Search Results - subject_exact:"Real estate finance"

Restrictive rental policies and a tough trade off : lower rents vs. less construction in Geneva

Ters, Kristyna; Kholodilin, Konstantin - 2025

We study how rent control and housing rationing shape housing investment and market tightness in Geneva using a VAR on annual data (1994-2022) with generalized impulse responses and Granger causality. We find that housing rationing functions as abinding quantity restriction as it precedes a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470812

Pushing the limit : how borrowers tackle an LTV cap

Coulier, Lara; De Schryder, Selien; Van Den Heuvel, Milan; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608779

Measuring the impact of property insurance premiums on the mortgage market

Meisenzahl, Ralf R.; Polacek, Andy; Ramnath, Shanthi; … - 2026

We document that increases in property insurance premiums reduce mortgage originations. The effect is strongest for the rate refinancing and cash-out refinancing segments. We show that denials associated with increased premiums are significantly more likely attributed to high debt-to-income...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591522

Addressing commercial real estate lending risks with borrower-based measures

Gąsiorowski, Paweł; Skudelny, Frauke; Albanese, Alessandra - 2026

This paper explores ways in which borrower-based measures (BBMs) could be applied to commercial real estate (CRE) lending, focusing on suitable metrics and scope. BBMs have already proven to be effective in mitigating credit risks in residential real estate lending by curbing excessive credit...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605052

Housing bust and long-term human capital scarring in the U.S.

Pestova, A. A.; Popov, Alexander - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625605

Satisfaction and trust in banks on the housing loan market

Czechowska, Iwona Dorota; Paduszyńska, Marta - 2026

The interest in consumer attitudes and role in economic and social life becomes increasingly evident among the representatives of economic sciences and has become a focal point in the financial industry. This issue is not only important for financial institutions in terms of building long-term...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625927

Testing for co-explosive behavior between mortgages loans and house prices in the Spanish economy

Esteve García, Vicente; Blanco Arroyo, Omar; Prats, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626554

Evolution of the real estate market in Portugal in the 21st Century : an analysis of the first twenty-five years

Tavares, Fernando Oliveira; Pacheco, Luís Dias; … - 2026

This paper examines the evolution of the Portuguese residential real estate market during the first twenty-five years of the 21st century, focusing on the short-run determinants of housing transaction values. Using quarterly data from 2000 to 2025, the study applies an econometric time-series...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628571

The determinants of mortgage denial using public data

García, Manu; Garriga, Carlos - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667240

Jeonse-as-a-sukuk : why is Korea a hidden champion of Islamic finance?

Kang, Hyoung Goo; Bilgin, Mehmet Huseyin; Park, Koeung; … - 2026

This study examines Korea's jeonse (key money or lump-sum deposit) system using the framework of sukuk (Islamic financial certificates), highlighting their shared characteristics as asset-backed financial instruments. Despite having origins in different cultural and legal contexts, both systems...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664919

Housing Construction Finance in Ukraine : Market Assessment and Policy Options

2026

Construction finance refers to the funding of land development and building construction. As such, it is an essential - even if often overlooked - part of any effective national housing finance system. Developers can be associated with different forms of construction finance, each of which can...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015673079

Restrictive rental policies and a tough trade off: Lower rents vs. less construction in Geneva

Ters, Kristyna; Kholodilin, Konstantin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533003

Macroprudential policies and homeownership

Bäckman, Claes - 2025

Macroprudential policies are a key policy tool for financial regulators, but concerns persist that these policies restrict access to homeownership. I examine this concern using crosscountry data on homeownership for 28 countries. I find little evidence that macroprudential policies reduce...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015485735

Illusive compliance and elusive risk-shifting after macroprudential tightening : evidence from EU banking

Koetter, Michael; Noth, Felix; Wöbbeking, Carl Fabian - 2025

We study whether and how EU banks comply with tighter macroprudential policy (MPP). Observing contractual details for more than one million securitized loans, we document an elusive risk-shifting response by EU banks in reaction to tighter loan-to-value (LTV) restrictions between 2009 and 2022....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202644

Financial technology and the 1990s housing boom

Johnson, Stephanie; Tzur-Ilan, Nitzan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015207188

The impact of governmental regulations on housing market : findings of a meta-study of empirical literature

Kholodilin, Konstantin - 2025

Housing markets are affected by a large variety of factors. Among them, governmental regulations play an important role. Besides desired effects, all these policies exert a number of side effects, some of which can even offset the desired effects. In addition, different policies can cancel out...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015373983

La fiscalité municipale et le développement immobilier au Québec : à la recherche du gain fiscal

