during busts. The standard model of housing demand treats housing as a quantity of "housing services", an imaginary … housing services as fixed is able to do this. This is shown by means of a formal analysis of a model in which households that … differ in income are allocated over a given housing stock. In particular, the model predicts that the price of housing as a …

often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing … all parts of the housing market. Our approach is based on a generalization of the familiar (constant unit price) Muth … model to a situation of in which the unit price of housing services may depend on the quality level. We apply the method to …

preferences, and compare housing preferences and marginal willingness to pay for amenities between groups based on skill levels …

and that they are relatively often owner-occupiers and live in more expensive housing. Their commutes are relatively short …

have more difficulties in explaining short run developments of the housing markets. However, the fact that during such …. We also show that commonly used housing market indicators, notably the number of vacancies (houses for sale) and the time …

Elderly home-owners get institutionalized less often than renters do. We hypothesize that housing tenure itself … find a negative effect of housing tenure on the probability of moving to a nursing home between two subsequent waves. This …. We could not reduce this finding to a variety of explanations directly related to housing tenure. There was no …

often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing … all parts of the housing market. Our approach is based on a generalization of the familiar (constant unit price) Muth … model to a situation of in which the unit price of housing services may depend on the quality level. We apply the method to …