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Loss aversion and residential property development decisions in the People's Republic of China : a semi-parametric estimation
Bao, Helen X. H.; Meng, Charlotte Chunming - 2017
Loss aversion is a core concept in prospect theory that refers to people's asymmetric attitudes with respect to gains and losses. More specifically, losses loom larger than gains. With the capability of loss aversion to explain economic phenomena, some of which are puzzling under expected...
Persistent link: https://www.econbiz.de/10011591060
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Home, safe home : cross-country monitoring framework for vulnerabilities in the residential real estate sector
Bengtsson, Elias; Grothe, Magdalena; Lepers, Etienne - 2017
takes into account three dimensions of real estate sector vulnerabilities (i.e. valuation, household indebtedness and the …
Persistent link: https://www.econbiz.de/10011710115
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2013
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive changes in consumption. However, this might be a...
Persistent link: https://www.econbiz.de/10009772970
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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 which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive changes in consumption. However, this might constitute...
Persistent link: https://www.econbiz.de/10010337472
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Supply and Demand in Residential Property Forecasts
Hardman, Matthew B. - 2012
This paper defines a measure of net housing demand or supply which allows the calculation of a long, high frequency time series, whose principal use is intended to be in a multivariate residential property price forecasting model. The series is easily and inexpensively replicable. We formulate...
Persistent link: https://www.econbiz.de/10013114615
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Determinants of the homeownership rate : a survey of recent contributions
Bourassa, Steven C.; Haurin, Donald R.; Hendershott, … - 2011
This study reviews the literature on the determinants of a country's homeownership rate including factors such as … demographic characteristics, household level economic variables, and government housing policies. We present a comprehensive model … of a household's tenure choice, one that allows for the taxation of imputed rental income and capital gains, deductions …
Persistent link: https://www.econbiz.de/10009375146
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Determinants of the Homeownership Rate : A Survey of Recent Contributions
Bourassa, Steven C. - 2014
This study reviews the literature on the determinants of a country's homeownership rate including factors such as … demographic characteristics, household level economic variables, and government housing policies. We present a comprehensive model … of a household's tenure choice, one that allows for the taxation of imputed rental income and capital gains, deductions …
Persistent link: https://www.econbiz.de/10013067117
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Homeownership and housing finance patterns one generation after the fall of communism
Beckmann, Elisabeth; Hainz, Christa; Pyle, William; … - In: Focus on European economic integration (2019) 4, pp. 79-101
Persistent link: https://www.econbiz.de/10012194456
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Does residential housing crowd out or promote households' stock investment? : evidence from China
Zhou, Qin; He, Qing; Yuan, Yan - In: Emerging markets finance & trade : a journal of the … 53 (2017) 7/8/9, pp. 1869-1893
Persistent link: https://www.econbiz.de/10011824821
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Modelling of Cycles in the Residential Real Estate Market – Interactions between the Primary and the Secondary Market and Multiplier Effects
Augustyniak, Hanna - 2013
While analysing the housing market, we focus on the short-term modelling of the housing units market instead of analysing the long-term housing space market. In this context, even a minor change in factors affecting the real estate market leads, due to the multiplier effect, to strong shocks on...
Persistent link: https://www.econbiz.de/10013085542