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The purpose of this chapter is to survey recent research on housing markets and policy in what used to be called the “second” and “third” worlds. We adopt the labels “transition” economies to refer to countries as disparate as Russia and Vietnam, and “developing” to refer to...
Persistent link: https://www.econbiz.de/10014023955
Physical climate risks can have a large regional impact, which can influence mortgage loans' credit risk and should be priced by the lenders. Motivated by the relevance of climate change for financial intermediaries, our paper aims at analysing if physical climate risks are being reflected in...
Persistent link: https://www.econbiz.de/10015339691
Persistent link: https://www.econbiz.de/10012794094
on the foodplain, as defined by the National Flood Insurance Program (NFIP), relative to properties located elsewhere …
Persistent link: https://www.econbiz.de/10012910751
number of people. Yet today most households are uninsured, or underinsured, against flood losses and may incorrectly perceive … delayed in the post-disaster period. This paper synthesizes existing research on the nature of flood risk and the housing … household balance sheets. We also consider flood risk externalities affecting the housing market more broadly …
Persistent link: https://www.econbiz.de/10012865943
In this paper, we explore dynamic changes in the capitalization of sea level rise (SLR) risk in housing and mortgage markets. Our results suggest a disconnect in coastal Florida real estate: From 2013-2018, home sales volumes in the most-SLR-exposed communities declined 16-20% relative to...
Persistent link: https://www.econbiz.de/10012482150
In this paper, we explore dynamic changes in the capitalization of sea level rise (SLR) risk in housing and mortgage markets. Our results suggest a disconnect in coastal Florida real estate: From 2013-2018, home sales volumes in the most-SLR-exposed communities declined 16-20% relative to...
Persistent link: https://www.econbiz.de/10013215729
In this paper, we explore dynamic changes in the capitalization of sea level rise (SLR) risk in housing and mortgage markets. Our results suggest a disconnect in coastal Florida real estate: From 2013-2018, home sales volumes in the most-SLR-exposed communities declined 16-20% relative to...
Persistent link: https://www.econbiz.de/10013291780
I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in a redistributive growth model by introducing exposure of households and firms to extreme weather events, that damage their housing capital and physical capital, respectively....
Persistent link: https://www.econbiz.de/10014351282
Persistent link: https://www.econbiz.de/10014261243