Interregional correlations in the US housing market at three price tiers

2019 ◽  
Vol 63 (1) ◽  
pp. 1-24
Author(s):  
I-Chun Tsai
Keyword(s):  
The Us ◽  
2014 ◽  
Vol 4 (1) ◽  
Author(s):  
Hao Meng ◽  
Wen-Jie Xie ◽  
Zhi-Qiang Jiang ◽  
Boris Podobnik ◽  
Wei-Xing Zhou ◽  
...  

Urban Studies ◽  
2018 ◽  
Vol 56 (2) ◽  
pp. 434-451 ◽  
Author(s):  
Junia Howell

Research in the USA provides evidence that neighbourhood conditions affect intergenerational mobility. However, what remains unclear is the extent to which the US context is unique in producing this influence. To examine this question, the present study directly compares neighbourhood effects on intergenerational mobility in the USA versus those in Germany – a country whose housing market and social welfare policies differ significantly from those in the USA. Results provide a blueprint for conducting cross-national neighbourhood effects studies and illuminate how the nature and severity of neighbourhood effects are nationally specific. These findings underscore the importance of considering how broader political contexts shape neighbourhood effects on intergenerational mobility – a consideration that has implications for proposed policy interventions.


2018 ◽  
Vol 11 (4) ◽  
pp. 632-647 ◽  
Author(s):  
William C. Baer

Purpose This paper aims to relate early history of housing conceptualizations and market analysis in the Anglosphere (Britain, the USA, Canada, Australia and New Zealand). Historians are ignorant of them but clear market analyses had early beginnings in every urban society for developing and accommodating growing populations. Design/methodology/approach Historiography. Findings Aspects of market analysis, especially appraisal and rudimentary approaches to the housing market in the Anglosphere, can be traced back to ancient Rome, housing market conceptualizations to Dr Nicholas Barbon and seventeenth-century London’s first population and housing boom and market analysis techniques in the USA at its founding, when Charles-Maurice de Talleyrand Perigor was the first to refine them and write them up in 1794-1796. The US next made major advances in the 1930s. The overall trend has been from inferred analyses to fundamental (derived) analyses, emphasizing “quantifiable data.” Practical implications This paper elicits researcher’s professional awareness that each nation has an implicit history of its early development practices and techniques. Originality/value The time frame of most housing market analysts is the recent past, the present and the future. But how enduring are their concerns? Do operational values in a housing market reflect historical epochs, or are there some universalities? Furthermore, most urban historians are ignorant of urban market dynamics. It does not occur to them that some of the dynamics that analysts attempt to capture today might always have been inherent in the urban built environment, regardless of era or urbanized part of the globe under consideration.


2009 ◽  
Vol 13 (3-4) ◽  
pp. 285-294
Author(s):  
Timothy Stenson

The US housing market is infamous on at least two counts: implicated in the global financial crisis and notorious for its unsustainable consumption of resources and consequent discharge of carbon dioxide. Lately anything like good news regarding housing in the USA is scarce. However, the pause resulting from the collapse of the market, and increasing concern regarding building's agency in the environment, combine to provide an opportunity to reconsider the form and performance of housing. This may yet create an opening for design.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vinicius Phillipe de Albuquerquemello ◽  
Cássio Besarria

PurposeThe aim of this paper is to assess whether the inclusion of the rental housing market affect the dynamics of the real business cycles (RBCs).Design/methodology/approachFor this investigation, the authors model and estimate two dynamic stochastic general equilibrium (DSGE) versions for the US economy, one with and one without the presence of residential rent.FindingsThe findings provide evidence that the inclusion of the rental housing market can improve the assessment of public policies and the projection of scenarios in the face of sudden macroeconomic shocks. The addition of this secondary housing market augments the effect of total factor productivity (TFP) shock on output and consumption. In addition, it increases the effect of the credit shock on the demand for housing. The latter highlights the role of credit for the real estate market. Therefore, the authors recommend that analysts and macro-prudential authorities consider adding it to their models.Originality/valueThe findings provide evidence that the inclusion of the rental housing market can improve the assessment of public policies and the projection of scenarios in the face of sudden macroeconomic shocks.


2010 ◽  
Vol 214 ◽  
pp. F14-F22

The pace of economic recovery in the US eased in the second quarter of 2010, with quarter-on-quarter GDP growth moderating from 0.9 per cent in the first quarter of the year to 0.4 per cent. The source of the slowdown stemmed from a negative contribution to growth from net trade, as import volumes rose by 7.5 per cent on the back of a sharp acceleration in domestic demand. This allowed the US current account balance to widen to 3.4 per cent of GDP. Our forecast sees the current account balance hovering between 2½–3½ per cent of GDP over the forecast horizon, well below the 6½ per cent of GDP deficits seen at the height of the housing market bubble in 2005–6. NIESR's index of global imbalances, illustrated in appendix chart B3, clearly shows that global current account imbalances have receded from the unsustainable levels reached in 2007.


2005 ◽  
Vol 23 (3) ◽  
pp. 347-366 ◽  
Author(s):  
Dowell Myers ◽  
Cathy yang Liu
Keyword(s):  

Subject Capital gains tax reform debates. Significance Last month, Treasury Secretary Steven Mnuchin floated reforming the US capital gains tax (CGT) system to take account of inflation between an asset’s purchase and sale. While this is still just an idea, it is one the administration might push on ahead of the midterm elections in November. If not, it may push for CGT reforms soon after. Impacts Inflation-adjusting CGT would likely stimulate more market activity, including buying and selling. The money average earners could gain from selling assets under reformed CGT plans could aid social mobility. Reforming CGT could stimulate building construction and the housing market, but prices could rise.


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