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Unequal Expansion of Housing Prices in Oakland, CA During the House Price Bubble of 2003-2006

Davis, John B - 2014

Across the city of Oakland, CA, home prices increased 49% from mid-2003 to mid-2006 when estimated by hedonic methods. However, there was great variation in price growth across neighborhoods during this period. In neighborhoods of predominantly minority poor residents, home prices increased...

Persistent link: https://www.econbiz.de/10013061781

Is there a national housing market bubble brewing in the United States?

Gupta, Rangan; Ma, Jun; Theodoridis, Konstantinos; … - 2020

We use a time-varying parameter dynamic factor model with stochastic volatility (DFM-TV-SV) estimated using Bayesian methods to disentangle the relative importance of the common component in FHFA house price movements from state-specific shocks, over the quarterly period of 1975Q2 to 2017Q4. We...

Persistent link: https://www.econbiz.de/10012229804

House Price Bubble Detection in Ukraine

Shmygel, Alona; Hoesli, Martin - 2022

bubbles are detected using two approaches: ratios and regression analysis. Two variants of each method are considered. We …

Persistent link: https://www.econbiz.de/10014239189

Real estate and the great crisis : lessons for macro-prudential policy

Duca, John V.; Popoyan, Lilit; Wachter, Susan M. - 2016

underpricing of risk made possible by regulatory arbitrage and shadow financing fueled the credit and twin real estate bubbles of … the mid-2000s. Across countries and over time bubbles have been particularly acute in real estate markets reflecting not …

Persistent link: https://www.econbiz.de/10011509124

Asset price bubbles : existence, persistence and migration

Gómez González, José Eduardo; Ojeda-Joya, Jair N.; … - In: The South African journal of economics 85 (2017) 1, pp. 52-67

Persistent link: https://www.econbiz.de/10011667418

A Cointegration Test to Verify the Housing Bubble

Arshanapalli, Bala - 2015

Housing prices in the US rose rapidly from 2000-2007Q3. Based on this evidence, the financial and general press concluded the US experienced a housing bubble. The efficient market theory denies the possibility of a bubble. This paper applies the statistical technique of cointegration to...

Persistent link: https://www.econbiz.de/10013039155

An analysis to detect exuberance and implosion in regional house prices in Turkey

Ceritoǧlu, Evren; Cilasun, Seyit Mümin; Demiroğlu, Ufuk - In: Central Bank review / Central Bank of the Republic of Turkey 19 (2019) 2, pp. 67-82

The aim of this paper is to find out whether there is exuberance in regional house prices in Turkey. For this purpose, we analyze real hedonic house prices and price to rent ratios countrywide as well as for 26 geographic regions at the NUTS2 level from January 2010 to January 2019. We perform...

Persistent link: https://www.econbiz.de/10012036945

Signaling Asset Price Bubbles with Time-Series Methods

Taipalus, Katja - 2012

This paper provides an early warning indicator for bubbles in financial markets. The indicator is based on traditional … consensus bubbles and gives warning signals well ahead of the crash, in most cases as early as 12 months ahead. The indicator … also signals most of the 'negative bubbles' before their turning points …

Persistent link: https://www.econbiz.de/10013111338

Bubble contagion : evidence from Japan's asset price bubble of the 1980-90s

Hu, Yang; Oxley, Les - In: Journal of the Japanese and international economies : … 50 (2018), pp. 89-95

Persistent link: https://www.econbiz.de/10012111868

The Option Value of Vacant Land : Don't Build when Demand for Housing Is Booming

Lange, Rutger‐Jan; Teulings, Coen N. - 2021

Urban structures and urban growth rates are highly persistent. This has far-reaching implications for the optimal size and timing of new construction. We prove that rational developers postpone construction not because prospects are gloomy, but because they are bright. The slow mean reversion in...

Persistent link: https://www.econbiz.de/10013236252