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House Price Efficiency: Expectations, Sales, Symmetry

Grimes, Arthur; Aitken, Andrew; Kerr, Suzi - EconWPA - 2004

An efficient housing market is of critical importance for individual welfare and for a well-functioning economy. We test the efficiency of this market by estimating the factors that determine both the long-run and the dynamic paths of regional house prices. Our tests use a new quarterly regional...

Persistent link: https://www.econbiz.de/10005407861

Booms, Busts and Ripples in British Regional Housing Markets

Cameron, Gavin; Muellbauer, John; Murphy, Anthony - EconWPA - 2005

We present and discuss an annual econometric model of regional house prices in Britain estimated over the period 1972 to 2003. The model, which consists of a system of inverted housing demand equations, is data consistent, incorporates spatial lags and errors, has some spatial coefficient...

Persistent link: https://www.econbiz.de/10005412599

House Prices and Housing Investment in Sweden and the UK. Econometric analysis for the period 1970-1998.

Barot, Bharat; Yang, Zan - EconWPA - 2004

We estimate quarterly dynamic housing demand and investment supply models for Sweden and UK for the sample period 1970-1998 using an Error Correction Method (ECM). This method requires as a preliminary step that we test for the order of integration and cointegration. The ECM models seem...

Persistent link: https://www.econbiz.de/10005412864

What’s the Beef with House Prices? Economic Shocks and Local Housing Markets

Grimes, Arthur; Aitken, Andrew - EconWPA - 2005

We examine the impact of shocks on community outcomes. The shocks that we examine are exogenous economic shocks which occur externally to the local community, and which are hypothesised to impact on the community. By testing the impact of these shocks on community developments, we enrich...

Persistent link: https://www.econbiz.de/10005062526

The Rent-Price Ratio for the Aggregate Stock of Owner-Occupied Housing

Davis, Morris A.; Lehnert, Andreas; Martin, Robert F. - EconWPA - 2005

We construct a time series of the rent-price ratio for the owner- occupied stock of housing, starting in 1960:1, by merging micro data from the last five Decennial Censuses of Housing with price indexes for house prices and rents.

Persistent link: https://www.econbiz.de/10005118973

De schuld van het Nederlandse huishouden?

Groeneveld, Hans; Haas, Ralph de - EconWPA - 2002

De afgelopen jaren bereikten de aandelenkoersen met grote regelmaat nieuwe recordhoogten en zijn de Nederlandse huizenprijzen flink gestegen. De hausse op de aandelen- en huizenmarkt hangt voor een belangrijk deel samen met het gunstige economische klimaat en de relatief lage rente in combinatie...

Persistent link: https://www.econbiz.de/10005561751

A Dynamic Analysis of Mortgage Arrears in the UK Housing Market

Figueira, Catarina; Glen, John; Nellis, Joseph - EconWPA - 2005

recession for more than a decade has been accompanied by a sustained decline in the level of mortgage arrears, as reported by … major lenders. This paper seeks to examine the factors which have driven the reduction in mortgage arrears and, in doing so … model is estimated in order to examine long-run and short-run dynamics in mortgage arrears. In line with previous research …

Persistent link: https://www.econbiz.de/10005062515

Housing and Labor Market Connections: the Portuguese Case

Carvalho, Pedro Guedes - EconWPA - 2002

In a former research group 1 where I worked (1996 to 1999), the core of the study was to compare the four southern European housing systems - Portugal, Spain, Italy and Greece Œ under the assumption that they had a different path other than northern European countries. We had the personal...

Persistent link: https://www.econbiz.de/10005076780

Housing Demand in Portugal

Carvalho, Pedro Guedes - EconWPA - 2003

In a former study (Carvalho 1995) we modeled the housing market in Portugal in a classic cross section framework and did find that housing construction was dependant from income, population and sensitive to location. Nevertheless we couldn<92>t find the extent of this sensitivity in such a...</92>

Persistent link: https://www.econbiz.de/10005119161