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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

Hyperbolic Discounting, Reference Dependence and Its Implications for the Housing Market

Sun, Hua - 2012

The influential work of Genesove and Mayer (2001) uses loss aversion theory to explain several puzzling behaviors in the housing market. In this study, we present an alternative theory, which does not require an asymmetric value function, to observe the same “loss aversion” behavior....

Persistent link: https://www.econbiz.de/10013101476

Supply shock versus demand shock : the local effects of new housing in low-income areas

Asquith, Brian J.; Mast, Evan; Reed, Davin - 2020

We study the local effects of new market-rate housing in low-income areas using microdata on large apartment buildings, rents, and migration. New buildings decrease nearby rents by 5 to 7 percent relative to locations slightly farther away or developed later, and they increase in-migration from...

Persistent link: https://www.econbiz.de/10012198561

Supply shock versus demand shock : the local effects of new housing in low-income areas

Asquith, Brian J.; Mast, Evan; Reed, Davin - 2019

Persistent link: https://www.econbiz.de/10012137676

Information Shock of Disaster and Hazard : Impact of Kaohsiung Gas Explosions and Risk Disclosure on the Equalizing Difference in the Housing Market

Liao, Wen-Chi; Luo, Yilan; Sun, Yajie - 2021

Disasters could damage the economy and market. Many studies inquire how a calamitous event changes household risk … disaster risks. We fill this gap, analyzing a quasi-natural experiment with two events: the 2014 Gas Explosions in Kaohsiung … difference from the price changes induced by risk perception adjustments. The Empirical analysis applies 2013-2016 housing …

Persistent link: https://www.econbiz.de/10013313861

Recourse and (Strategic) Mortgage Defaults : Evidence from Changes in Housing Market Laws

Andrieş, Alin Marius; Copaciu, Anca; Popa, Radu; … - 2021

We study the impact of changes in recourse legislation on mortgage defaults. Romania provides us with an ideal experimental setting to identify this impact. Using a large dataset of mortgage loans granted between 2003 and 2016, we exploit an exogenous variation in Romanian recourse policy and...

Persistent link: https://www.econbiz.de/10013314687

Monetary policy and real estate price distortions : how bank lending amplifies housing market imbalances

Baye, Vera; Dinger, Valeriya - 2025

We empirically document deviations of residential real estate prices from fundamental values at the micro level and investigate their relationship with local bank lending growth during a period of unconventional monetary policy. Our findings indicate a positive relationship between credit growth...

Persistent link: https://www.econbiz.de/10015397364

Housing affordability in Germany and its dynamics

Balz, Felix Florian - In: Prague economic papers : a bimonthly journal of … 34 (2025) 1, pp. 78-97

The study examines housing affordability in Germany from 2017 to 2023 in light of rising real estate prices and challenges in the housing market. It uses the Housing Affordability Index to identify trends and patterns and propose policy measures to tackle the problems. The results show regional...

Persistent link: https://www.econbiz.de/10015413424

Changes in the hedonic valuation of amenities and characteristics in post-pandemic residential property markets

Xu, Shiwen - 2025

This study examines whether the COVID-19 pandemic led to lasting shifts in residential housing valuation in the UK, focusing on Greater London and seven major cities. The following questions are addressed: a) Was this change in residential valuations temporary, or is it likely to be permanent?...

Persistent link: https://www.econbiz.de/10015427275