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High and low activity spells in housing markets

Smith, Eric - 2015

This paper demonstrates the way in which stock-flow matching with endogenous seller entry generates hot and cold spells …

Persistent link: https://www.econbiz.de/10011384560

The short and the long of it : stock-flow matching in the US housing market

Smith, Eric; Xie, Zoe; Fang, Lei - 2022

viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …

Persistent link: https://www.econbiz.de/10013419282

The impact of foreclosure on housing prices

Siebert, Ralph - 2015

The aim of the study is to explain if the foreclosure effect on prices is explained by a lower quality of foreclosed houses, which is a crucial aspect in the intelligibility of foreclosures. Based on a novel and comprehensive dataset, we estimate the impact of foreclosure on home prices in...

Persistent link: https://www.econbiz.de/10010477084

Cointegration of matched home purchases and rental price indexes : evidence from Sinpagore

Baltagi, Badi H.; Li, Jing - 2015

This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...

Persistent link: https://www.econbiz.de/10011350189

Why do buyers pay different prices for comparable products? : evidence from the housing market

Siebert, Ralph; Seiler, Michael J. - 2020

We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing attributes. Our results show that NLBs are willing to...

Persistent link: https://www.econbiz.de/10012225430

Limited attention in the housing market : threshold effects of energy-performance certificates on property prices and energy-efficiency investments

Sejas-Portillo, Rodolfo; Comerford, David; Moro, Mirko; … - 2020

We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing market. Using a novel dataset, we analyse over 5 million residential property sale transactions in England and Wales, each containing information about sale price, property and...

Persistent link: https://www.econbiz.de/10012308597

Early effects of the COVID-19 pandemic on housing market in the United States

Yörük, Barış K. - 2020

I use daily data from fifty major cities to investigate the early effects of the COVID-19 pandemic on housing market in the United States. I find that starting from the second half of March, 2020, new home listings and pending home sales started to decrease. By mid-April, certain markets...

Persistent link: https://www.econbiz.de/10012224225

Who bears the burden of real estate transfer taxes? : evidence from the German housing market

Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2021

This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...

Persistent link: https://www.econbiz.de/10012417752

Second-hand gentrification : theory and evidence from high-speed rail extensions

Loumeau, Gabriel; Russo, Antonio - 2022

This paper investigates whether and how gentrification spreads along intercity transport connections. We consider a model with heterogeneous individuals populating a primary and a secondary city, with commuting within and between cities. By reducing the cost of intercity commuting, the HSR...

Persistent link: https://www.econbiz.de/10013390938

Sense and sensitivity : an argument against reporting multiple net present values

Nesje, Frikk; Drupp, Moritz A.; Freeman, Mark; Groom, … - 2024 - Version date: December 5, 2024

We critically assess an almost universal Benefit-Cost Analysis (BCA) practice. In addition to the central Net Present Value (NPV), analysts frequently also report multiple additional values in what is commonly referred to as ‘NPV sensitivity analysis’. This practice is generally justified...

Persistent link: https://www.econbiz.de/10015158088