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Fundamental and speculative demands for housing

Lian, Weicheng - 2019

This paper separates the roles of demand for housing services and belief about future house prices in a house price cycle, by utilizing a feature of user-cost-of-housing that it is sensitive to demand for housing services only. Optimality conditions of producing housing services determine...

Persistent link: https://www.econbiz.de/10012009613

Misinformed Speculators and Mispricing in the Housing Market

Chinco, Alex - 2014

This paper uses transactions-level deeds records to examine how out-of-town second house buyers contributed to mispricing in the housing market. We document that out-of-town second house buyers behaved like misinformed speculators and drove up both house price and implied-to-actual rent ratio...

Persistent link: https://www.econbiz.de/10012458847

Prices, Rents and Rational Speculative Bubbles in the Sydney Housing Market

Hatzvi, Eden; Otto, Glenn - 2009

We examine whether asset pricing theory can explain residential property prices. Using quarterly data for Local …

Persistent link: https://www.econbiz.de/10014212346

Chapter 11. Housing Bubbles

Glaeser, Edward L.; Nathanson, Charles G. - In: Handbook of regional and urban economics : volume 5, (pp. 701-751). 2015

Housing markets experience substantial price volatility, short-term price change momentum, and mean reversion of prices … bubble. In this chapter, we review the stylized facts of housing bubbles and discuss theories that can potentially explain … swings in simple rational models. An incorrectly underpriced default option can make rational bubbles more likely. Many …

Persistent link: https://www.econbiz.de/10014025304

Asymmetric financial indexation and speculative rational price bubbles in the housing market

Valenzuela-Silva, Mario I.; Martinez-Vazquez, Jorge; … - 2023

Persistent link: https://www.econbiz.de/10014382477

Speculative dynamics of prices and volume

DeFusco, Anthony A.; Nathanson, Charles G.; Zwick, Eric - In: Journal of financial economics 146 (2022) 1, pp. 205-229

Persistent link: https://www.econbiz.de/10013482207

Speculative investors and transactions tax : evidence from the housing market

Fu, Yuming; Qian, Wenlan; Yeung, Bernard - In: Management science : journal of the Institute for … 62 (2016) 11, pp. 3254-3270

Persistent link: https://www.econbiz.de/10011617110

Housing bubbles

Glaeser, Edward L.; Nathanson, Charles G. - 2015

Persistent link: https://www.econbiz.de/10011389143

Housing Bubbles

Glaeser, Edward L. - 2015

Housing markets experience substantial price volatility, short term price change momentum and mean reversion of prices … bubble. In this paper, we review the stylized facts of housing bubbles and discuss theories that can potentially explain … bubbles. Many non-rational explanations for real estate bubbles exist, but the most promising theories emphasize some form of …

Persistent link: https://www.econbiz.de/10013032705

Short-run momentum, long-run mean reversion and excess volatility : an elementary housing model

Schmitt, Noemi; Westerhoff, Frank H. - In: Economics letters 176 (2019), pp. 43-46

Persistent link: https://www.econbiz.de/10012121226