Showing 1 - 10 of 8,414
Konsequenzen befassen. -- Asset-pricing ; GARCH ; house prices ; house price volatility …
Persistent link: https://www.econbiz.de/10003881343
-collapsing episodes of explosiveness for a panel of 23 countries from the Federal Reserve Bank of Dallas’ International House Price …
Persistent link: https://www.econbiz.de/10012851645
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
In this paper the authors set out to date-stamp periods of US housing price explosivity for the period 1830–2013. They … exuberance and collapse in the S&P 500, 2011a), which allows the recursive identification of multiple periods of price … date-stamps several periods of US house price explosivity, allowing the authors to contextualize its historic relevance. …
Persistent link: https://www.econbiz.de/10011812671
In this paper, the authors set out to date-stamp periods of US housing price explosivity for the period 1830-2013. They … of Exuberance and Collapse in the S&P 500, 2013), which allows the recursive identification of multiple periods of price …-stamps several periods of US house price explosivity, allowing us to contextualize its historic relevance. …
Persistent link: https://www.econbiz.de/10011674010
current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of …
Persistent link: https://www.econbiz.de/10013115530
Persistent link: https://www.econbiz.de/10015066330
Persistent link: https://www.econbiz.de/10012652762
We find that housing return volatility is negatively correlated with income at the zip-code level. We rationalize this finding with a model featuring a collateral constraint that translates income volatility to housing return volatility. Collateral constraints are tighter for lower-income areas,...
Persistent link: https://www.econbiz.de/10012967987
Vector-autoregressive models are used to decompose housing returns in 18 OECD countries into cash ow (rent) news and discount rate (return) news over the period 1970-2011. For the majority of countries news about future returns is the main driver, and both real interest rates and risk-premia...
Persistent link: https://www.econbiz.de/10013064460