Meloche, Chelsea H. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333560

Schwache Konjunktur bremst Kreditgeschäft : Österreich-Ergebnisse der Umfrage über das Kreditgeschäft im Euroraum : (Bank Lending Survey - BLS) vom Jänner 2025

Hubmann, Gerald - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015188978

Resiliente Immobilienfinanzierung in turbulenten Zeiten : zur Relevanz der Relevanz der Vorfälligkeitsentschädigung

Voigtländer, Michael - 2025 - Stand: Dezember 2024

Die letzten Jahre waren äußerst turbulent und stellten auch einen Stresstest für die Immobilienfinanzierung dar. In dem vorliegenden Beitrag ist dabei die Entwicklung in Deutschland international eingeordnet worden. Darüber hinaus ist eine zentrale Voraussetzung für Festzinssysteme - die...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015189116

European Real Estate Index (EREI) 2025

Koetter, Michael; Noth, Felix; Wöbbeking, Carl Fabian - 2025

This Technical Report documents the construction and coverage of the IWH European Real Estate Index (EREI). Since 2018, we have used machine-learning methods to collect monthly listings of residential real estate available for sale or rent in up to 20 European countries. The Technical Report...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190601

Home construction financing and search frictions in the housing market

Gabrovski, Miroslav; Ortego-Marti, Victor - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015173729

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Home Construction Financing and Search Frictions in the Housing Market

Gabrovski, Miroslav; Ortego-Marti, Victor - 2022

Book / Working Paper

Riding the housing wave : home equity withdrawal and consumer debt composition

Grodecka-Messi, Anna; Li, Jieying; Zhang, Xin - 2025

Using a monthly panel dataset of individuals' debt, we show that house price changes can explain a significant fraction of personal debt composition dynamics. We exploit the variation in local house price growth as shocks to homeowners' housing wealth to study the consequential adjustment of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015424091

Incomplete pass-through in mortgage markets

Amornsiripanitch, Natee; Ricks, Judith - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015468038

Fiscal gains from real estate development : the case of Québec municipalities

Meloche, Jean-Philippe - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470620

Housing lending, territorial reform, and the financing of central and peripheral regions : towards a spatial-monetary regime shift?

Bourdin, Sébastien; Picault, Jérôme; Simon, Arnaud - 2025

The development of home ownership in the second half of the 20th century has been perceived as an asset and a significant contributor to wealth accumulation. However, rising property prices and increasingly stringent mortgage lending criteria have placed this model under pressure, particularly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451575

Mortgage-backed securities

Fuster, Andreas; Lucca, David O.; Vickery, James - 2023

This paper reviews the mortgage-backed securities (MBS) market, with a particular emphasis on agency residential MBS in the United States. We discuss the institutional environment, security design, MBS risks and asset pricing, and the economic effects of mortgage securitization. We also assemble...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014331072

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Mortgage-backed securities

Fuster, Andreas; Lucca, David O.; Vickery, James - 2025

Book / Working Paper

Mortgage-backed securities

Fuster, Andreas; Lucca, David O.; Vickery, James - 2022

Book / Working Paper

Mortgage-backed securities

Fuster, Andreas; Lucca, David O.; Vickery, James - 2022

Book / Working Paper

Mortgage-backed securities

Fuster, Andreas; Lucca, David O.; Vickery, James - 2022

Book / Working Paper

Commercial real estate loans in Europe : does loan-to-value at origination predict default risk?

Ciocchetta, Federica; Pico, Raffaella; Quaglia, Ivan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015408423

Affordable housing, unaffordable credit? : concentration and high-cost lending for manufactured homes

Dörr, Sebastian; Fuster, Andreas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015411806

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Affordable housing, unaffordable credit? : concentration and high-cost lending for manufactured homes

Dörr, Sebastian; Fuster, Andreas - 2025

Book / Working Paper

Housing affordability in Germany and its dynamics

Balz, Felix Florian - 2025

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, ebvufind01.dmz1.zbw.eu/10015413424

Regulating zombie mortgages

Lee, Jonathan; Nguyen, Duc Duy; Nguyen, Huyen - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436800

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Regulating zombie mortgages

Lee, Jonathan; Nguyen, Duc Duy; Nguyen, Huyen - 2024

Book / Working Paper

Of house and home-related goods : the home purchase channel of expenditure

Favara, Giovanni; Graham, James; Li, Geng - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438080

Mortgage market structure and the transmission of monetary policy during the great inflation

Hedlund, Aaron; Larkin, Kieran; Mitman, Kurt; Ozkan, Serdar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015419377

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Mortgage market structure and the transmission of monetary policy during the Great Inflation

