Results 1 to 10 of about 1,593,922 (258)
House price expectations [PDF]
Journal of Economic Behavior & Organization, 2022 This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and from an information RCT.
Niklas Gohl +3 more
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Modelling regional house prices [PDF]
Applied Economics, 2011 We develop a panel model for regional house prices, for which both the cross-section and the time series dimension is large. The model allows for stochastic trends, cointegration, cross-equation correlations, and, most importantly, latent-class clustering of regions.
van Dijk, A. +3 more
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Foreclosures and House Prices [PDF]
Italian Economic Journal, 2021 This paper studies the impact of foreclosures on house prices in Italy using a large dataset of online listings provided by Immobiliare.it, the most popular online portal for real estate services in Italy. We estimate that the foreclosure discount is considerable, and this would suggest a high degree of market segmentation and limited spillovers from ...
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Local House Price Comovements [PDF]
SSRN Electronic Journal, 2019 AbstractWe study the microlevel evolution of residential house prices using data on repeat sales on Manhattan Island from 2004 to 2015. We document that price comovement, even within a ZIP code, is a highly local and persistent phenomenon. The strength of such comovements vanishes with both spatial and temporal distance.
Marcel Fischer +2 more
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Seasonality in House Prices [PDF]
SSRN Electronic Journal, 2011 The contribution of this paper is to offer a rationale for the observed seasonal pattern in house prices. We first document seasonality in house prices for the US and the UK using formal statistical tests and illustrate its quantitative importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand ...
Kajuth, Florian, Schmidt, Tobias
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House price momentum and strategic complementarity [PDF]
, 2018 House prices exhibit substantially more momentum, positive autocorrelation in price changes, than existing theories can explain. I introduce an amplification mechanism to reconcile this discrepancy.
Guren, Adam M.
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Non‐parametric hedonic housing prices [PDF]
Housing Studies, 1996 Abstract The hedonic price function has long been a standard tool for modeling the price of complex commodities, such as housing. The theoretical basis of the model is sound and appealing, but applications often encounter difficulties. The results of hedonic models depend on inclusion of the right independent variables and the correct specification of ...
Mason, Carl, Quigley, John M.
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Real Estate Economics, 2016 AbstractUsing data for six metropolitan housing markets in three countries, this article provides a comparison of methods used to measure house price bubbles. We use an asset pricing approach to identify bubble periods retrospectively and then compare those results with results produced by six other methods.
Bourassa, Steven C. +2 more
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House Price Volatility and the Housing Ladder [PDF]
SSRN Electronic Journal, 2010 This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets early in life.
James Banks +3 more
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What Drives Housing Prices? [PDF]
SSRN Electronic Journal, 2008 This paper develops a growth model with land, housing services, and other goods that is capable of explaining a substantial portion of the movements in housing prices over the past forty years. Under certainty, the model exhibits a balanced aggregate growth, but with underlying sectoral change.
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