This paper develops a DSGE framework featuring a heterogeneous housing market, endogenousdefault, and a banking sector … overheatingof the housing economy in the early 2000s and the subsequent crash could have been alleviated, ifauthorities had adopted …

.D. Howe Institute. In “Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada …

Housing market developments are in the spotlight in Europe. Over-stretched valuations amid tightening financial … macroprudential policy between ensuring financial system resilience and smoothing the macro-financial cycle. Against this backdrop …, this paper provides detailed considerations regarding how to (re)set macroprudential policy tools in response to housing …

We use a simple quantitative asset pricing model to "reverse-engineer" the sequences of stochastic shocks to housing …

The common-factor hypothesis is one possible explanation for the housing wealth effect. Under this hypothesis, house … price appreciation is related to changes in consumption as long as the available proxies for the common driver of housing … and non-housing demand are noisy and housing supply is not perfectly elastic. We simulate a model in which a common factor …

We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed … vacancies in the housing market in the context of prospect theory which could be extended by future research. Second, we … specific type of vacancy into account is highly relevant for housing policy decisions. …