Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series … credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand …

Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series … credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand …

Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series … credit eases liquidity constraints of households, which is likely to lead to higher demand for housing. On the other hand …

This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … negative correlation between price level and sales that has been found in a number of housing markets. It is also found that … the direct predictive ability of the fundamentals with respect to housing price growth and sales is overwhelmed by the …

This article provides new empirical evidence on the dynamics of price movements and transaction volume in the housing … negative correlation between price level and sales that has been found in a number of housing markets. It is also found that … the direct predictive ability of the fundamentals with respect to housing price growth and sales is overwhelmed by the …

We use a user-cost model to study how dispersed information among housing marketparticipants a¤ects the equilibrium … house price. In the model, agents are disparatelyinformed about local economic conditions, consume housing services, and … speculate onprice changes. Information dispersion leads agents to have heterogeneous expectationsabout housing demand and prices …

We study how a household borrowing constraint the the form of a down payment requirement affects house price dynamics … interest rate or aggregate income shocks. Moreover, because of the borrowing constraint, house price dynamics display … in an OLG model with standard preferences. We find that in certain situations the borrowing constraint shapes house price …

In this study, regional differences in housing price dynamics are examined empirically using panel data models. We … as a test for the validity of conventionally used fixed-effects panel models to analyse regional housing price dynamics … concentrate on examining the momentum dynamics and the reversion speed towards fundamental price level. The analysis can be seen …

In this study, regional differences in housing price dynamics are examined empirically using panel data models. We … as a test for the validity of conventionally used fixed-effects panel models to analyse regional housing price dynamics … concentrate on examining the momentum dynamics and the reversion speed towards fundamental price level. The analysis can be seen …

We study how a household borrowing constraint the the form of a down payment requirement affects house price dynamics … interest rate or aggregate income shocks. Moreover, because of the borrowing constraint, house price dynamics display … in an OLG model with standard preferences. We find that in certain situations the borrowing constraint shapes house price …