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Housing Market Challenges in Europe and the United States – Any Solutions Available?

Wagner, Karin - In: Monetary Policy & the Economy (2008) 4, pp. 124-134

On September 29, 2008, the Oesterreichische Nationalbank (OeNB) hosted a workshop entitled “Housing Market Challenges in Europe and the United States - any solutions available?” The workshop’s objective was to discuss the most recent developments in housing markets and housing finance....

Persistent link: https://www.econbiz.de/10005627525

Dynamic pricing in the Singapore condominium market

Fesselmeyer, Eric; Liu, Haoming - In: Economics Letters 124 (2014) 1, pp. 147-150

Dynamic pricing strategies are likely an important consideration of Singapore condominium developers because of the durability of condominiums, price transparency, and the long sales period. While we do not observe any systematic relationship between the new sale prices and time of purchase, we...

Persistent link: https://www.econbiz.de/10010784993

A model of regional housing markets in England and Wales

Bhattacharjee, Arnab; Jensen-Butler, Christopher - In: Asian journal of economics and banking : AJEB 8 (2024) 2, pp. 146-161

Purpose - We propose an economic model of housing markets. The model incorporates the macroeconomic relationships between prices, demand and supply. Since vacancy rates are not observable, the demand-supply mismatches are identified using a microeconomic model of search, matching and price...

Persistent link: https://www.econbiz.de/10015046361

Housing market convergence: Evidence from Germany

Unal, Umut; Hayo, Bernd; Erol, Isil - 2022

This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for β-convergence and δ-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …

Persistent link: https://www.econbiz.de/10014322584

European housing prices through the lens of trends

Melecky, Ales; Paksi, Daniel - In: Prague economic papers : a bimonthly journal of … 32 (2023) 5, pp. 488-519

We study convergence and club formation of housing prices in European countries using several measures of housing …

Persistent link: https://www.econbiz.de/10014516256

Housing market convergence : evidence from Germany

Unal, Umut; Hayo, Bernd; Erol, Isil - 2022

This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for 𝛽-convergence and 𝜎-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …

Persistent link: https://www.econbiz.de/10013460037

Convergence in Provincial-Level South African House Prices: Evidence from the Club Convergence and Clustering Procedure

Apergis, Nicholas; Simo-Kengne, Beatrice D.; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2013

convergence and clustering procedure of Phillips and Sul (2007). Using quarterly data covering the period of 1974Q1 to 2012Q4 … provinces do not form a homogeneous convergence club. In particular, the aggregate housing market supports the presence of three … convergence clubs with the tendency of provinces to converge or diverge varying across subsequent segments. Unlike the middle …

Persistent link: https://www.econbiz.de/10010764582

House price convergence: Evidence from US state and metropolitan area panels

Kim, Young Se; Rous, Jeffrey J. - In: Journal of Housing Economics 21 (2012) 2, pp. 169-186

We study house price convergence in panels of US states and metropolitan areas. Our analysis is centered on three … issues. First, we test whether the US house prices are converging over time using log t convergence test by Phillips and Sul … (2007). The test results suggest that there is little evidence of overall convergence. The second issue is to investigate …

Persistent link: https://www.econbiz.de/10010574766

An urban overhead? Crime, agglomeration, and amenity

Donovan, Stuart; de Graaff, Thomas; de Groot, Henri L.F.; … - 2023

Using data for 134 locations in New Zealand, we study the effects of crime and agglomeration on urban amenity. We find that crime has significant negative effects on the value of urban amenity, with elasticities of approximately ?0.06 for firms and ?0.09 for workers. To put this effect in...

Persistent link: https://www.econbiz.de/10014321797

House prices, disposable income, and permanent and temporary shocks

Fraser, Patricia; Hoesli, Martin; McAlevey, Lynn George - 2009

Using quarterly data over 1973:4-2008:2, two-variable systems of house prices and income are specified for three major house-owning economies: New Zealand (N.Z.), the U.K. and the U.S. After considering differences in price−income relationships over sub-periods, the analysis compares responses...

Persistent link: https://www.econbiz.de/10003971258