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House Price Fluctuations and Residential Sorting

Haavio, Markus - 2009

Empirical evidence suggests that local jurisdictions are internally more heterogeneous than standard sorting models predict. We develop a dynamic multi-region model, with fluctuating regional house prices, where an owner-occupying household's location choice depends on its current wealth and its...

Persistent link: https://www.econbiz.de/10013158359

Homeowner Preferences after September 11th, a Microdata Approach

Nowak, Adam - 2017

The existence of homeowner preferences - specifically homeowners' preferences for neighbors - is fundamental to economic models of sorting. This paper investigates whether or not the terrorist attacks of September 11, 2001 (9/11) impacted on local preferences for Arab neighbors. We test for...

Persistent link: https://www.econbiz.de/10012960716

Identifying the Benefits from Home Ownership : A Swedish Experiment

Sodini, Paolo - 2017

Home ownership is widely stimulated by policy yet its effects are poorly understood. Exploiting privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. Granular data on demographics,...

Persistent link: https://www.econbiz.de/10012969184

Do Long Distance Moves Discourage Homeownership? Evidence from England

Ha, Sejeong - 2014

We hypothesize that as the distance of a residential move increases, the cost of collecting information on the destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill-informed housing purchase decision increases, reducing the...

Persistent link: https://www.econbiz.de/10013057930

Homeownership, Polarization, and Inequality

Parkhomenko, Andrii - 2021

In recent decades, the U.S. labor market has become more unequal and polarized: wage differences have widened and middle-income jobs have been replaced by low- and high-income jobs. The rise in inequality and polarization have been more pronounced in large cities. I argue that this can be...

Persistent link: https://www.econbiz.de/10013224559

Housing and inequality : the case of Luxembourg and its cross-border workers

Claveres, Guillaume; Mathä, Thomas; Pulina, Giuseppe; … - 2020

The rate of homeownership is close to the OECD average in Luxembourg. However, strong house price increases, mainly …

Persistent link: https://www.econbiz.de/10012259010

Bonakdar, Said Benjamin; Roos, Michael W. M. - 2021

Residential choice does not only depend on properties of the dwelling, neighborhood amenities and affordability, but is also affected by the population composition within a neighbourhood. All these attributes are capitalised in the house price. Empirically, it is not easy to disentangle the...

Persistent link: https://www.econbiz.de/10012433602

"We'll always have Paris" : out-of-country buyers in the housing market

Cvijanovic, Dragana; Spaenjers, Christophe - 2018

Previous research has shown that non-local household investors make sub-optimal asset selection and market timing decisions. However, in real estate markets, heterogeneity in returns can exist even with identical ex ante investment (timing) choices, given that transaction prices are the outcome...

Persistent link: https://www.econbiz.de/10012219354

Homeownership and the Distributional Effects of Uneven Regional Growth

Greaney, Brian - 2023

model incorporates two key mechanisms that link welfare to local economic conditions: migration costs and homeownership … substantially across the age and wealth distribution. I find that homeownership plays a central role in spatial redistribution: in … an otherwise similar model without homeownership, the average welfare effect of the same shock is just 0.19%. This is …

Persistent link: https://www.econbiz.de/10014355548

Housing Inequality in the United States : A Decomposition Analysis of Racial and Ethnic Disparities in Homeownership

DeSilva, Sanjaya; Elmelech, Yuval - 2015

In recent years, as the homeownership rate in the United States reached its highest level in history, homeownership … Public Use Microdata Series (IPUMS) and 2006 American Community Survey (ACS) to study the trajectory into homeownership of … homeownership. The unique (merged) dataset enables the authors to distinguish assimilation (length of residence) from immigration …

Persistent link: https://www.econbiz.de/10014207625