Firm Creation, Entry Costs, and House-Price Volatility

2021 ◽  
Author(s):  
Brendan Epstein ◽  
Alan Finkelstein Shapiro ◽  
Andres Gonzalez Gomez
Keyword(s):  
House Price ◽  
Price Volatility ◽  
Firm Creation ◽  
Entry Costs ◽  
House Price Volatility

The Granular Origins of House Price Volatility

2017 ◽  
Author(s):  
Isaiah Hull ◽  
Conny Olovsson ◽  
Karl Walentin ◽  
Andreas Westermark
Keyword(s):  
House Price ◽  
Price Volatility ◽  
House Price Volatility

Upward mobility, house price volatility, and housing equity

2005 ◽  
Vol 14 (2) ◽  
pp. 127-146 ◽  
Author(s):  
Nai Jia Lee ◽  
Seow Eng Ong
Keyword(s):  
Upward Mobility ◽  
House Price ◽  
Price Volatility ◽  
House Price Volatility ◽  
Housing Equity

The Housing Market in the United Kingdom: Effects of House Price Volatility on Households

2014 ◽  
Vol 35 (3) ◽  
pp. 371-394 ◽  
Author(s):  
Daniel Chandler ◽  
Richard Disney
Keyword(s):  
United Kingdom ◽  
Housing Market ◽  
House Price ◽  
Price Volatility ◽  
The United Kingdom ◽  
House Price Volatility

Heterogeneous expectation, beliefs evolution and house price volatility

2016 ◽  
Vol 53 ◽  
pp. 409-418 ◽  
Author(s):  
Hao Zhang ◽  
Yuyuan Huang ◽  
Haixiang Yao
Keyword(s):  
House Price ◽  
Price Volatility ◽  
House Price Volatility

House price volatility and negative equity

2018 ◽  
pp. 19-30
Author(s):  
Ray Forrest ◽  
Patricia Kennett ◽  
Philip Leather
Keyword(s):  
House Price ◽  
Price Volatility ◽  
House Price Volatility

Monetary policy and house price volatility in Western Europe

1995 ◽  
Vol 10 (4) ◽  
pp. 551-564 ◽  
Author(s):  
Mark Stephens
Keyword(s):  
Monetary Policy ◽  
Western Europe ◽  
House Price ◽  
Price Volatility ◽  
House Price Volatility

Hedonic pricing models and residual house price volatility

2019 ◽  
Vol 12 (2) ◽  
pp. 133-142 ◽  
Author(s):  
Gaetano Lisi
Keyword(s):  
House Price ◽  
Price Volatility ◽  
Hedonic Pricing ◽  
Pricing Models ◽  
House Price Volatility

Subprime Lending and House Price Volatility

2009 ◽  
Author(s):  
Andrey D. Pavlov ◽  
Susan M. Wachter
Keyword(s):  
House Price ◽  
Price Volatility ◽  
Subprime Lending ◽  
House Price Volatility

Towards Understanding the Volatility of Housing Prices and Exploring the Tourism Demand Impact

2019 ◽  
Vol 24 (4) ◽  
pp. 453-465 ◽  
Author(s):  
Hatice Ozer Balli ◽  
Faruk Balli ◽  
Susa Flint-Hartle ◽  
Xinping Yang
Keyword(s):  
Housing Prices ◽  
House Price ◽  
Price Volatility ◽  
Macroeconomic Fluctuations ◽  
Residential Property ◽  
Tourism Impact ◽  
Macroeconomic Factors ◽  
Metropolitan Regions ◽  
Northern Areas ◽  
House Price Volatility

Using an Exponential Generalized Autoregressive Conditional Heteroskedasticity model (EGARCH), the volatile nature of residential property prices in New Zealand is examined. The model investigates the extent to which macroeconomic fundamentals and a combined population shift/visitor factor called "tourism" impact residential property values and capture variations in volatility across different regions. We find that fundamentals have different impacts across regional property markets. In line with the literature, the bigger metropolitan regions like Auckland and Christchurch are more sensitive to macroeconomic factors than smaller regions. Additionally, we find house price volatility in southern regions is affected by macroeconomic fluctuations more than northern areas. Novel to the literature, we discover that "tourism" has significant impact on house price volatility as well, particularly in popular touristic areas. These results imply that to better understand the determinants of house price volatility and mitigate its effects, policy makers should consider a coordinated approach, taking a regional perspective and the interaction of several variables into account.

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