How to Deal with Real Estate Booms

How to Deal with Real Estate Booms PDF Author: Mr.Pau Rabanal
Publisher: International Monetary Fund
ISBN: 1455253308
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as implementation challenges of various policy tools that can be used to contain the damage to the financial system and the economy from real estate boom-bust episodes.

How to Deal with Real Estate Booms

How to Deal with Real Estate Booms PDF Author: Mr.Pau Rabanal
Publisher: International Monetary Fund
ISBN: 1455253308
Category : Business & Economics
Languages : en
Pages : 60

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Book Description
The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as implementation challenges of various policy tools that can be used to contain the damage to the financial system and the economy from real estate boom-bust episodes.

Hot Property

Hot Property PDF Author: Rob Nijskens
Publisher: Springer
ISBN: 3030116743
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.

Fundamental Drivers of House Prices in Advanced Economies

Fundamental Drivers of House Prices in Advanced Economies PDF Author: Ms.Nan Geng
Publisher: International Monetary Fund
ISBN: 1484367626
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run equilibrium or sustainable levels, potentially followed by adjustments that impact macroeconomic and financial stability. Therefore there is a need to monitor house prices and assess whether they are sustainable. This paper focuses on fundamentals expected to drive long run trends in house prices, including institutional and structural factors. The scale of potential valuation gaps is gauged on the basis of a cross-country panel analysis of house prices in 20 OECD countries.

Housing Economics and Public Policy

Housing Economics and Public Policy PDF Author: Anthony O'Sullivan
Publisher: John Wiley & Sons
ISBN: 0470680415
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
This book is a timely assessment of 20 years of progress in the field of housing economics and its application to policy and practice. Two decades on from the publication of Duncan Maclennan's influential Housing Economics, 16 leading housing experts - both academics and policy makers from across the world - now honour Maclennan's contributions. The chapters here present a contemporary survey of key issues in housing, from urban housing markets and sub-market modelling, to the economics of social housing, the basis for housing planning, economic analysis of neighbourhoods, and the connections between academic work and policy development. For students, researchers and practitioners in housing, urban economics and social policy, Housing Economics and Public Policy: . provides up to date and comprehensive reviews of major areas of the housing economics literature . sheds light on the economic, social and spatial processes that affect housing . includes discussion of major areas of cutting edge housing economics research and identifies continuing gaps . presents a synthesis of housing economics research on both sides of the Atlantic . assesses the impact of theory on policy and practice

The Determinants of Housing Market

The Determinants of Housing Market PDF Author: Yin-ching Tse (Raymond)
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 38

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Book Description


House Price Indices

House Price Indices PDF Author: Thomas G. Thibodeau
Publisher: Springer Science & Business Media
ISBN: 9780792398837
Category : Business & Economics
Languages : en
Pages : 266

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Book Description
This book contains a special issue of the Journal of Real Estate Finance and Economics, comprising thirteen articles on house price measurement. These articles address the various procedures used to compute cross-sectional or temporal house price indices. Specifically, these articles contain research that: (1) evaluates hedonic, repeat sales, or hybrid approaches to constructing house price indices; (2) evaluates alternative sources of data on house prices and corresponding housing characteristics; (3) identifies the most influential land, structural, neighborhood, and proximity determinants of house prices (and associated changes in house prices); (4) provides a methodology for identifying housing market segments; (5) incorporates spatial autocorrelation in house price indices; and (6) provides more accurate estimates of the variance in house prices.

Practicing Utopia

Practicing Utopia PDF Author: Rosemary Wakeman
Publisher: University of Chicago Press
ISBN: 022634603X
Category : Architecture
Languages : en
Pages : 391

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Book Description
Rosemary Wakeman provides a sweeping history of "new towns"--those created by fiat rather than out of geographic or economic logic and often intended to break with the tendencies of past development. Heralded throughout the twentieth century as solutions to congestion, environmental threats, architectural malaise, and cultural anomie, today they are often seen as sad, pernicious, or merely suburban. Wakeman shows that hundreds of such towns sprang from templates and designs not only in North America and across Europe but around the world, revealing how different cultures dreamed of (re)organizing themselves. Wakeman also illuminates the missteps and unanticipated results of the initial optimistic choices and impulses.

The Determinants of Value in the Philadelphia Housing Market

The Determinants of Value in the Philadelphia Housing Market PDF Author: Robert H. Edelstein
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 46

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Book Description


Housing Economics

Housing Economics PDF Author: Geoffrey Meen
Publisher: Springer
ISBN: 1137472715
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
The world has still to emerge fully from the housing-triggered Global Financial Crisis, but housing crises are not new. The history of housing shows long-run social progress, littered with major disasters; nevertheless the progress is often forgotten, whilst the difficulties hit the headlines. Housing Economics provides a long-term economic perspective on macro and urban housing issues, from the Victorian era onwards. A historical perspective sheds light on modern problems and the constraints on what can be achieved; it concentrates on the key policy issues of housing supply, affordability, tenure, the distribution of migrant communities, mortgage markets and household mobility. Local case studies are interwoven with city-wide aggregate analysis. Three sets of issues are addressed: the underlying reasons for the initial establishment of residential neighbourhoods, the processes that generate growth, decline and patterns of integration/segregation, and the impact of historical development on current problems and the implications for policy.

The Determinants of Housing Demand

The Determinants of Housing Demand PDF Author: Eric Alan Hanushek
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 36

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Book Description