I use daily data from fifty major cities to investigate the early effects of the COVID-19 pandemic on housing market in the United States. I find that starting from the second half of March, 2020, new home listings and pending home sales started to decrease. By mid-April, certain markets...

We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing attributes. Our results show that NLBs are willing to...

Economic development of countries, regions or entities operating on the market is possible when favourable economic conditions outweigh adverse conditions. Examining the development of European economy, it is possible to observe this regularity in the majority of periods, i.e. the bull market...

Hong Kong, China's housing market witnessed dramatic appreciations recently, with the price index for private domestic housing units being 3 times higher than 10 years ago. This trend is supported by both internal and external factors, as illustrated in this paper. By providing a theoretical...

From 2014 until present, housing prices in Germany have been rising faster than consumer prices in all quarters except one, raising concerns about an excessive over-heating of the housing market. To assess the vulnerability of the German housing market to a future realignment of prices or even a...

This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...

This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...

Eine nachhaltige Siedlungs- und Wohnungsmarktentwicklung stellt - insbesondere für wachsende Stadtregionen - eine Herausforderung dar. Das Beispiel Zürich zeigt, wie ambitionierte Nachhaltigkeitsziele verfolgt werden können. Unter der Maßgabe einer 2000-Watt-Gesellschaft, die anstrebt, den...

Eine nachhaltige Siedlungs- und Wohnungsmarktentwicklung stellt - insbesondere für wachsende Stadtregionen - eine Herausforderung dar. Das Beispiel Zürich zeigt, wie ambitionierte Nachhaltigkeitsziele verfolgt werden können. Unter der Maßgabe einer 2000-Watt-Gesellschaft, die anstrebt, den...

This paper analyzes the long-run convergence of regional house prices in a major developing country, Turkey. Using a non-linear time-varying factor model and quarterly hedonic house price data from 2010 to 2018, we find that house prices do not converge across 26 regions of Turkey. Results...

The aim of this paper is to investigate whether different market regimes affect bidding behavior in housing auctions. Taking advantage of special circumstances in the Norwegian housing market in 2015 and 2016, we conduct a survey involving 1803 respondents in three of Norway’s largest cities,...

This paper examines whether effects of labor demand shocks on housing prices vary across time and space. Using data on 321 US metropolitan statistical areas, we estimate the medium- and long-run effects of increases in metropolitan statistical area-level employment and total labor income on...

This paper explores a possible sampling bias in field experiments through a unique combination of a large-scale field experiment on ethnic discrimination in the German rental housing market (N = 2,992 tested apartments) and data on the internet housing market where the apartments were sampled...

Die Entwicklung des Wohnungsmarkts steht derzeit besonders im politischen wie gesellschaftlichen Fokus. Zum einen sind die Mieten und Immobilienpreise vielerorts in den vergangenen Jahren deutlich gestiegen. Eine Ursache hierfür ist, dass die in Deutschland lebende Bevölkerung nicht wie...

Ausgangspunkt dieses Beitrags ist die Abgrenzung des Phänomens der residentiellen Multilokalität von anderen Formen der Mehrörtigkeit. Diese soziale Praxis, welche die Verfügbarkeit von zwei oder mehr Behausungen voraussetzt, bedingt eine spezifische Lebensweise. Als Bezeichnung des...

Multilokalität ist derzeit kein bedeutsames Feld der urbanen Governance, für die Zukunft kann aber Handlungsbedarf gesehen werden. Dies erfordert gezielte Forschung in räumlich differenzierten Fallstudien. Die Auswirkungen von Multilokalität auf Stadtund Regionalentwicklung stellen sich...

I use daily data from fifty major cities to investigate the early effects of the COVID-19 pandemic on housing market in the United States. I find that starting from the second half of March, 2020, new home listings and pending home sales started to decrease. By mid-April, certain markets...

We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing attributes. Our results show that NLBs are willing to...

Real estate markets are subject to dynamic, ever-changing influences from location, amenities and neighborhoods; regulation, zoning and population changes; but also - macroeconomic variables, such as interest rates, inflation and economic cycles. The decision to buy or rent a durable,...

Cities worldwide have regulated peer-to-peer short-term rental platforms claiming that those platforms remove apartments from the long-term housing market, causing an in- crease in rents. Establishing and quantifying such a causal link is, however, challenging. We investigate two policy changes...

This paper examines the effects of real estate transfer taxes (RETT) on house prices using a rich micro dataset on German properties covering the period from 2005 to 2018. We exploit a 2006 constitutional reform that allowed states to set their own RETT rates, leading to frequent increases in...

Correspondence tests have been used by scholars and civil rights organizations to measure ethnic discrimination. In contrast to research testing covering a whole market through many discrimination tests, litigation testing typically targets a single agent, which can only be tested through a very...

Kurzzeitvermietungen im Allgemeinen und die Internet-Vermietungsplattform Airbnb im Besonderen stehen gegenwärtig im öffentlichen Fokus. Der Beitrag untersucht am Beispiel der Stadt Salzburg mit einem Mixed-Methods-Ansatz sowohl die räumliche Ausprägung als auch die Akteurstruktur, die sich...

Die Wohnraumversorgung ist ein wichtiger Indikator für das Wohlbefinden innerhalb einer Gesellschaft. In der DDR versprach die sozialistische Wohnungspolitik den BürgerInnen niedrige Mieten und einen hohen Kündigungsschutz. Dafür war die durchschnittliche Wohnraumqualität gering und die...

Using quarterly data for German counties, we study how housing prices and offers respond to higher transaction costs induced by tax increases. Since 2006, states can set their own tax rates on real estate transfers. Several and substantial tax hikes generate variation across time and states...

Using quarterly data for German counties, we study how housing prices and offers respond to higher transaction costs induced by tax increases. Since 2006, states can set their own tax rates on real estate transfers. Several and substantial tax hikes generate variation across time and states...

We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing market. Using a novel dataset, we analyse over 5 million residential property sale transactions in England and Wales, each containing information about sale price, property and...

Die Entwicklung des Wohnungsmarkts steht derzeit besonders im politischen wie gesellschaftlichen Fokus. Zum einen sind die Mieten und Immobilienpreise vielerorts in den vergangenen Jahren deutlich gestiegen. Eine Ursache hierfür ist, dass die in Deutschland lebende Bevölkerung nicht wie...