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A novel housing price misalignment indicator for Germany

Hertrich, Markus - 2019

From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive over-heating of the housing market. To assess the vulnerability of the German housing market to a future realignment of prices or even a...

Persistent link: https://www.econbiz.de/10012098990

Is there a national housing market bubble brewing in the United States?

Gupta, Rangan; Ma, Jun; Theodoridis, Konstantinos; … - 2020

We use a time-varying parameter dynamic factor model with stochastic volatility (DFM-TV-SV) estimated using Bayesian methods to disentangle the relative importance of the common component in FHFA house price movements from state-specific shocks, over the quarterly period of 1975Q2 to 2017Q4. We...

Persistent link: https://www.econbiz.de/10012229804

Testing for Bubbles in Housing Markets : A Panel Data Approach

Mikhed, Vyacheslav; Zemčik, Petr - 2008

We employ recently developed cross-sectionally robust panel data tests for unit roots and cointegration to find whether … ten-year periods, price-rent ratios, and the panel data tests to construct a bubble indicator. The indicator is high for … the late 1980s, early 1990s and since the late 1990s for both panels. Finally, evidence based on panel data Granger …

Persistent link: https://www.econbiz.de/10014219293

Assessing house prices in Germany : evidence from an estimated stock-flow model using regional data

Kajuth, Florian; Knetsch, Thomas A.; Pinkwart, Nicolas - 2013

macroeconomic variables in Germany using a regional panel dataset for 402 administrative districts. Using regional data exploits the …

Persistent link: https://www.econbiz.de/10010202799

Can the Mortensen-Pissarides model match the housing market facts?

Lisi, Gaetano - 2012

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/10011524919

Assessing House Prices in Germany : Evidence from an Estimated Stock-Flow Model Using Regional Data

Kajuth, Florian - 2016

macroeconomic variables in Germany using a regional panel dataset for 402 administrative districts. Using regional data exploits the …

Persistent link: https://www.econbiz.de/10012988662

A Novel Housing Price Misalignment Indicator for Germany

Hertrich, Markus - 2019

Persistent link: https://www.econbiz.de/10012860819

Monetary policy and real estate price distortions : how bank lending amplifies housing market imbalances

Baye, Vera; Dinger, Valeriya - 2025

We empirically document deviations of residential real estate prices from fundamental values at the micro level and investigate their relationship with local bank lending growth during a period of unconventional monetary policy. Our findings indicate a positive relationship between credit growth...

Persistent link: https://www.econbiz.de/10015397364

The Demand and Supply Model of Housing : Evidence from the Turkish Housing Market

Varli, Yusuf - 2014

This paper models the demand and supply sides of the housing market separately. In the empirical analysis, the vector error correction model (VECM) is preferred to identify the impacts of fundamental macroeconomic factors on the demand and supply sides of the Turkish housing market between the...

Persistent link: https://www.econbiz.de/10013049224

Monetary policy, property prices and rents : evidence from local housing markets

Groiss, Martin; Syrichas, Nicolas - 2025

How do different monetary policy tools influence residential housing markets, and how do these effects vary between owner-occupied and rental segments? To answer this question, we assemble a new monthly regional dataset from 35 million real estate listings over the period 2007- 2023 and exploit...

Persistent link: https://www.econbiz.de/10015178380