This paper develops a dynamic stochastic general equilibrium (DSGE) model with housing sector to study the effect of China’s new policies to real estate market. The model is estimated by Bayesian Maximum Likelihood methods using ten macro-economic time series over the period Q1 1999 to Q4...

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...

We consider a novel set of data comprising every transaction in the Netherlands’ housing market between 1995 and 2011, and take a closer look at the idiosyncratic risk as it played out in those years. Shiller and Weiss (1999) proposed a home equity insurance policy that eliminates...

Il nuovo istituto della perequazione "estesa" - cioè utilizzabile in qualunque luogo della città, qualechessia il luogo in cui ha trovato origine - presenta una intrinseca contraddizione: esso costituisce un passo in direzione della finanziarizzazione del settore immobiliare, e per questo...

Desegregation is a key policy issue in many countries. I investigate a residential desegregation program in Singapore - the ethnic housing quotas. I show that choice restrictions imposed on apartment blocks above the quota limits (constrained) could have distortionary effects, causing price and...

To understand the formation and extent of the speculative tsunami that sweeps the coast of the Spanish economy since the end of 2007, it is necessary to analyze the profitability of property sales in the past decade. This article analyzes economic and financial profitability, and the multiplier...

In this study, we examine the impact of real estate brokerage firm characteristics on real estate prices from 2008 to 2013. We focus on single-family homes and condominiums in Duval County, the largest county in the Northeast Florida real estate market. Contrary to most research findings to...

It is reasonable to believe that the degree of housing satisfaction may depend on the motivation of home owning as motivation has been an important reason in the explanation of homeownership. There is little empirical evidence demonstrating how homeownership motivation, as defined by local...

In this comment it is argued that Christophers´ misunderstands the nature of the post war housing model in Sweden. This was actually a market friendly model where rent and price regulations were seen as something temporary and that an increase in supply was the most important policy. It is...