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Homeownership : low household mobility, volatile housing prices, high income dispersion
Ortalo-Magné, François; Rady, Sven - 2002
, we compare the response of this model economy to a labor shock with that of a rental-only version. This comparison yields …
Persistent link: https://www.econbiz.de/10011514075
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Supply shock versus demand shock : the local effects of new housing in low-income areas
Asquith, Brian J.; Mast, Evan; Reed, Davin - 2019
We study the local effects of new market-rate housing in low-income areas using microdata on large apartment buildings, rents, and migration. New buildings decrease nearby rents by 5 to 7 percent relative to locations slightly farther away or developed later, and they increase in-migration from...
Persistent link: https://www.econbiz.de/10012137676
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Supply shock versus demand shock : the local effects of new housing in low-income areas
Asquith, Brian J.; Mast, Evan; Reed, Davin - 2020
We study the local effects of new market-rate housing in low-income areas using microdata on large apartment buildings, rents, and migration. New buildings decrease nearby rents by 5 to 7 percent relative to locations slightly farther away or developed later, and they increase in-migration from...
Persistent link: https://www.econbiz.de/10012198561
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Homeownership : low household mobility, volatile housing prices, high income dispersion
Ortalo-Magné, François; Rady, Sven - 2002
, we compare the response of this model economy to a labor shock with that of a rental-only version. This comparison yields …
Persistent link: https://www.econbiz.de/10001739593
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Changes in Public Risk Perception after a Large Disaster : Evidence from the Housing Market
Yasuda, Shohei - 2019
The unprecedented damage caused by the Great East Japan Earthquake and nuclear disaster greatly altered people … how large-scale natural disasters influence people's perception toward disaster risk. We use large-scale property …
Persistent link: https://www.econbiz.de/10012861510
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Housing market dynamics : on the contribution of income shocks and credit constraints
Ortalo-Magné, François; Rady, Sven - 2001
This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement. The market interaction of young credit-constrained...
Persistent link: https://www.econbiz.de/10011398664
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Macroeconomic Labor Shocks and the Housing Market in England
Gregoir, Stéphane M. - 2011
The labour and housing markets are deeply connected. For any household, a position taken on one of these markets affects the decisions taken regarding the other market. On the one hand, home tenure (homeowner, private or social renter) impacts the probability to find a job through differences in...
Persistent link: https://www.econbiz.de/10013118235
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Local Effects of Global Capital Flows : A China Shock in the U.S. Housing Market
Li, Zhimin; Shen, Leslie Sheng; Zhang, Calvin - 2021
. Using transaction-level data, we document (i) a "China shock" in the U.S. housing market characterized by surging foreign …
Persistent link: https://www.econbiz.de/10013244290
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Aggregate shocks and the Brazilian housing market dynamics
Silva, Marcelo Eduardo Alves da; Besarria, Cássio da … - In: Economia : revista da ANPEC 20 (2019) 2, pp. 121-137
shocks, while a contractionary monetary policy shock depress housing output, demand and prices. Additionally, we find …
Persistent link: https://www.econbiz.de/10012171072
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Demand Shocks, Price Stickiness and Frequency-Dependent Heterogeneity in Housing Market Dynamics
Fan, Ying - 2020
frequency-dependent perspectives. We focus on three types of demand shocks, namely total demand shock, housing preference shock … and credit constraint shock. Heterogeneity between the housing and consumption goods sectors is considered to generate … housing demand, and the impacts of credit constraint shock are important in affecting the mortgage demand. Using wavelet …
Persistent link: https://www.econbiz.de/10014352149