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A novel housing price misalignment indicator for Germany
Hertrich, Markus - 2019
From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive over-heating of the housing market. To assess the vulnerability of the German housing market to a future realignment of prices or even a...
Persistent link: https://www.econbiz.de/10012098990
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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
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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
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Is There a Bubble in the Chinese Housing Market?
Dreger, Christian; Zhang, Yanqun - 2011
For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with possible adverse effects to the real economy. To get insights into the size of the bubble, the house price evolution is...
Persistent link: https://www.econbiz.de/10014044317
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Testing for Bubbles in Housing Markets : A Panel Data Approach
Mikhed, Vyacheslav; Zemcik, Petr - 2008
We employ recently developed cross-sectionally robust panel data tests for unit roots and cointegration to find whether house prices reflect house-related earnings. We use U.S. data for Metropolitan Statistical Areas, with house price measured by the weighted-repeated-sales index, and cash flows...
Persistent link: https://www.econbiz.de/10014219293
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Is there a bubble in the Chinese housing market?
Dreger, Christian; Zhang, Yanqun - 2011
For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with possible adverse effects to the real economy. For example, the stock of loans increased by more than 50 percent since the end of...
Persistent link: https://www.econbiz.de/10011550681
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A leading indicator of house-price bubbles
Hviid, Simon Juul - 2017
dynamics of house prices in Denmark in order to identify emerging bubbles in due time. We develop a fundamentals-adjusted house … price index and apply the testing procedure of Phillips et al. (2015) to date-stamp house-price bubbles. The empirical …
Persistent link: https://www.econbiz.de/10011696535
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Rent Seekers vs. Producers in Cities : Contagious Housing Bubbles Force Housing Price Diffusion on Urban Overdevelopment
Teng, Hsiao-Jung - 2014
are untraceable, we propose an innovative definition that housing fundamentals and bubbles are proxies for activities of …
Persistent link: https://www.econbiz.de/10013064786
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Macroprudential Policy and Housing Market Expectations
Kuang, Pei; Mitra, Kaushik; Tang, Li; Xie, Shihan - 2023
Using a large-scale online survey experiment, we study the effects of changes in three borrower-based macroprudential policy tools, residential loan-to-value (LTV), debt-to-income, and buy-to-let LTV ratio, on British consumers’ housing market expectations. A policy loosening generally leads...
Persistent link: https://www.econbiz.de/10014350636
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Anticipating critical transitions of Chinese housing markets
Zhang, Qunzi; Sornette, Didier; Zhang, Hao - 2017
We introduce a novel quantitative methodology to detect real estate bubbles and forecast their critical end time, which … calibration with respect to bootstrapped residuals. We make three main contributions to the literature of real estate bubbles … critical times of historical housing price bubbles in the U.S., Hong Kong, U.K. and Canada. Second, the LPPLS detection methods …
Persistent link: https://www.econbiz.de/10011761282