor, Richard; Moguel, Rodolfo Oviedo - 2023
shifts in the distribution of wealth during the years around the Great Recession. We replicate the dynamics of the housing … mortgage debt, default rates, and housing holdings by households at the bottom of the wealth distribution. The boom in house … prices led to a temporary decrease in wealth concentration, which was subsequently reversed during the bust. …
Persistent link: https://www.econbiz.de/10014301444