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Supply Restrictions, Subprime Lending and Regional US House Prices

Anundsen, André Kallåk; Heebøll, Christian - 2015

With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan Statistical Areas, we estimate a simultaneous boom-bust...

Persistent link: https://www.econbiz.de/10010500396

Do Real Estate Contingency Clauses Affect Selling Price and Time-on-the-Market?

Gordon, Bruce L.; Seiler, Michael J.; Siebert, Ralph; … - 2022

Real estate contracts often contain a wide variety of contingency clauses. These third-party approvals are often outside the seller's control and can lengthen the-time-on-the-market (TOM) and reduce the surety of close. To compensate for these undesirable attributes, buyers typically offer...

Persistent link: https://www.econbiz.de/10013427733

Gentrification and Affordable Housing Policies

Borck, Rainald; Gohl, Niklas - 2021

We use a quantitative spatial equilibrium model to evaluate the distributional and welfare impacts of a recent temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in particular the recent gentrification of inner city locations....

Persistent link: https://www.econbiz.de/10012799754

Gentrification and Affordable Housing Policies

Borck, Rainald; Gohl, Niklas - 2021

Persistent link: https://www.econbiz.de/10013312059

What's the Melting Pot Worth? Multiculturalism and House Prices

Cho, Rachel; Farag, Hisham; Görtz, Christoph; McGowan, … - 2025

Is there a multicultural neighborhood price premium? We exploit plausibly exogenous variation in British colonization patterns in Northern Ireland during the early 1600s which created neighborhoods of varying religious composition that persists until today. These religious groups are culturally...

Persistent link: https://www.econbiz.de/10015419079

Explaining spatial variation in homeownership rates: Results for German regions

Lerbs, Oliver; Oberst, Christian - 2011

A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of … spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional … disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated …

Persistent link: https://www.econbiz.de/10010274774

Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2014

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and …

Persistent link: https://www.econbiz.de/10010435738

Low Homeownership in Germany - A Quantitative Exploration

Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar; … - 2017

The homeownership rate in Germany is one of the lowest among advanced economies. To better understand this fact, we … analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with … payments by owner-occupiers. We build a lifecycle model with uninsurable income risk and endogenous homeownership in order to …

Persistent link: https://www.econbiz.de/10011777640

Home Ownership and Monetary Policy Transmission

Koeniger, Winfried - 2019

We present empirical evidence on the heterogeneity in monetary policy transmission across countries with different home ownership rates. We use household-level data together with shocks to the policy rate identified from high-frequency data. We find that housing tenure reacts more strongly to...

Persistent link: https://www.econbiz.de/10012892226

Pensions, Income Taxes and Homeownership : A Cross-Country Analysis

Fehr, Hans; Hofmann, Maurice; Kudrna, George - 2021

This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …

Persistent link: https://www.econbiz.de/10013216249