Showing 11 - 20 of 41,833
For most of the past decades, the Gulf Cooperation Council (GCC) region has experienced rapid expansion, driven largely by increasing energy revenues, and growth-focused government policies. As the region's population increases in size, and becomes wealthier and more urbanized, significant...
Persistent link: https://www.econbiz.de/10013102716
The authors have estimated housing supply equation where significant factors proved to be price change on residential property and on installation and construction works. Significance of these variables and expected values testify that the construction companies may adequately react to the...
Persistent link: https://www.econbiz.de/10013102844
The impact of borrowing constraints on homeownership has been well established in the literature. Wealth is most likely to restrict homeownership followed by credit and income. Using recent movers from the 1979 National Longitudinal Survey of Youth and borrowing constraint definitions commonly...
Persistent link: https://www.econbiz.de/10013085625
China has weathered the global financial turmoil in much better shape than most other countries, including the United States. However, there been concerns that banks loosened their lending standards too much as a result of a huge stimulus, among other factors. This led to excessive lending to...
Persistent link: https://www.econbiz.de/10013089356
housing bubbles.Between 2000 and the bubble's peak, inflation- adjusted housing prices in California and Florida more than …,000 people per year.This suggests that local factors, not national policies, were a necessary condition for the housing bubbles …
Persistent link: https://www.econbiz.de/10013064329
This paper proposes a framework for analysing speculative bubbles in housing markets. The formation of bubbles is … autonomous bubbles, and the individual connectivity index identifying systematically important sub-markets. We illustrate our … Melbourne bubble network is an autonomous one, speculative bubbles in the Sydney market are highly interconnected, and show a …
Persistent link: https://www.econbiz.de/10012927111
Over the last decade, France and Spain have experienced property price and residential investment increases which were among the strongest and the lengthiest in the euro area. Although the quality of the underlying data limits the precision of the estimates, the present paper aims at analysing...
Persistent link: https://www.econbiz.de/10013038761
This study looks at real estate price booms and busts in industrialised countries. It identifies major and persistent deviations from long term trends for 18 countries and estimates the probabilities of their occurrence using a Random Effects Panel Probit model over the period 1980-2007. It...
Persistent link: https://www.econbiz.de/10013158164
The overriding challenge of the 21st-century economy has not been too much money, too much credit, or too many homes. To the contrary, at the heart of the housing “bubble,” the sense of stagnation, and the sense of inequity is a distressing lack of homes.In this brief, based on the evidence...
Persistent link: https://www.econbiz.de/10012837730
This is the first study to test for a winner's curse in a bubble market. Our hand-collected sample comprises the entire sequence of bids and the experience of the winning bidder at Irish residential real estate auctions, prior to the collapse of the bubble. Portfolios of practitioner-selected...
Persistent link: https://www.econbiz.de/10012935301