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Signs of new housing bubble in many OECD countries : lower risk in Germany

Cholodilin, Konstantin Arkadʹevič; Michelsen, Claus - In: DIW weekly report : economy, politics, science : a … 8 (2018) 30/31, pp. 275-285

Ten years after the worldwide financial and economic crisis was triggered by the American real estate market, real estate prices are rising around the globe. Concerns about a new housing bubble are growing. The present report based on OECD data for 20 countries demonstrates that this concern is...

Persistent link: https://www.econbiz.de/10011877998

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

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

An Early Warning System to Predict the House Price Bubbles

Dreger, Christian; Kholodilin, Konstantin A. - 2011

In this paper, we construct the country-specific chronologies of the house price bubbles for 12 OECD countries over the … models. It is shown that the latter two models allow much more accurate predictions of the house price bubbles than the … future speculative bubbles in housing market. Thus, our method can be used by the policymakers in their attempts to timely …

Persistent link: https://www.econbiz.de/10014042996

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

Bubble Detective : City-Level Analysis of House Price Cycles

Cevik, Serhan; Naik, Sadhna - 2023

major cities during the sample period. While the size of bubbles varies across cities, especially when we use the house …

Persistent link: https://www.econbiz.de/10014257254

House price bubble detection in Ukraine

Shmygel, Alona - 2022

In this article, we developed a reliable method to detect house price bubbles using data for the largest Ukrainian … a bubble may be forming. In this paper, house price bubbles are detected with the help of two general approaches: ratio … prolonged period of house price bubbles is the one that coincides in time with the Global Financial Crisis - from late 2005 to …

Persistent link: https://www.econbiz.de/10013393559

Cities with forking paths? : agglomeration economies in New Zealand 1976-2018

Donovan, Stuart; Graaff, Thomas de; Grimes, Arthur L.; … - 2021

We consider whether external urban economic advantages (agglomeration economies) vary with time and space using a simple economic model and detailed micro-data on 134 locations in New Zealand for the period 1976-2018. We find subtle temporal variation, with estimates peaking in 1991 and then...

Persistent link: https://www.econbiz.de/10012650158

Cities with Forking Paths? Agglomeration Economies in New Zealand 1976-2018

Donovan, Stuart; de Graaff, Thomas; Grimes, Arthur; de … - 2021

We consider whether external urban economic advantages (agglomeration economies) vary with time and space using a simple economic model and detailed micro-data on 134 locations in New Zealand for the period 1976–2018. We find subtle temporal variation, with estimates peaking in 1991 and then...

Persistent link: https://www.econbiz.de/10013211354

Foreclosure Externalities and Home Liquidity

Bian, Xun - 2019

We study the external impact of foreclosures, exploring how foreclosed properties affect the liquidity of nearby homes. Empirically, we find a foreclosure increases a nearby home's time-on-market by approximately 30%, on average, which is primarily driven by a disamenity effect. There is...

Persistent link: https://www.econbiz.de/10012870826