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Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers …' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that … have made significant progress lately. They are the rental market and related issues, housing affordability, people …
Persistent link: https://www.econbiz.de/10013461195
Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers …' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that … have made significant progress lately. They are the rental market and related issues, housing affordability, people …
Persistent link: https://www.econbiz.de/10014257887
economic recovery, fiscal support and high saving rates amid negative real interest rates explain part of the strong housing … assessing housing market risks. Moderate increases in interest rates could help forestall speculative demand …
Persistent link: https://www.econbiz.de/10013297596
property in places different from their previous residences. Analyzing roughly 3 million U.S. housing transactions by OOT … profound influence of extrapolative belief on local housing market dynamics …
Persistent link: https://www.econbiz.de/10014349156
Do higher real-estate agent fees imply better performance? This study uses a nation-wide data set of residential real-estate transactions in the Netherlands from 1985 to 2011 to provide evidence against this. Brokers with a flat-fee structure who charge an up-front fee (which is substantially...
Persistent link: https://www.econbiz.de/10011662547
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012425673
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012388100
Do higher real-estate agent fees imply better performance? This study uses a nation-wide data set of residential real-estate transactions in the Netherlands from 1985 to 2011 to provide evidence against this. Brokers with a flat-fee structure who charge an up-front fee (which is substantially...
Persistent link: https://www.econbiz.de/10011658754
A general equilibrium model, that incorporates endogenous production and local housing markets, is developed in order … to explain the price relationship among human capital, housing, and stocks, and to uncover the role of housing in asset … pricing. Housing serves as an asset as well as a durable consumption good. It is shown that housing market conditions …
Persistent link: https://www.econbiz.de/10005619522
Housing is the most important asset in the portfolio of most households. For all households it is an important …, housing finance is a crucial importance to the macro-economic system as mortgage loans account for a large proportion of bank … indicators for monitoring the health of the banking sector. This article aims to present a comparative analysis of the housing …
Persistent link: https://www.econbiz.de/10013037239