Narrow search
Showing 1 - 10 of 92,604
Cover Image
An analysis to detect exuberance and implosion in regional house prices in Turkey
Ceritoǧlu, Evren; Cilasun, Seyit Mümin; Demiroğlu, Ufuk - In: Central Bank review / Central Bank of the Republic of Turkey 19 (2019) 2, pp. 67-82
The aim of this paper is to find out whether there is exuberance in regional house prices in Turkey. For this purpose, we analyze real hedonic house prices and price to rent ratios countrywide as well as for 26 geographic regions at the NUTS2 level from January 2010 to January 2019. We perform...
Persistent link: https://www.econbiz.de/10012036945
Cover Image
Economic regime shifts and the US subprime bubble
Anundsen, André Kallåk - 2013
Using aggregate quarterly data for the period 1975q1-2010q4, I find that the US housing market changed from a stable regime with prices determined by fundamentals, to a highly unstable regime at the beginning of the previous decade. My results indicate that these imbalances could have been...
Persistent link: https://www.econbiz.de/10009704286
Cover Image
Econometric Regime Shifts and the US Subprime Bubble
Anundsen, André K. - 2016
Using aggregate quarterly data for the period 1975q1–2010q4, I find that the US housing market changed from a stable regime with prices determined by fundamentals, to a highly unstable regime at the beginning of the previous decade. My results indicate that these imbalances could have been...
Persistent link: https://www.econbiz.de/10013007870
Cover Image
Detecting Imbalances in House Prices : What Goes Up Must Come Down?
Anundsen, André K. - 2016
With the aid of econometric modeling, I investigate whether rapidly increasing house prices necessarily imply the existence of a bubble that will eventually burst. I consider four alternative econometric methods to construct indicators of housing market imbalances for the US, Finland and Norway....
Persistent link: https://www.econbiz.de/10012982595
Cover Image
Is there a bubble in the Chinese housing market?
Dreger, Christian; Zhang, Yanqun - 2010
economy. -- Chinese economy ; panel cointegration ; house price bubbles …
Persistent link: https://www.econbiz.de/10008748352
Cover Image
Is there a bubble in the Chinese housing market?
Dreger, Christian; Zhang, Yanqun - 2010
. -- Chinese economy ; panel cointegration ; house price bubbles …
Persistent link: https://www.econbiz.de/10009272600
Cover Image
Speculative Bubble Spillovers Across Regional Housing Markets
Nneji, Ogonna - 2014
In this paper we determine whether speculative bubbles in one region in the US can lead bubbles to form in others. We … first apply a regime-switching model to determine whether speculative bubbles existed in the US regional residential real … characterized by speculative bubbles. We then examine the extent to which bubbles spill over between neighbouring and more distant …
Persistent link: https://www.econbiz.de/10013066764
Cover Image
Do House Prices Reflect Fundamentals? Aggregate and Panel Data Evidence
Mikhed, Vyacheslav - 2009
We investigate whether recently high U.S. house prices are justified by fundamental factors. The standard unit root and cointegration tests with aggregate data indicate that house rent is the only fundamental which has the same order of integration as the price, but these two variables are not...
Persistent link: https://www.econbiz.de/10013155512
Cover Image
Housing Markets in Central and Eastern Europe : Is There a Bubble in the Czech Republic?
Zemcik, Petr - 2009
Real estate prices more than doubled in many countries of Central and Eastern Europe from 2003 to 2008. In this paper, I provide the first assessment of whether housing prices in this region correspond to rents, i.e. to cash-flows related to an apartment purchase. State-of-the art panel data...
Persistent link: https://www.econbiz.de/10014203535
Cover Image
Prices, Rents and Rational Speculative Bubbles in the Sydney Housing Market
Hatzvi, Eden; Otto, Glenn - 2009
We examine whether asset pricing theory can explain residential property prices. Using quarterly data for Local Government Areas in Sydney from 1991 to 2006, we find little evidence that variations in price: rent ratios anticipate future real rent growth. Instead changes in price: rent ratios...
Persistent link: https://www.econbiz.de/10014212346