Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Shortrun Response Of Housing Markets To Demand Shifts
Download Shortrun Response Of Housing Markets To Demand Shifts full books in PDF, epub, and Kindle. Read online Shortrun Response Of Housing Markets To Demand Shifts ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Shortrun Response of Housing Markets to Demand Shifts by : C. Peter Rydell
Download or read book Shortrun Response of Housing Markets to Demand Shifts written by C. Peter Rydell and published by RAND Corporation. This book was released on 1979 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a theory of short-run market adjustments to exogenous demand shifts that is consistent with evidence from the Housing Assistance Supply Experiment (HASE). It is argued that (1) a 1.0 percent shift in rental demand leads to a rent change of only 0.26 percent, whereas capital value can change as much as 5.0 percent; and (2) landlords derive capital value in a tightening market primarily from decreased vacancy loss (because of monopolistic competition among themselves) rather than from increased nominal rent. Using HASE data, the theory predicts that a housing allowance program would cause short-run rent increases of 0.6 to 1.0 percent and capital value increases of 1.6 to 6.5 percent, depending on the size and duration of allowance-induced demand shifts.
Book Synopsis Shortrun Response of Housing Markets to Demand Shifts by : Rand Corporation
Download or read book Shortrun Response of Housing Markets to Demand Shifts written by Rand Corporation and published by . This book was released on 1976 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Department of Housing and Urban Development. Office of Policy Development and Research Publisher : ISBN 13 : Total Pages :164 pages Book Rating :4.:/5 (319 download)
Book Synopsis Compendium of Research Reports by : United States. Department of Housing and Urban Development. Office of Policy Development and Research
Download or read book Compendium of Research Reports written by United States. Department of Housing and Urban Development. Office of Policy Development and Research and published by . This book was released on 1980 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Housing and Planning References by :
Download or read book Housing and Planning References written by and published by . This book was released on 1980 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Modelling Spatial Housing Markets by : Geoffrey Meen
Download or read book Modelling Spatial Housing Markets written by Geoffrey Meen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spatial fixity is one of the characteristics that distinguishes housing from most other goods and services in the economy. In general, housing cannot be moved from one part of the country to another in response to shortages or excesses in particular areas. The modelling of housing markets and the interlinkages between markets at different spatial levels - international, national, regional and urban - are the main themes of this book. A second major theme is disaggregation, not only in terms of space, but also between households. The book argues that aggregate time-series models of housing markets of the type widely used in Britain and also in other countries in the past have become less relevant in a world of increasing income dispersion. Typically, aggregate relationships will break down, except under special conditions. We can no longer assume that traditional location or tenure patterns, for example, will continue in the future. The book has four main components. First, it discusses trends in housing markets both internationally and within nations. Second, the book develops theoretical housing models at each spatial scale, starting with national models, moving down to the regional level and, then, to urban models. Third, the book provides empirical estimates of the models and, finally, the models are used for policy analysis. Analysis ranges over a wide variety of topics, including explanations for differing international house price trends, the causes of housing cycles, the role of credit markets, regional housing market interactions and the role of housing in urban/suburban population drift.
Book Synopsis Understanding House Price Volatility by : Bengte L. Evenson
Download or read book Understanding House Price Volatility written by Bengte L. Evenson and published by . This book was released on 2003 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The speed with which its house prices respond to real economic shocks is critical to the functioning of an economic market. This speed is determined relative to the magnitudes of house price changes on the off-equilibrium path, as the market adjusts. When such changes are caused by an unexpected shift in housing demand, which is a substantial component of the variation in house prices, the magnitudes are determined by the elasticity of housing supply. I examine local housing-supply dynamics in each of 47 U.S. metropolitan-area housing markets using a unique market-level panel dataset. The data are analyzed with a conditional vector-autoregression, which characterizes the dynamic responses of housing price and stock to an increase in housing demand caused by a shift in employment. These response time-paths are used to create measures of short-, medium-, and long-run supply elasticities. Both the time-paths and the implied elasticities vary widely. I use several area characteristics to explain the variation in the supply elasticity measures across metropolitan areas. The results suggest that an area's population, land area, historical growth rate, region, January temperature, age of housing stock and incentive to regulate housing are all important determinants of a market's house-price response.
