investigations reveal that the gap in housing outcomes is much more pronounced for the probability of home ownership than for home … value or home equity. Once households have entered the housing market, differences across gender, race and family type are …

higher levels of unemployment although home-owners tend to be unemployed less. The choice of housing tenure affects moving … mobility and unemployment, and discusses effects of government intervention in the housing market. In addition, it is shown …

In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute …

perishable goods and housing services. The explicit consumption and investment strategies are simple and intuitive and are …-form strategies are still very useful if the housing positions are only reset infrequently and if the investor is restricted from …

and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as …

-generation model with housing. We find that the long-run importance of the introduction of new mortgage products for the aggregate …

In this paper, we review the German practice of imputing the costs of owner-occupied housing by increasing the relative … weight of actual rents in the CPI. As the structure of owner-occupied housing differs substantially from that of rental … housing, this variant of the imputation method may cause a bias in the German CPI. For assessing the appropriateness of the …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

recovered only partially during the 2001{2005 housing boom. The 1980{2000 decline in young home ownership occurred as …

Housing is the single most important component of personal wealth in most countries. The special characteristics of … housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the … monetary transmission mechanism. This paper discusses how housing markets and institutions differ across countries, paying …