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Osswald do Amaral, Francisco; Dohmen, Martin; Kohl, … - 2021

compensation for risk, especially for higher covariance with income growth and lower liquidity. Superstar real estate is …

Persistent link: https://www.econbiz.de/10012797899

Superstar returns

Osswald do Amaral, Francisco; Dohmen, Martin; Kohl, … - 2021

risk, especially for higher co-variance with income growth and lower liquidity. Superstar real estate is comparatively safe. …

Persistent link: https://www.econbiz.de/10012799478

Housing choices and labor income risk

Jansson, Thomas - 2013

I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest less in owner-occupied housing. Using a unique, Swedish register-based database, I find that a one standard deviation increase in the covariance between individually estimated...

Persistent link: https://www.econbiz.de/10010203021

Intergenerational spillovers : the impact of labor market risk on the housing market

Nam, Leanne Jae Youn - 2024

Unemployment leads to large and persistent income losses for workers. Higher unemployment in the labor market therefore …. The calibrated model replicates the empirically observed spillover effect for the U.S. economy. Higher income uncertainty … is the main driver of the spillover effect, rather than actual income losses. The spillover effect transmits one-third of …

Persistent link: https://www.econbiz.de/10015115100

How does a change in risk perception affect the housing market? : evidence from an industrial accident in France

Bléhaut, Marianne - 2014 - Preliminary version

In 2001, the AZF plant exploded in Toulouse (France). The accident was unexpected, it strongly damaged local housing and benefited from a wide media coverage. It provides a rare opportunity to analyze the consequences of a shift in risk perception on housing markets and neighborhoods subject to...

Persistent link: https://www.econbiz.de/10011487845

The Effects and Origins of House Price Uncertainty Shocks

Noh, Sanha - 2020

This paper investigates the effects of house price uncertainty shocks on economic activity, and traces the origins of the shocks. A Markov-switching vector autoregression (MS-VAR) model shows that house price uncertainty shocks in expansionary regimes increase residential investment, housing...

Persistent link: https://www.econbiz.de/10012842513

Why has home ownership fallen among the young?

Fisher, Jonas D. M.; Gervais, Martin - 2010 - Rev.

ownership ; tenure choice ; first-time home-buyers ; marriage ; income risk …

Persistent link: https://www.econbiz.de/10003817817

Why Has Home Ownership Fallen among the Young?

Fisher, Jonas D. M.; Gervais, Martin - 2009

We document that home ownership of households with "heads" aged 25-44 years fell substantially between 1980 and 2000 and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as improvements in mortgage opportunities made it easier to...

Persistent link: https://www.econbiz.de/10014209696

Guarding the Subjective Premium : Condemnation Risk Discounts in the Housing Market

Gay, Sebastien - 2015

We propose the condemnation risk discount theory, whereby home buyers deduct a discount from housing prices in the absence of insurance against the risk that the government will condemn their property for private transfer. Homeowners cannot separate out the negative risk that their home will be...

Persistent link: https://www.econbiz.de/10013033156

Risk Perception of Rare Catastrophic Events in Housing Markets : Evidence from Jet Crash Risk

D'Lima, Walter - 2020

We present evidence of differential effects of risk perception in the housing market. We use housing transaction data near military bases to examine capitalization of potential military jet accident risk in house prices. We find that properties in accident potential zones (APZs) transact at...

Persistent link: https://www.econbiz.de/10012847717