Similar Search Results

Availability, Affordability and Volatility : The Case of Hong Kong Housing Market

Leung, Charles K. - 2014

to unaffordability in the housing market. Given the current housing supply elasticity with respect to price, Hong Kong is … housing supply elasticity, could effectively decrease housing price volatility …Housing prices in Hong Kong have gained international attention. This study suggests that the housing supply may be …

Persistent link: https://www.econbiz.de/10013044063

Supply constraints and housing market dynamics

Paciorek, Andrew D. - 2011

Persistent link: https://www.econbiz.de/10009501960

Supply constraints and housing market dynamics

Paciorek, Andrew - In: Journal of urban economics 77 (2013), pp. 11-26

Persistent link: https://www.econbiz.de/10009786583

Housing Market Volatility in the OECD Area : Evidence from VAR Based Return Decompositions

Engsted, Tom - 2014

Vector-autoregressive models are used to decompose housing returns in 18 OECD countries into cash ow (rent) news and … driver, and both real interest rates and risk-premia play an important role in accounting for housing market volatility … whether excessively low interest rates by the monetary authorities was a major cause for the housing boom up to 2006 …

Persistent link: https://www.econbiz.de/10013064460

High and low activity spells in housing markets

Smith, Eric - 2015

This paper demonstrates the way in which stock-flow matching with endogenous seller entry generates hot and cold spells in house sales. Potential sellers know the number of bidders remaining from the last house sale. If two or more bidders remain, the seller obtains the gains to trade through...

Persistent link: https://www.econbiz.de/10011384560