Speculative Bubbles in the Residential Real Estate Market PDF Download
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Author: Juan Carlos Guevara Guevara
Publisher:
ISBN:
Category :
Languages : en
Pages : 380
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Book Description
Author: Juan Carlos Guevara Guevara
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 190
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Book Description
Author: Ogonna Nneji
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
This paper examines the dynamics of the residential property market in the United States between 1960 and 2011. Given the cyclicality and apparent overvaluation of the market over this period, we determine whether deviations of real estate prices from their fundamentals were caused by the existence of two genres of bubbles: intrinsic bubbles and rational speculative bubbles. We find evidence of an intrinsic bubble in the market pre-2000, implying that overreaction to changes in rents contributed to the overvaluation of real estate prices. However, using a regime-switching model, we find evidence of periodically collapsing rational bubbles in the post-2000 market.
Author: Man-Suen Ho
Publisher: Open Dissertation Press
ISBN: 9781374797673
Category : Architecture
Languages : en
Pages : 72
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Book Description
This dissertation, "Speculative Bubbles in the Real Estate Market" by Man-suen, Ho, 何敏璇, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b3125166 Subjects: Residential real estate - Prices - China - Hong Kong Speculation - China - Hong Kong
Author: Luca Dominikat
Publisher: GRIN Verlag
ISBN: 3346874117
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Bachelor Thesis from the year 2022 in the subject Economy - Real estate industry, grade: 1,3, Hamburg University of Applied Sciences, language: English, abstract: The development of real estate prices is of extraordinary importance for the financial and economic system, as undesirable developments could endanger financial stability, as seen in the subprime crisis, which eventually evolved into a global financial crisis. The same month the dot-com bubble burst, the Nobel Prize winner and current book author Robert J. Shiller published the non-fictional, bestselling first edition of his book, named "Irrational Exuberance", in which he explains his research on the occurrences and the causes of historical financial crises, while supplementing the conclusions with aspects of behavioural finance and social studies. As Shiller’s assertions are mainly based on the US market, research has been conducted to clarify whether his housing index and the concept of irrational exuberance can be applied to the German real estate market. By the detailed consideration of selected aspects of the book in connection with the conception of academic literature, this thesis finds that his ideas can principally be transferred to assess whether the German real estate market currently exhibits bubbly tendencies. This assessment is conducted, however, there are limitations in the sole consideration as an indicator as well as in the critical evaluation of the German real estate market.
Author: Michael Thomsett
Publisher: AMACOM
ISBN: 0814430112
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
We’ve all heard the reports -- the great housing boom that has fueled premium prices and sellers’ dreams is slowing down. The real estate market may experience ups and downs like any other, but it’s not likely to implode spontaneously. With proper planning and a little knowledge, homeowners, investors, and other stakeholders can avoid disaster and in fact profit on their properties regardless of what the market does. Beyond the Bubble takes a balanced look at what drives changes in real estate markets and how these changes affect property owners and investors. Readers will learn: * the history, nature, and dynamics of market ‘bubbles’ * how to anticipate a coming downturn and act accordingly * the regional nature of real estate market conditions * differences and similarities in residential and commercial markets * other profit strategies when selling is difficult or impossible * how to analyze the market using facts, not hype. Thorough and well-reasoned, Beyond the Bubble will help property owners maintain a strong and level foundation for their financial futures.
Author: Steve Jones
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
The real estate industry has a close relationship with the national economy. As a pillar industry, it effectively stimulates other industry growth and has accelerated housing demand in China notably over the past decade. However, due to multiple factors, the creation of a bubble economy is inevitable within the real estate industry. For example, factors could be the rapid growth of investment portfolios and the increase in residential property price, or an imbalance between market supply and demand which results in the disproportionate structure of the real estate market."the basic intuition is straightforward: if the reason that the price is high today is only because investors believe that the selling price will be high tomorrow-when 'fundamental' factors do not seem to justify such a price-then a bubble exists" (Stiglitz, 1990).This dissertation aims to; (1) Analyse the generation mechanism and driving forces of real estate bubble, (2) Find the degree of the speculative bubble in Chinese market, (3) Investigate the bubble in residential market in Shenzhen, and (4) Obtain the useful suggestions that can be used for the speculative bubble regulation and control.
Author: Christoph Duenwald
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451841756
Category :
Languages : en
Pages : 29
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Book Description
This paper examines the determinants of residential property prices in Hong Kong SAR during 1980–98. It uses time-series analysis techniques to characterize price developments, establish empirical regularities, and provide measures of the deviations of actual price changes from “trend.” The analysis suggests that at the peak of the boom, in mid-1997, the level of property prices may have been 40–45 percent above levels suggested by developments in “fundamentals.” The analysis highlights the role of demand-side factors, and the data are not inconsistent with the notion that the property market may be subject to speculative bubbles.
Author: Lawrence Roberts
Publisher: Monterey Cypress LLC
ISBN: 0615226930
Category : Art
Languages : en
Pages : 251
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Book Description
A detailed analysis of the psychological and mechanical causes of the biggest rally, and subsequent fall, of housing prices ever recorded. Examines the causes of the breathtaking rise in prices and the catastrophic fall that ensued to answer the question on every homeowner's mind: "Why did house prices fall?"--Page 4 of cover
Author: Ogonna Nneji
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Ogonna Nneji
Publisher:
ISBN:
Category :
Languages : en
Pages : 35
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Book Description
In this paper we determine whether speculative bubbles in one region in the US can lead bubbles to form in others. We first apply a regime-switching model to determine whether speculative bubbles existed in the US regional residential real estate markets. Our findings suggest that the housing markets in five of the nine census divisions investigated were characterized by speculative bubbles. We then examine the extent to which bubbles spill over between neighbouring and more distant regions, finding that the transmission of speculative bubbles and non-fundamentals between regions is multi-directional and does not depend on contiguity or distance.
