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Housing is the greatest asset held by most households, and it is an important determinant of their financing and … consumption decisions. Despite the fact that measuring housing wealth is crucial for understanding households' economic behavior … data requirements while still meeting international guidelines. Our results suggest housing wealth in Mexico has followed …
Persistent link: https://www.econbiz.de/10013440248
. To demonstrate the model's validity, we study policies advocated to reduce disparities: Do moving vouchers or housing … and wages. In contrast, our model shows that lower housing regulations in Vancouver can decrease the welfare gap between …-income cities becomes higher, reducing the incentive for low-wealth families to move precautionarily to locations with low housing …
Persistent link: https://www.econbiz.de/10014544583
. To demonstrate the model's validity, we study policies advocated to reduce disparities: Do moving vouchers or housing … and wages. In contrast, our model shows that lower housing regulations in Vancouver can decrease the welfare gap between …-income cities becomes higher, reducing the incentive for low-wealth families to move precautionarily to locations with low housing …
Persistent link: https://www.econbiz.de/10014293345
This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables … using a tractable, search-theoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model … constraints. During housing busts, longer selling times spill over into higher foreclosure risk, thereby magnifying the response …
Persistent link: https://www.econbiz.de/10010933610
This paper investigates the macroeconomic effects of search risk in the housing market. To do so, I introduce a … tractable directed search model of housing with mul- tidimensional buyer and seller heterogeneity. I incorporate this framework …. This mechanism establishes a novel link between housing and mortgage markets based on the illiquidity of housing. …
Persistent link: https://www.econbiz.de/10010933613
This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables … using a tractable, searchtheoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model … constraints. During housing busts, longer selling times spill over into higher foreclosure risk, thereby magnifying the response …
Persistent link: https://www.econbiz.de/10011798986
While Denmark has fairly flexible labour and product markets in most respects, the housing market stands out with large … direct and indirect subsidies for all types of housing and a highly regulated rental market hindering mobility, probably … resulting in a mismatch between housing needs and use. In the current housing policy framework there is quite a contrast between …
Persistent link: https://www.econbiz.de/10012445788
While Denmark has fairly flexible labour and product markets in most respects, the housing market stands out with large … direct and indirect subsidies for all types of housing and a highly regulated rental market hindering mobility, probably … resulting in a mismatch between housing needs and use. In the current housing policy framework there is quite a contrast between …
Persistent link: https://www.econbiz.de/10005046153
We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit differences in the incidence of Covid infections or short-time work at the...
Persistent link: https://www.econbiz.de/10013470341
We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit differences in the incidence of Covid infections or short-time work at the...
Persistent link: https://www.econbiz.de/10013470462