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Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing...
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time-to-sell determines the mortgage standards of competitive lenders, measured by the maximum loan-to-value (LTV) ratio …
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We estimate a structural model of the Irish housing and mortgage markets and isolate the role of demand and supply … factors in each market. We focus on the pre-2004 period during which house prices and mortgage credit exhibited a stable … relationship. We find that mortgage demand is determined by interest rates, income and house price growth while mortgage supply is …
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positive shocks to the Federal Funds Rate are associated with housing price changes in the negative direction and the mortgage … rate in the positive direction. Shocks to the mortgage rate have no statistically significant impact on housing prices …
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