Hedlund, Aaron; Larkin, Kieran; Mitman, Kurt; Ozkan, Serdar - 2025

Book / Working Paper

Mortgage market structure and the transmission of monetary policy during the Great Inflation

Hedlund, Aaron; Larkin, Kieran; Mitman, Kurt; Ozkan, Serdar - 2025

Book / Working Paper

House prices and the allocation of consumer credit

Tai, Mingzhu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458709

The reverse mortgage market in New Zealand : key drivers of loan determination

Hutchison, Norman; MacGregor, Bryan D.; Ngo, Thanh; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015442895

The effects of monetary policy through housing and mortgage choices on aggregate demand

Kinnerud, Karin - 2025

Housing and mortgage choices are among the largest financial decisions households make and they substantially impact households' liquidity. This paper explores how monetary policy affects aggregate demand by influencing these portfolio choices. To quantify this channel, I build a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015425384

The development model in practice : the Brownfield Housing Fund in the north-east

O'Connor, Abi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426495

The effects of macroprudential policy restricting housing investor credit supply

Gillitzer, Christian; Prasad, Nalini - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561509

Time-varying interactions between monetary and housing credit policy

Rella, Giacomo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015563770

Misestimating house values : consequences for household finance

Corradin, Stefano; Fillat Comenge, José Luis; … - 2025

This study examines the effect of systematic household misestimation of home prices on financial decisions, including stockholdings, consumption, and asset allocation. Using exogenous variation in house values, mortgage debt, and homeowner misestimation identified through differences in local...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592032

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Misestimating house values : consequences for household finance

Corradin, Stefano; Fillat Comenge, José Luis; … - 2025 - This version: October 2025

Edition: This version: October 2025

Book / Working Paper

New financial frontiers in housing : innovation, accessibility, and tokenization in emerging markets

Vergara-Perucich, Francisco; Aguirre Núñez, Carlos - 2025

This paper examines how housing tokenization is discursively framed in Chile's digital public sphere, assessing whether it promotes affordability or reinforces financialization. Using a methodology that combines natural language processing, topic modeling, sentiment analysis, and semantic...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596673

Shaky foundations : structural-relational power and business influence in the EU's regulation of real estate finance

Montalbano, Giuseppe; Flynn, Lindsay B. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550793

Phase transitions in debt recycling

Aufiero, Sabrina; Forer, Preben; Vivo, Pierpaolo; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556439

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Phase transitions in debt recycling

Aufiero, Sabrina; Forer, Preben; Vivo, Pierpaolo; … - 2024

Book / Working Paper

Phase transitions in debt recycling

Aufiero, Sabrina; Forer, Preben; Vivo, Pierpaolo; … - 2024

Book / Working Paper

Does the housing provident fund cause housing inequality? : the micromechanism and macroeffect in China

Zhang, Anquan; Liu, Lu - 2025

This study explores the housing distribution effect of the Housing Provident Fund (HPF) system on households. Utilizing data from the China Household Finance Survey conducted in 2013, 2015, 2017, and 2019, this study empirically investigates this effect from two dimensions: the impact of HPF...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015557846

Twin speed housing market

Andersen, Henrik Yde; Gaarskær, Cecilie Walsted; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591076

Determinants of credit spreads and cash flow-related lending in commercial real estate

Haffki, Ricarda; Hennig, Kerstin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606469

Testing for co-explosive behavior between mortgages loans and house prices in the Spanish economy

Blanco Arroyo, Omar; Esteve García, Vicente; Prats, … - 2025

In this paper, we apply the methodology developed by Evripidou et al. (2022) to assess the co-explosivity of explosive processes between housing credit and housing prices in the Spanish economy from 1971 to 2024. Our findings highlight a significant pattern of co-explosivity: a stable bubble...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015634077

Does the housing provident fund crowd out the households' non-housing consumption? : evidence from Chinese micro data

Zhang, Anquan; Xiong, Jiaxin; Liu, Lu - 2025

This study investigates the causal effect of mandatory housing provident fund (HPF) contributions on non-housing consumption patterns among urban Chinese households. Leveraging cross-sectional data from the 2017 China Household Finance Survey (CHFS), we employ instrumental variable estimation to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637181

The cost of consumer collateral : evidence from bunching

Collier, Benjamin L.; Ellis, Cameron M.; Keys, Benjamin J. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475201

Systemic transformation or scheme adaptation? : transferring affordable housing policies between Austria and Ireland

Norris, Michelle; O'Hara, Lucy; Jordan, Bob - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015573635

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, ebvufind01.dmz1.zbw.eu/10015397364