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The policy-driven boom and bust in the housing market: Evidence from Mongolia
Doojav, Gan-Ochir; Damdinjav, Davaasukh - 2019
This paper examines the effects of a mortgage interest rate subsidy on boom and bust in the housing market by … exploiting the Housing Mortgage (HM) program implemented in Mongolia. Main results are (i) the recent housing boom occurred from … have a significant influence on the housing price dynamics, (iii) mortgage interest rate semi-elasticity and real household …
Persistent link: https://www.econbiz.de/10015218401
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Do potential future health shocks keep older Americans from using their housing equity?
Murray, Tim - 2019
It is a well-established fact that many retirees do not utilize their accumulated housing equity to help smooth and increase consumption in retirement as is predicted by the Life-Cycle Hypothesis. In this paper, I explore how older Americans may retain their housing equity to help pay off...
Persistent link: https://www.econbiz.de/10015228257
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Do potential future health shocks keep older Americans from using their housing equity?
Murray, Tim - 2019
Many retirees retain housing equity and do not utilize it to help finance spending on consumption. In this paper, I examine how older Americans (age 55+) may engage in precautionary savings where households would sell their house in the event they face an increase in out-of-pocket medical...
Persistent link: https://www.econbiz.de/10015264286
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Does Zillow Rent Measure Help Predict CPI Rent Inflation?
Kishor, N. Kundan - 2024
This paper examines the usefulness of the Zillow Observed Rent Index (ZORI) in predicting CPI rent inflation. Using data from February 2015 to October 2023, we demonstrate that while ZORI provides valuable insights into future movements in CPI rent inflation, its effectiveness is limited to...
Persistent link: https://www.econbiz.de/10015213402
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Housing Market and Entrepreneurship: Micro Evidence from China
Han, Bing; Han, Lu; Zhou, Zhengyi - 2020
Using a unique survey data of Chinese households, we study the impact of house price growth and house price risk on entrepreneurship. House price risk, measured as the sensitivity of house price growth to local GDP growth, negatively impacts the entrepreneurship of homeowners relative to...
Persistent link: https://www.econbiz.de/10015217254
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Which “Greenness” is Valued? Evidence from Green Condominiums in Tokyo
Yoshida, Jiro; Sugiura, Ayako - 2010
This is one of the first researches on price differentials of green buildings in Asia. Using a rich set of data on condominium transactions and mandatory evaluation of environmental performance in Tokyo, we estimate the effects of itemized green scores on transaction prices. Although green...
Persistent link: https://www.econbiz.de/10015221901
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Systemic Stability of Housing and Mortgage Market: From the observable to the unobservable
Xiao, Qin - 2010
which infers the unobservable household behavior from the observable patterns of housing and mortgage market activities. The … housing markets. The model also establishes, theoretically, multiple channels via which housing and mortgage markets interact …
Persistent link: https://www.econbiz.de/10015222249
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Systemic Stability of Housing and Mortgage Market: A state-dependent four-phase model
Xiao, Qin - 2010
which infers the unobservable household behavior from the observable patterns of housing and mortgage market activities. The … housing markets. The model also establishes, theoretically, multiple channels via which housing and mortgage markets interact …
Persistent link: https://www.econbiz.de/10015222621
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Real Estate, the External Finance Premium and Business Investment: A Quantitative Dynamic General Equilibrium Analysis
Jin, Yi; Leung, Charles Ka Yui; Zeng, Zhixiong - 2010
This paper studies the connection between the capital market and the real estate market. Empirically, we find that positive real house price shocks lower the external finance premium and stimulate nonresidential investment and real GDP. Our theoretical framework is able to mimic the volatility...
Persistent link: https://www.econbiz.de/10015224279
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Private renting in Romania
Gray, Patrick Francis; Epure, Manuela - 2010
The paper's aim is to present an overview on the PRS in Romania, emphasizing the main characteristics and the nature of PRS evolution after 1989. The past 20 years reveal some key-changes that occurred in the socio-economic and political life of the country and we have explored them as factors...
Persistent link: https://www.econbiz.de/10015225359