scholarly journals Long Run Expectations, Learning and the U.S. Housing Market

2015 ◽  
Author(s):  
Daniel L. Tortorice
Keyword(s):  
Housing Market ◽  
Long Run ◽  
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.

Chasing Trends in the U.S. Housing Market

2011 ◽  
Author(s):  
Roy R. P. Kouwenberg ◽  
Remco C. J. Zwinkels
Keyword(s):  
Housing Market ◽  
The U.S

A multifractal detrended fluctuation analysis of housing market: a role of financial crises in developed economies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Syed Ali Raza ◽  
Nida Shah ◽  
Muhammad Tahir Suleman ◽  
Md Al Mamun
Keyword(s):  
Financial Crisis ◽  
Housing Market ◽  
Market Efficiency ◽  
House Price ◽  
Fluctuation Analysis ◽  
Content Type ◽  
Multifractal Detrended Fluctuation Analysis ◽  
Long Run ◽  
Before And After

Purpose This study aims to examine the house price fluctuations in G7 countries by using the multifractal detrended fluctuation analysis (MF-DFA) for the years 1970–2019. The study examined the market efficiency between the short-term and long-term in the full sample period, before and after the global financial crisis period. Design/methodology/approach This study uses the MF-DFA to analyze house price fluctuations. Findings The findings confirmed that the housing market series are multifractal. Furthermore, all the markets showed long-term persistence in both the short and long-term. The USA is identified as the most persistent house market in the short run and Japan in the long run. Moreover, in terms of efficiency, Canada is identified as the most efficient house market in the long run and the UK in the short run. Finally, the result of before and after the financial crisis period is consistent with the full sample result. Originality/value The contribution of this study in the literature is fourfold. This is the first study that has examined the house prices efficiency by using the MF-DFA technique given by Kantelhardt et al. (2002). Previously, the house market prices and efficiency has been investigated using generalized Hurst exponent (Liu et al., 2019), Quantile Regression Approach (Chae and Bera, 2019; Tiwari et al., 2019) but no study to the best of the knowledge has been done that has used the MF-DFA technique on the housing market. Second, this is the first study that has focused on the house markets of G7 countries. Third, this study explores the house market efficiency by dividing the market into two periods i.e. before and after the financial crisis. The study strives to investigate if the financial crisis determines the change in the degree of market efficiency or not. Finally, the study gives valuable insights to the investors that will help them in their investment decisions.

scholarly journals The Impact of the COVID-19 Pandemic on the Demand for Density: Evidence from the U.S. Housing Market

2020 ◽  
Vol 2020 (2024) ◽  
Author(s):  
Sitian Liu ◽  
◽  
Yichen Su ◽  
Keyword(s):  
Housing Market ◽  
The Impact ◽  
The U.S

scholarly journals Origins and Resolution of Financial Crises: Lessons from the Current and Northern European Crises

2009 ◽  
Vol 8 (3) ◽  
pp. 178-220 ◽  
Author(s):  
Finn Østrup ◽  
Lars Oxelheim ◽  
Clas Wihlborg
Keyword(s):  
Financial Crisis ◽  
Housing Market ◽  
Political Institutions ◽  
Financial Crises ◽  
World Economy ◽  
Credit Crunch ◽  
Original Strain ◽  
Northern European ◽  
The World ◽  
The U.S

Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises rarely distinguishes between factors that create the original strain on the financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue that a financial crisis with its contagion within the system is caused by failures of legal, regulatory, and political institutions.

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.

scholarly journals Liquidity Constraints in the U.S. Housing Market

2017 ◽  
Author(s):  
Corina Boar ◽  
Denis Gorea ◽  
Virgiliu Midrigan
Keyword(s):  
Housing Market ◽  
Liquidity Constraints ◽  
The U.S
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