We document that home ownership of households with 'heads' aged 25-44 years fell substantially between 1980 and 2000 and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as improvements in mortgage opportunities seemingly made it...

Reported attitudes towards immigrants are sometimes used as a proxy for ethnic discrimination. However, there is little empirical evidence of a link between attitudes and discrimination. In this paper, we use survey data on people's attitudes towards immigrants combined with data on ethnic...

We give general conditions for the data generating process to facilitate the testing of structural dependence of turnover on the average (or median) price in the homogenous housing market. Furthermore, the implications of aggregation over sub-markets is studied. A plausible explanation of the...

This document provides an overview of the housing system in Colombia, exploring its socioeconomic and financial determinants and offering recommendations to improve the collection of basic data on the construction sector, household socioeconomic conditions, and mortgage markets. The paper also...

We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following the end of the Federal Reserve expansionary cycle in June 2003, mortgage rates failed to rise according to their historical relationship with Treasury yields, leading to...

Das Schlusskapitel widmet sich den Erkenntnissen aus der Analyse der aktuellen Herausforderungen, mit denen die Wohnungsmärkte in den wachsenden Regionen Baden-Württembergs konfrontiert sind. Die sich in den betrachteten Jahren abbildende Dynamik des Markt- und Wanderungsgeschehens hat die...

Die Bevölkerung der Region Stuttgart ist seit 2010 gewachsen. Vor allem das Oberzentrum Stuttgart kann aufgrund von Flächenengpässen beim Wohnungsbau seine Wachstumspotenziale kaum noch heben. Dies hat zur Folge, dass die Mieten und Immobilienpreise in den letzten Jahren stark gestiegen sind...

Seit 2005 zeigt sich in den Ober- und Mittelzentren der baden-württembergischen Wachstumsregionen ein Reurbanisierungstrend, der zu einem teils deutlichen Anstieg der Nachfrage nach urbanen Wohnstandorten führte. Insbesondere die Kernstädte sind immer weniger in der Lage, den hierdurch...

In October 2003, a new flight regime was introduced at Zurich airport that significantly changed the levels of noise pollution in surrounding communities. We investigate the impact of the new flight policy on apartment prices using a hedonic price model and a non-linear difference-in-differences...

We study decentralized trade processes in general exchange economies and house allocation problems with and without money. Such processes are subject to persistent random shocks stemming from agents’ maximization of random utility. By imposing structure on the utility noise term —logit...