Book Synopsis Global Housing Markets by : Ashok Bardhan
Download or read book Global Housing Markets written by Ashok Bardhan and published by John Wiley & Sons. This book was released on 2011-10-27 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.
Book Synopsis Price Expectations and the U.S. Housing Boom by : Pascal Towbin
Download or read book Price Expectations and the U.S. Housing Boom written by Pascal Towbin and published by International Monetary Fund. This book was released on 2015-07-30 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1996 and 2006 the U.S. has experienced an unprecedented boom in house prices. As it has proven to be difficult to explain the large price increase by observable fundamentals, many observers have emphasized the role of speculation, i.e. expectations about future price developments. The argument is, however, often indirect: speculation is treated as a deviation from a benchmark. The present paper aims to identify house price expectation shocks directly. To that purpose, we estimate a VAR model for the U.S. and use sign restrictions to identify house price expectation, housing supply, housing demand, and mortgage rate shocks. House price expectation shocks are the most important driver of the boom and account for about 30 percent of the real house price increase. We also construct a model-based measure of exogenous changes in price expectations and show that this measure leads a survey-based measure of changes in house price expectations. Our main identification scheme leaves open whether expectation shifts are realistic or unrealistic. In extensions, we provide evidence that price expectation shifts during the boom were primarily unrealistic and were only marginally affected by realistic expectations about future fundamentals.
Book Synopsis The Economics of Housing Vouchers by : Joseph H. Friedman
Download or read book The Economics of Housing Vouchers written by Joseph H. Friedman and published by Academic Press. This book was released on 2014-05-10 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Housing Vouchers is a seven-chapter text that examines the housing choices of low-income families in two metropolitan areas, namely, Phoenix and Pittsburgh. Some of these households are offered a novel kind of housing subsidy, including a housing allowance or housing voucher, in an experimental framework designed to test this approach to demand-side housing assistance. Chapter 1 presents an overview of U.S. housing programs and the dimensions of the U.S. housing problem. Chapter 2 provides a simple microeconomic model that conceptualizes household behavior, as well as a summary of some of the extant evidence on housing demand. This chapter also estimates the housing demand models for the low-income population in the Demand Experiment, using housing expenditures to measure housing. Chapter 3 applies a hedonic index of housing services that abstracts from particular characteristics of the household or landlord that may affect rent and attempts to measure housing in a more objective manner. Chapter 4 describes a model of household behavior that leads to the methodology for estimating experimental effects. Chapter 5 repeats the analysis for Minimum Rent households, while Chapter 6 examines the effect of both kinds of Housing Gap allowance payment on the consumption of housing services. Lastly, Chapter 7 focuses on the implications of the experimental findings for housing policy. This chapter compares a housing allowance strategy with two other approaches, namely, a pure income-transfer approach and a construction-oriented approach. This book is of value to workers in housing policy, including economists, regional and other social scientists in academia, housing analysts, the Congress, housing lobby groups, and state and local government housing officials.
Author :United States. Dept. of Housing and Urban Development. Office of Policy Development and Research Publisher : ISBN 13 : Total Pages :164 pages Book Rating :4.3/5 ( download)
Book Synopsis Compendium of Research Contracts and Reports by : United States. Dept. of Housing and Urban Development. Office of Policy Development and Research
Download or read book Compendium of Research Contracts and Reports written by United States. Dept. of Housing and Urban Development. Office of Policy Development and Research and published by . This book was released on 1980 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Future of Housing Markets by : Leland S. Burns
Download or read book The Future of Housing Markets written by Leland S. Burns and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book's title betrays at once that it belongs in the forecast literature. Peering into the future is a notoriously treacherous venture. Nevertheless, it has become a prac tice endemic to the business and government worlds as well as to academia, especially economics. We like to be lieve that the enormous growth of forecasting in the face of some disappointments reflects real needs of decision makers (as well as the general public's well-warranted curiosity about the future). Fashion alone could hardly explain the sustained increase in the market for forecast services during the past few decades. Some professionals insist on fine distinctions be tween the forecast, the projection, the prediction-and the prophecy. The differences are more semantic than real, as the mandatory resort to Webster confirms. The entry "forecast" includes references to prediction and prophecy without differentiation, while "projection" is defined, among other things, as prediction or "advance estimate." We use mainly the term projections because v PREFACE vi much of our statistical research is based on forward es timates of population and households by the U.S. Bu reau of the Census which the bureau itself, the greatest fountain of data in the world, records as projections.
