scholarly journals Estimating a stock-flow model for the Swiss housing market

2010 ◽  
Vol 146 (3) ◽  
pp. 601-627 ◽  
Author(s):  
Elizabeth Steiner
Keyword(s):  
Housing Market ◽  
Flow Model ◽  
Stock Flow

scholarly journals International Real Estate Review

2001 ◽  
Vol 4 (1) ◽  
pp. 80-94
Author(s):  
Ching-Chun Hua ◽  
◽  
Chin-Oh Chang ◽  
Chengho Hsieh ◽  
◽  
...  
Keyword(s):  
Housing Market ◽  
Flow Model ◽  
Housing Stock ◽  
Empirical Models ◽  
Sales Price ◽  
Long Run ◽  
Volume Relationship ◽  
Stock Flow ◽  
Existing Housing ◽  
The Relationship

In Taiwan, the housing market can be separated into the existing housing market and the pre-sales market. The existing market can be regarded as the stock market, and the pre-sales market the flow market. However, some unique characteristics exist in the Taiwan market. Based on these characteristics, we modified the conventional housing stock-flow model to describe the price -volume relationship between the existing and pre-sales markets. Empirical models are constructed to test the relationship. Major findings are: 1) both the pre-sales price and the existing price converge to the long-run equilibrium; however, the pre-sales price adjusts faster than the existing price, implying that the existence of the pre-sales system improves market efficiency; and 2) housing supply from the pre-sales market responds to the housing market surpluses/shortages.

scholarly journals International Real Estate Review

2011 ◽  
Vol 14 (2) ◽  
pp. 159-183
Author(s):  
Oliver Bischoff ◽  
Keyword(s):  
Household Income ◽  
Birth Rate ◽  
Flow Model ◽  
Positive Impact ◽  
Data Set ◽  
Rental Market ◽  
East German ◽  
Vacancy Rates ◽  
Stock Flow

We apply the stock flow model for the German residential rental market using a data set that includes the overwhelming majority of nomenclature of territorial units for statistics (NUTS) 3 regions for the 2004-2007 period. Aside from proving conditional rental price convergence, we have detected a turnaround in vacancy stocks between the short and the long term. While East German counties and West German independent cities currently exhibit the highest and lowest vacancy rates, respectively, the opposite holds true at equilibrium. Leaning on theoretical suggestions, landlords in well-developed areas have incentives to hold onto vacancies in view of future rent increases. Our results support this idea, which demonstrates the significantly positive impact of household income and net birth rate on the natural vacancy rate.

scholarly journals Retrading, production, and asset market performance

2015 ◽  
Vol 112 (47) ◽  
pp. 14557-14562 ◽  
Author(s):  
Steven D. Gjerstad ◽  
David Porter ◽  
Vernon L. Smith ◽  
Abel Winn
Keyword(s):  
Effective Treatment ◽  
Laboratory Experiments ◽  
Flow Model ◽  
Asset Markets ◽  
Asset Market ◽  
Price Bubbles ◽  
Equilibrium Prices ◽  
Consumption Values ◽  
Market Experiments ◽  
Stock Flow

Prior studies have shown that traders quickly converge to the price–quantity equilibrium in markets for goods that are immediately consumed, but they produce speculative price bubbles in resalable asset markets. We present a stock-flow model of durable assets in which the existing stock of assets is subject to depreciation and producers may produce additional units of the asset. In our laboratory experiments inexperienced consumers who can resell their units disregard the consumption value of the assets and compete vigorously with producers, depressing prices and production. Consumers who have first participated in experiments without resale learn to heed their consumption values and, when they are given the option to resell, trade at equilibrium prices. Reproducibility is therefore the most natural and most effective treatment for suppression of bubbles in asset market experiments.

Modeling housing supply and demand using system dynamics

2016 ◽  
Vol 19 (2) ◽  
pp. 64-80
Author(s):  
Mohamed Marzouk ◽  
Ismail Hosny
Keyword(s):  
System Dynamics ◽  
Housing Market ◽  
Flow Model ◽  
Supply And Demand ◽  
Simulation Software ◽  
Public And Private ◽  
Content Type ◽  
Key Variables ◽  
Private Housing ◽  
Population Segment

Purpose The housing sector in Egypt represents a considerable share of the gross domestic product (GDP) and accordingly the economy. Further, it is considered vital for any population around the world, because it provides the shelter needed by people. Egyptian housing market is facing many problems which need to be solved. The paper aims to discuss these issues. Design/methodology/approach This research reviews and analyzes the Egyptian public and private housing market’s key variables. As such, it highlights the importance of informed decision making through detailed analysis and study of the market, especially when planning for the future by any housing market stakeholder. The research proposes the use of system dynamics (SD) modeling to analyze the market by creating a stock and flow model using STELLA modeling and simulation software. Findings The results reveal that the expected newly established families will be nearly 800,000 families in year 2015/2016. Out of these numbers, 600,000 families require economic housing units, while the expected supply is nearly 300,000 units. Originality/value A study is made for the economic housing market, which is a very big housing market and population segment that has been suffering from negligence for years.

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