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Housing price uncertainty and housing prices in the UK in a time-varying environment
This study offers a new perspective on the dynamic causal relationship between housing price uncertainty and housing prices in a time-varying...
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A Revisit of Supply Elasticity and Within-city Heterogeneity of Housing Price Movements
While supply elasticity can explain why housing prices appreciate by different amounts across cities, it may play a lesser role in smaller geographic...
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The price elasticity of senior housing demand: is it a necessity or a luxury?
Senior housing properties provide tailored lifestyle, housing, and personal care services to aging adults. Having emerged from needs-based settings,...
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Spatial heterogeneity of marginal willingness to pay for air quality in PM2.5: analysis of buyers’ housing price in Bei**g through hedonic price, spatial regression, and quantile regression models
Valuing air quality can help governments better evaluate the economic benefits of policies related to air pollution. However, many studies ignore...
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Price Exuberance and Contagion across Housing Markets: Evidence from US Metropolitan Areas
Contagion occurs when cross-market correlation increases because of a shock to one market. Identifying shocks as episodes of house price exuberance,...
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Oil Price Dynamics and Housing Demand in Oil Producing Counties in the U.S.
We assess the impact of changes in oil prices on building permit applications in the top oil-producing counties, using monthly data between 2004 and...
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Impacts of demand and supply-side interventions on South Korea’s housing markets: a dynamic housing-CGE analysis
This paper examines the impacts of housing market policies in Korea by develo** a dynamic computable general equilibrium model integrating regional...
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Housing market trends: analyzing housing dynamics, evaluating mortgage risk, and understanding the impact of filtering on affordability
Since 2012, the AEI Housing Center has been a leader in cutting-edge data and research on numerous housing market metrics such as mortgage risk,...
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Housing price diffusions in mainland China: evidence from a spatially penalized graphical VAR model
Although China has a large territory, few studies consider the factor of geographical distance when studying spatial interactions among city-level...
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Rational housing demand bubble
We provide a unified framework with demand for housing over the life cycle and financial frictions to analyze the existence and macroeconomic effects...
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Politics, Financial Regulation and Housing Bubbles
Recent housing bubbles in OECD countries have been accompanied by large-scale household debt buildups and rising homeownership rates, and have...
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Housing GANs: Deep Generation of Housing Market Data
Modeling housing markets is a challenging and central research area since they are highly related to the economy. However, the limited available data...
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Housing prices in Spain: convergence or decoupling?
In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We rely on a regime-switching...
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Assessing Housing Market Crashes over the Past 150 years
We assess the predictability of housing market crashes in 18 countries over the years 1870–2020. We find that the rent-to-price ratio is a leading...
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Market Strength and Brokerage Choice in Residential Housing
This study develops a theoretical model examining the relation between housing market strength and brokerage choice. Our model shows that although...
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Hedging against inflation: housing versus equity
To which extent do equity and housing hedge against inflation? Despite the extensive literature, there is only little consensus. This paper presents...
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Credit Tightening and Housing Prices: Empirical Research on the Channel of the Housing Supply Side
Little is known about how credit affects housing prices from the housing supply side. The Chinese government has implemented a differential credit...
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Working from home, wages, housing prices, and welfare
This paper studies the effects of working from home (WFH) on wages, housing prices, utilities and welfare in a simple model. The model consists of...
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Optimal Portfolios for Large Investors in Housing Markets Under Stress Scenarios: A Worst-Case Approach
The study focuses on constructing a mathematical housing market threatened by a major catastrophic event or crash. It incorporates the worst-case...
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Drivers of European housing prices in the new millennium: demand, financial, and supply determinants
Many countries in Europe have experienced a steady increase in housing prices over the past decade, which continued even during the recent crisis. We...
