[PDF] Global Housing Markets eBook

Author : Rob Nijskens
Publisher : Springer
Page : 220 pages
File Size : 38,98 MB
Release : 2019-06-14
Category : Business & Economics
ISBN : 3030116743

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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.

Author : Ashok Bardhan
Publisher : John Wiley & Sons
Page : 576 pages
File Size : 17,30 MB
Release : 2011-10-27
Category : Business & Economics
ISBN : 1118144236

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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.

Author : Ms.Deniz Igan
Publisher : International Monetary Fund
Page : 56 pages
File Size : 34,72 MB
Release : 2012-08-01
Category : Business & Economics
ISBN : 1475505671

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Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements. Empirical analysis shows that house price dynamics are mostly driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the implied equilibrium path. We conclude with a discussion of the macroeconomic implications of house price corrections.

Author : Daniela Knight
Publisher : NY Research Press
Page : 0 pages
File Size : 25,16 MB
Release : 2023-09-26
Category : Business & Economics
ISBN : 9781647254490

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The housing market refers to the property market where properties are bought and sold to buyers either directly or through real estate agents. It is a series of interconnected and location-specific submarkets, which exist on three different levels, namely, international, regional and urban. All countries have their unique set of housing problems and each country has its own different set of policies, practices, and institutions to deal with those issues. Demographic factors are the primary determinants of demand in the housing markets. Although, other elements like consumer preferences, income and credit availability are also crucial. Some of the most valuable real estate markets in the world include China, USA, Japan, UK, India, Germany, France, Brazil, Italy, and Russia. During the last decade, the world has witnessed a trend of global housing shortage along with increased demand due to Covid-19 pandemic. However, certain policies that can be adopted by countries in order to deal with the global housing shortages include upzoning, relaxing immigration laws, providing financial incentives, and providing mortgages to homebuyers. This book provides comprehensive insights on the policies and practices related to international housing markets. Those in search of information to further their knowledge will be greatly assisted by it.

Author : Rita Yi Man Li
Publisher : Routledge
Page : 199 pages
File Size : 30,43 MB
Release : 2016-03-31
Category : Business & Economics
ISBN : 1317587928

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This book explores how econometric modelling can be used to provide valuable insight into international housing markets. Initially describing the role of econometrics modelling in real estate market research and how it has developed in recent years, the book goes on to compare and contrast the impact of various macroeconomic factors on developed and developing housing markets. Explaining the similarities and differences in the impact of financial crises on housing markets around the world, the author's econometric analysis of housing markets across the world provides a broad and nuanced perspective on the impact of both international financial markets and local macro economy on housing markets. With discussion of countries such as China, Germany, UK, US and South Africa, the lessons learned will be of interest to scholars of Real Estate economics around the world.

Author : Nicole Gurran
Publisher : Springer
Page : 449 pages
File Size : 26,75 MB
Release : 2017-05-31
Category : Political Science
ISBN : 1137464038

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This book re-examines the role of urban policy and planning in relation to the housing market in an era of global uncertainty and change. The relationship between planning and the housing market is a contested problem across research, policy, and practice. Problems with housing supply and affordability in many nations have been linked to planning system constraints, while the global financial crisis has raised new questions about the role of urban planning regulation and processes in responding to housing market trends. With reference to international cases from the United Kingdom, the United States, Ireland, Hong Kong and Australia, the book examines how different systems of urban planning and governance address complex and dynamic housing market trends. It also offers practical guidance on how urban planning can support an efficient supply of appropriate and affordable homes in preferred locations. A detailed study, which explains and decodes the workings of the planning system and housing market, this book will be of particular interest to scholars of human geography and urban planning, as well as housing policy makers and practitioners. To view Nicole Gurran’s related TEDx talk please visit: Housing Crisis? How about housing solutions. TEDx Sydney 2018 (http://bit.ly/2psfpMw)

Author : Elizabeth Fretty
Publisher : Elizabeth Fretty
Page : 41 pages
File Size : 25,47 MB
Release : 2023-06-23
Category : Business & Economics
ISBN :

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Home listing prices continue to be high. Mortgage interest rates are high; the last time they were this high was in the early 2000s. But the cost of borrowing is likely to go up over the next year, which will make the decision much harder for people who may need to buy in that time. The majority of us will continue investing in the markets and accumulating money for a down payment until the housing market stabilizes. Q.ai eliminates uncertainty from investment. Here’s How Strange the Housing Market Is Getting Right Now. In other words, rising mortgage rates are bad news for the housing market, and the US just saw one of the sharpest hikes ever. Home buyers are now dealing with severe price shock as affordability indicators are deteriorating at their highest rate ever. In fact, a number of market milestones have been reached recently, with mortgage spreads and benchmark interest rates reaching levels that haven’t been seen in decades while the number of new sales is declining at a rate that is faster than even during the period following the global

Author : Rebecca L. H. Chiu
Publisher : Taylor & Francis
Page : 427 pages
File Size : 41,91 MB
Release : 2019-03-18
Category : Political Science
ISBN : 0429796161

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Recent rapid housing market expansion in China is presenting new challenges for policy makers, planners, business people, and citizens. Now that housing in middle-income China is driven by consumer choices and is no longer dominated by state policy decisions, housing policy issues in Chinese cities are becoming increasingly similar to those encountered in other global housing markets. With soaring prices and imbalances in housing supply favoring high income groups and housing demand driven by rising inequality in household incomes, many middle and lower-income households face worsening choices in terms of the quality and location of their housing as well as greater financial difficulties, which together can have negative implications for standards of public health. This book examines the impact of these changes on the general population, as well as on aspiring homeowners and developers. The contributors look at the effect on the widening of wealth gaps, slower economic growth, and threats to political and social stability. Though focusing on China, the editors also present discussions of specific policy design challenges encountered in Australia, Japan, Korea, the Netherlands, the Nordic countries, Singapore, Taiwan, the UK, and the US. This book would be of interest to housing policy makers, as well as academics who are studying the social and political effects of the Chinese housing market.

Author : Franklin Allen
Publisher : Pearson Prentice Hall
Page : 214 pages
File Size : 35,40 MB
Release : 2012
Category : Business & Economics
ISBN : 0137011601

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Explains the financial history leading to the mortgage meltdown and assesses today's housing finance systems in the United States and abroad.

Author : Ray Forrest
Publisher : Edward Elgar Publishing
Page : 273 pages
File Size : 12,53 MB
Release : 2011-01-01
Category : Political Science
ISBN : 1849805849

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The impacts of the so-called global crisis are, in fact, highly uneven for both households and institutions. This unique book investigates why this is the case, whilst emphasizing the consequences. It encompasses the experiences of all the major economies, including: Australia, China, Hong Kong, Hungary, Iceland, Ireland, Japan, New Zealand, the Netherlands, South Korea, the USA, the UK and Vietnam, highlighting and comparing a wide range of housing systems and crisis impacts. Housing Markets and the Global Financial Crisis will strongly appeal to academics and postgraduate students in social policy, urban studies, public policy, economics, sociology and human geography. In addition, anyone with a general interest in globalization, neoliberalism and the changing nature of contemporary capitalist societies, as well as those with particular interests in housing markets and housing policy, will find this book enriching and enlightening.