scholarly journals An Interdisciplinary Assessment of South Korea's Post-2002 Real Estate Anti-Speculation Policies

2011 ◽  
Vol 12 (1) ◽  
pp. 105-117
Author(s):  
Jasper Kim ◽  
Hannah Jun
Keyword(s):  
Real Estate ◽  
Housing Market ◽  
Policy Implication ◽  
Market Dynamics ◽  
Subprime Crisis ◽  
South Korean ◽  
Regulatory Policies ◽  
Interdisciplinary Assessment ◽  
Regulatory Economic ◽  
The U.S

What factors fuelled the South Korean property boom since 2002, and whar (if anything) can be done to prevent a U.S.-style subprime crisis in the local real estate markers? This issue has grown even more urgent given observations of a potential bubble and burst scenario following the U.S. sub-prime crisis. This paper aims to bring together these concerns, from an interdisciplinary regulatory, economic and socio-cultural per-spective, by (1) providing a comprehensive and current overview of housing market dynamics in Korea, (2) examining South Korea's real estate regulatory policies since 2002 with-statistical evidence from the Bank of Korea (BOK), and (3) providinga brief policy implication and suggestion sectionre-garding the Korean housing marker conditions in the post-subprime crisis era.

Predatory Inclusion

2019 ◽  
pp. 253-262
Author(s):  
Keeanga-Yamahtta Taylor
Keyword(s):  
African Americans ◽  
Real Estate ◽  
Housing Market ◽  
Black People ◽  
Home Ownership ◽  
Rental Market ◽  
American Society ◽  
The U.S

Homeownership in the U.S. is often touted as a means to escape poverty, build wealth, and fully participate in American society. However, racism in the broader American society ultimately resulted in a racist housing market that excludes Black people from homeownership and depresses the value of property inhabited by African Americans. The perception that Black buyers are risky has continued to fuel predatory practices in real estate. The author notes that African Americans should not be limited to the rental market because of inequality in the housing market. Instead, she suggests people should question American society, a society in which full citizenship is reliant upon home ownership.

"Geco" and its Potential for Real Estate Research: Evidence from the U.S. Housing Market

2011 ◽  
Vol 33 (4) ◽  
pp. 471-506 ◽  
Author(s):  
Ralf Hohenstatt ◽  
Manuel Käsbauer ◽  
Wolfgang Schäfers
Keyword(s):  
Real Estate ◽  
Housing Market ◽  
Research Evidence ◽  
Real Estate Research ◽  
The U.S

scholarly journals International Real Estate Review

2018 ◽  
Vol 21 (2) ◽  
pp. 251-274
Author(s):  
Yuming Li ◽  
◽  
Jing Yang ◽  
Keyword(s):  
Real Estate ◽  
Housing Market ◽  
House Price ◽  
Excess Risk ◽  
Single Family ◽  
Price Changes ◽  
The Real Estate ◽  
Long Run ◽  
Short Run ◽  
The U.S

We examine the relation between risk and returns in the U.S. residential housing market. We find that the risk of house price changes and the magnitude relative to the risk of income changes vary with economic conditions. We measure the excess risk of house price changes by adjusting for the risk of income changes and economic variables associated with the real estate and financial sectors of the economy, and find a significant and positive relation between house price changes and excess risk. We also find that excess risk has significantly adverse effects on the short-run momentum and long-run reversal of house price changes across metro areas, thus implying that excess risk induces price rigidity and helps to explain for the serial correlations in price changes in the U.S. single-family housing market.

scholarly journals The Decision to Move House and Aggregate Housing-Market Dynamics

2020 ◽  
Vol 18 (5) ◽  
pp. 2487-2531 ◽  
Author(s):  
L Rachel Ngai ◽  
Kevin D Sheedy
Keyword(s):  
Housing Market ◽  
Market Dynamics ◽  
Match Quality ◽  
Market Conditions ◽  
Using Data ◽  
The U.S ◽  
Quantitative Importance

Abstract Using data on house sales and inventories, this paper shows that housing transactions are driven mainly by listings and less so by transaction speed, thus the decision to move house is key to understanding the housing market. The paper builds a model where moving house is essentially an investment in match quality, implying that moving depends on macroeconomic developments and housing-market conditions. The number of transactions has implications for welfare because each transaction reduces mismatch for homeowners. The quantitative importance of the decision to move house is shown in understanding the U.S. housing-market boom during 1995–2003. (JEL: D83, E22, R31)

scholarly journals International Real Estate Review

2020 ◽  
Vol 23 (2) ◽  
pp. 267-308
Author(s):  
Are Oust ◽  
◽  
Ole Martin Eidjord ◽  
Keyword(s):  
Real Estate ◽  
Housing Market ◽  
House Prices ◽  
House Price ◽  
Search Term ◽  
Housing Bubble ◽  
Search Terms ◽  
Search Volume ◽  
Google Search ◽  
The U.S

The aim of this paper is to test whether Google search volume indices can be used to predict house prices and identify bubbles in the housing market. We analyze the data that pertain to the 2006?2007 U.S. housing bubble, taking advantage of the heterogeneous house price development in both bubble and non-bubble states in the U.S. Using 204 housing-related keywords, we test both single search terms and indices that comprise search term sets to see whether they can be used as housing bubble indicators. We find that several keywords perform very well as bubble indicators. Among all of the keywords and indices tested, the Google search volume for ¡§Housing Bubble¡¨ and ¡§Real Estate Agent¡¨, and a constructed index that contains the twelve best-performing search terms score the highest at both detecting bubbles and not erroneously detecting non-bubble states as bubbles. A new housing bubble indicator may help households, investors, and policy makers receive advanced warning about future housing bubbles. Moreover, we show that the Google search outperforms the well-established consumer confidence index in the U.S. as a leading indicator of the housing market.

Problems of the US Economic Policy

2013 ◽  
pp. 129-143
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
Real Estate ◽  
Full Employment ◽  
Tax Rates ◽  
Equitable Distribution ◽  
Investment Rate ◽  
The Us ◽  
Budget Systems ◽  
Enterprise Activity ◽  
The U.S

How to provide for full employment and equitable distribution of incomes and wealth are the keenest issues of the U.S. society. The Democratic and the Republican Parties have elaborated opposing views on economic policy, though both parties are certain that the problems may be resolved through the reform of the federal tax and budget systems. Globalization demands to increase incentives for labor and enterprise activity and for savings to secure proper investment rate. Tax rates for labor and enterprise incomes are to be low, but tax rates for consumption, real estate and land should be progressive.

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