Showing 1 - 10 of 129
A considerable housing boom has been a key feature of persistently large saving-investment imbalances in New Zealand over the past decade. Wealth is concentrated to a greater extent in property compared to most other OECD countries, leaving households and the banking system heavily exposed to a...
Persistent link: https://www.econbiz.de/10009149950
homeownership would free up public resources and reduce the bias towards homeownership. Other challenges to the efficiency of the …
Persistent link: https://www.econbiz.de/10011276969
Homeownership rates have increased significantly in many OECD countries over recent decades. Using micro … homeownership rates remains unexplained by shifts in household characteristics, leaving a potential role for public policy in … explaining developments in homeownership rates. Panel estimates suggest that the relaxation of down-payment constraints on …
Persistent link: https://www.econbiz.de/10008873251
House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...
Persistent link: https://www.econbiz.de/10011276860
Les prix des logements ont sensiblement augmenté au Canada au cours des dix dernières années, portant la dette des ménages et la construction de logements à des points hauts historiques. Bien que le durcissement de la politique macroprudentielle ait ralenti la croissance des emprunts des...
Persistent link: https://www.econbiz.de/10012454769
affordability. While additional supply in the private rental market provides an alternative to homeownership for a significant …
Persistent link: https://www.econbiz.de/10009643456
The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing prices and investment recovered to reach new peaks. This paper uses a small econometric model to assess the role of fundamentals in housing price and investment developments....
Persistent link: https://www.econbiz.de/10011276861
This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second...
Persistent link: https://www.econbiz.de/10011276945
Access to adequate housing remains challenging in Mexico as many low- and middle- income households cannot afford purchasing a house because of high housing prices and limited access to credit. An underdeveloped housing rental market and insufficient supply of social and affordable housing force...
Persistent link: https://www.econbiz.de/10015081440
The responsiveness of housing supply to changes in prices bears important implications for the evolution of housing prices and the speed of adjustment of housing markets. This paper estimates the long-run price elasticity of new housing supply in 21 OECD countries based on a stock-flow model of...
Persistent link: https://www.econbiz.de/10008799709