Book Synopsis Policy Studies: Review Annual by : Ray Rist
Download or read book Policy Studies: Review Annual written by Ray Rist and published by Taylor & Francis. This book was released on 2018-04-20 with total page 777 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sixth edition of this annual collection of the year's best work in policy studies. Contributions in this volume reflect the increased emphasis on budget conscious and carefully targeted social programmes. Exemplifying a range of analytic and methodological strategies, this edition features studies from Australia, the United States, West Germany, and Great Britain.
Book Synopsis COVID-19: Systemic Risk and Resilience by : Igor Linkov
Download or read book COVID-19: Systemic Risk and Resilience written by Igor Linkov and published by Springer Nature. This book was released on 2021-04-30 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide a collection of early ideas regarding the results of applying risk and resilience tools and strategies to COVID-19. Each chapter provides a distinct contribution to the new and rapidly growing literature on the developing COVID-19 pandemic from the vantage points of fields ranging from civil and environmental engineering to public policy, from urban planning to economics, and from public health to systems theory. Contributing chapters to the book are both scholars and active practitioners, who are bridging their applied work with critical scholarly interpretation and reflection. The book's primary purpose is to empower stakeholders and decision-makers with the most recent research in order that they can better understand the systemic and sweeping nature of the COVID-19 pandemic, as well as which strategies could be implemented to maximize socioeconomic and public health recovery and adaptation over the long-term.
Book Synopsis Social Experimentation by : Jerry A. Hausman
Download or read book Social Experimentation written by Jerry A. Hausman and published by University of Chicago Press. This book was released on 2007-12-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1970 the United States government has spent over half a billion dollars on social experiments intended to assess the effect of potential tax policies, health insurance plans, housing subsidies, and other programs. Was it worth it? Was anything learned from these experiments that could not have been learned by other, and cheaper, means? Could the experiments have been better designed or analyzed? These are some of the questions addressed by the contributors to this volume, the result of a conference on social experimentation sponsored in 1981 by the National Bureau of Economic Research. The first section of the book looks at four types of experiments and what each accomplished. Frank P. Stafford examines the negative income tax experiments, Dennis J. Aigner considers the experiments with electricity pricing based on time of use, Harvey S. Rosen evaluates housing allowance experiments, and Jeffrey E. Harris reports on health experiments. In the second section, addressing experimental design and analysis, Jerry A. Hausman and David A. Wise highlight the absence of random selection of participants in social experiments, Frederick Mosteller and Milton C. Weinstein look specifically at the design of medical experiments, and Ernst W. Stromsdorfer examines the effects of experiments on policy. Each chapter is followed by the commentary of one or more distinguished economists.
Book Synopsis Taxation, Housing Markets, and the Markets for Building Land by : Bernd Gutting
Download or read book Taxation, Housing Markets, and the Markets for Building Land written by Bernd Gutting and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost everywhere in the world housing policies play an important role in government programs. Especially in the industrialized Western economies housing policy issues are triggered mainly by two developments: growing population density and increasing environmental pollution enforce a systematic planning of regional and urban development; all social groups want to participate in the increasing welfare of the domestic economies; until today housing policy is considered an appropriate tool for redistribution and social policy. Taxation serves as an important instrument for the realization of the political objectives mentioned above. Surprisingly, there exists wide-spread consent (even on the academic side) on the effectivity of this instrument. However, strictly speaking this consent concerns only the short run. Long-term effects are usually ignored. Therefore, there is always the inherent risk in these policies that (supposed) market inefficiencies will not be cured, but merely carried forward, and possibly amplified. Moreover, it is characteristic for the political discussion that there is no consistent notion of what efficient housing and land markets ought to look like. Generally accepted for example, is the position that land speculation should be fought whereever possible. Hardly anyone asks the question whether the holding of building land will be beneficial to the economy as a whole, and not only to the speculant.
Book Synopsis The Housing of Nations by : Leland S Burns
Download or read book The Housing of Nations written by Leland S Burns and published by Springer. This book was released on 1977-05-26 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing in the Seventies written by and published by . This book was released on 1976 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt:
