scholarly journals The International Transmission of House Price Shocks

2010 ◽  
pp. 129-158 ◽  
Author(s):  
Olivier de Bandt ◽  
Karim Barhoumi ◽  
Catherine Bruneau
Keyword(s):  
House Price ◽  
Price Shocks ◽  
International Transmission

scholarly journals The International Transmission of House Price Shocks

2010 ◽  
Author(s):  
Olivier de Bandt ◽  
Barhoumi Karim ◽  
Catherine Bruneau
Keyword(s):  
House Price ◽  
Price Shocks ◽  
International Transmission

scholarly journals Saving Behavior and Housing Wealth Evidence from German Micro Data

2018 ◽  
Vol 238 (6) ◽  
pp. 501-539
Author(s):  
Sören Gröbel ◽  
Dorothee Ihle
Keyword(s):  
House Prices ◽  
House Price ◽  
Wealth Effect ◽  
Housing Wealth ◽  
Price Shocks ◽  
Household Level ◽  
Underlying Causes ◽  
Saving Behavior ◽  
Housing Wealth Effect ◽  
Important Position

Abstract Housing property is the most important position in a household’s wealth portfolio. Even though there is strong evidence that house price cycles and saving patterns behave synchronously, the underlying causes remain controversial. The present paper examines if there is a wealth effect of house prices on savings using household-level panel data from the German Socio-Economic Panel for the period 1996-2012. We find that young homeowners decrease their savings in response to unanticipated house price shocks, whereas old households hardly respond to house price changes. Although effects are relatively low in magnitude, we interpret this as evidence of a housing wealth effect.

scholarly journals Desperate House Sellers: Distress Among Developers

2021 ◽  
Vol 2021 (065) ◽  
pp. 1-68
Author(s):  
Eileen van Straelen ◽  
Keyword(s):  
Capital Markets ◽  
House Price ◽  
Internal Capital Markets ◽  
Housing Crisis ◽  
Economic Shocks ◽  
Price Shocks ◽  
Housing Developments ◽  
Internal Capital

Using granular data on home builder housing developments from the 2006-09 housing crisis, I show that builders spread house price shocks across geographically distinct projects via their internal capital markets. Builders who experience losses in one area subsequently sell homes in unaffected areas at a discount to raise cash quickly. Financially constrained firms are more likely to cut prices of homes in healthy areas in response to losses in unhealthy ones. Firms also smooth shocks across projects only during the crisis and not during the boom. These results together suggest firm internal capital markets spread negative economic shocks across space.

Housing costs, house price shocks and savings behaviour among older households in Britain

2002 ◽  
Vol 32 (5) ◽  
pp. 607-625 ◽  
Author(s):  
Richard Disney ◽  
Andrew Henley ◽  
Gary Stears
Keyword(s):  
House Price ◽  
Price Shocks ◽  
Housing Costs
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