Showing 1 - 10 of 3,396
We conduct a survey experiment among 18,000 respondents in Germany to examine the determinants of support for rent control policies. Highlighting undesirable price and supply effects lowers respondents' agreement with rent control, while pointing out that it can prevent displacement of...
Persistent link: https://www.econbiz.de/10014377467
Leerstand auf dem Markt für Wohnimmobilien kann verschiedene Ursachen haben. In der Literatur gibt es eine Reihe von Ansätzen, um die Zusammenhänge, die zu Leerstand führen, zu beschreiben. In diesem Beitrag werden die grundlegenden Wirkungsmechanismen im Rahmen des Standardmarktmodells, der...
Persistent link: https://www.econbiz.de/10014522222
The authors study the responses to several questions related to real estate that were added to the Michigan Survey of Consumers in July and August 2011. In particular, they asked about attitudes toward renting versus buying a home, about commuting, and about how much to spend on a mortgage. By...
Persistent link: https://www.econbiz.de/10010377448
We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed overview of theoretical approaches that may explain the mechanisms causing vacancies under the assumptions of a standard market model, the search and matching theory and behavioral...
Persistent link: https://www.econbiz.de/10011815680
In this paper, I explore and explain how buy-to-let investors affect housing price dynamics. The impact of buy-to-let investors on the housing market is much discussed by policy makers, but previously not considered in the literature. I develop a structural search model that allows housing...
Persistent link: https://www.econbiz.de/10012145540
We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing market. Using a novel dataset, we analyse over 5 million residential property sale transactions in England and Wales, each containing information about sale price, property and...
Persistent link: https://www.econbiz.de/10012425575
This paper uses new household survey data to study expectation formation during the recent housing boom in Germany. The cross section of forecasts depends on only two household characteristics: location and tenure. The average household in a region responds to local conditions but underpredicts...
Persistent link: https://www.econbiz.de/10012623132
This paper examines whether the Mortensen-Pissarides matching model can account for the housing markets facts, most of all the empirical anomaly known as ‘price dispersion’. Our main finding is that the model can account for the three basic facts of housing market, without any restrictive...
Persistent link: https://www.econbiz.de/10011496171
We examine the evolution of spatial house price dispersion during Germany’s recent housing boom. Using a dataset of sales listings, we find that house price dispersion has significantly increased, which is driven entirely by rising price variation across postal codes. We show that both price...
Persistent link: https://www.econbiz.de/10015097008
We examine the evolution of spatial house price dispersion during Germany's recent housing boom. Using a dataset of sales listings, we find that house price dispersion has significantly increased, which is driven entirely by rising price variation across postal codes. We show that both price...
Persistent link: https://www.econbiz.de/10015057769