This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … negative correlation between price level and sales that has been found in a number of housing markets. It is also found that … the direct predictive ability of the fundamentals with respect to housing price growth and sales is overwhelmed by the …

In this study, regional differences in housing price dynamics are examined empirically using panel data models. We … as a test for the validity of conventionally used fixed-effects panel models to analyse regional housing price dynamics … concentrate on examining the momentum dynamics and the reversion speed towards fundamental price level. The analysis can be seen …

The often used housing price-to-income and housing price-to-rent ratios are problematic in housing market analysis and … may result in misleading conclusions. Instead, the no-arbitrage condition of housing market is a theoretically sound basis … to evaluate if housing prices are misaligned. Unfortunately, empirical applica-tion of the no-arbitrage condition has …

This paper analyzes the main determinants of tenure choice in Brazil in formal and informal housing markets. Logit and … good predictors for formal ownership. Education enhances the probability of being in the formal housing markets, either as …

The price of vacant land zoned for housing is expected to be tightly linked to housing prices. In informationally … efficient markets, vacant lot price movements should not lag changes in housing prices. In practice, however, the leading role … of housing appreciation with respect to vacant lot price growth may be caused by factors such as thin trading and lack of …

lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income … and borrowing behavior in a representative survey (GSOEP-IS). …

instruments to study international spillovers of prudential policy changes for bank lending growth. The collective analysis has … three main findings. First, prudential instrument effects sometimes spill over across borders through bank lending. Second … sheet conditions and business models drive the amplitude and direction of spillovers to lending growth rates. Third …