Housing affordability is a crucial issue that affects both individual and societal well-being. Affordable housing ensures that households can meet their basic living needs without experiencing undue financial stress. It influences labor mobility, consumer spending, economic growth, and...

In recent years, land prices in Germany have skyrocketed to levels that were hardly thought possible. This has particularly affected prospering cities, where price increases of more than 100% have often been recorded since the turn of the millennium. The underlying causes are highly...

In recent years, land prices in Germany have skyrocketed to levels that were hardly thought possible. This has particularly affected prospering cities, where price increases of more than 100% have often been recorded since the turn of the millennium. The underlying causes are highly...

This study critically examines Shenzhen's centralized leasing initiatives aimed at transforming urban villages into Affordable Rental Housing (ARH) to address housing affordability for migrant workers. By analyzing three cases-the Ningmeng Talented Apartment (government-led), the Wancun Plan...

Household well-being is strongly influenced by changes in income - but real income is strongly determined by housing costs. The evolution of inequalities in both variables largely determines the development of living conditions between households. In this paper, we look at inequality trends...

This paper examines how housing market overvaluation—measured by the price-to-rent ratio and its deviations from long-term trends—affects the transmission of monetary policy. Using U.S. metropolitan-level data and three measures of monetary policy shocks, we find that house prices respond...

Housing affordability is a crucial issue that affects both individual and societal well-being. Affordable housing ensures that households can meet their basic living needs without experiencing undue financial stress. It influences labor mobility, consumer spending, economic growth, and...

The ECB concluded its strategy review in 2021 with a plan to include owner-occupied housing (OOH) costs in its inflation measure in the future. This paper uses the Bundesbank's online household panel to study how household expectations would react to this change. We conducted a survey experiment...

We study the effects of rental price changes on college enrollment rates. We exploit cross-district variation in the size and timing of local rental price booms in Germany during the 2010s. A one standard deviation increase in apartment rents decreased per-capita college enrollment by 1.1...

Die Erschwinglichkeit von Wohnraum ist ein zentrales Anliegen in der aktuellen politischen Debatte. Dabei gibt es Forderungen nach preisgünstigem Wohnraum aber auch solche nach direkter Unterstützung von einkommensschwachen Mietenden. Was ist letztlich effektiver? Der Verband Immobilien...

Alan Murie is Professor Emeritus of Urban and Regional Studies and was previously Director of the Centre for Urban and Regional Studies and Head of the School of Public Policy at the University of Birmingham, UK. Throughout his academic career, he has been actively involved in research and...

How do buy-to-let investors impact local housing markets and the composition of neighborhoods? We investigate this question by examining a Dutch legal ban on buy-to-let investments, exploiting quasi-experimental variation in its coverage. The ban effectively reduced investor purchases and...

This paper examines the short-run immigration effects on prices for owner-occupied housing and rents in Switzerland, exploiting regional variation at the level of 106 local labor markets ("Mobilité Spatiale" regions) and 26 cantons, respectively. We propose two empirical strategies that exploit...

Der schnelle Anstieg der Zinsen in Kombination mit den stark gestiegenen Baukosten hat nicht nur den Wohnungsbau in Deutschland ausgebremst, sondern auch die Zielkonflikte zwischen erschwinglichem Wohnen und Klimaschutz offengelegt. Höhere energetische Standards steigern die Erstellungskosten...

We study the effects on employment, costs of living, and income inequality of local shocks in the housing market or in the productivity of a tradable good. We construct a two-region search and matching model in which housing is considered a necessity good. Mobility of labor implies that any...

This paper examines the short-run immigration effects on prices for owner-occupied housing and rents in Switzerland, exploiting regional variation at the level of 106 local labour markets ("Mobilité Spatiale" regions) and 26 cantons, respectively. We propose two empirical strategies that...

We propose a spatial equilibrium model with heterogeneous households holding general non-homothetic preferences over tradable goods and housing. In equilibrium, desirable and productive locations command high housing prices. So long as housing is a necessity, these locations are...

Housing expense inflation has historically averaged an annual growth rate of 3.0 percent. However, starting in early 2021 housing expense inflation surged, peaking at 8.2 percent by March 2023. Substance use also increased concurrently. This study investigates the impact of rising housing...

Understanding housing affordability is key to addressing the housing problem. This study evaluates housing affordability in the Philippines using conventional approaches. It compares Residual Income Method estimates with those from the 30 percent of income standard that is commonly used as a...

I examine whether housing cost growth predicts regional innovation. Rising housing costs could boost innovation by providing entrepreneurs more home equity to borrow against. Conversely, higher housing costs could (1) constrain self-funded entrepreneurs who rent housing and/or (2) discourage the...

In recent years, Ireland has experienced a notable decline in homeownership and a rise in the proportion of households in private rental accommodation. Concurrently, the cost of both rents and house prices have risen markedly and affordability challenges in terms of meeting housing costs have...

Wohnkosten machen einen großen Teil der Ausgaben der Haushalte und Familien aus, und variieren zwischen Haushalten unterschiedlicher Größe und Struktur stark. Trotzdem werden sie in der Familienberichterstattung bisher wenig thematisiert. Die vorliegende Arbeit will diese Lücke schließen,...