Rich pickings? Risk, return, and skill in household wealth
We investigate wealth returns on an administrative panel containing the disaggregated
balance sheets of Swedish residents. The expected return on household net wealth is …
balance sheets of Swedish residents. The expected return on household net wealth is …
Very long-run discount rates
We estimate how households trade off immediate costs and uncertain future benefits that
occur in the very long run, 100 or more years away. We exploit a unique feature of housing …
occur in the very long run, 100 or more years away. We exploit a unique feature of housing …
The determinants of real estate prices in a European context: a four-level analysis
Purpose This paper explores the real estate price determinants at four geographical levels:
in the European Union as a whole, in the 28 European Union countries, in one European …
in the European Union as a whole, in the 28 European Union countries, in one European …
Understanding the puzzling risk-return relationship for housing
L Han - The Review of Financial Studies, 2013 - academic.oup.com
Standard theory predicts a positive relationship between risk and return, yet recent data
show that housing returns vary positively with risk in some markets but negatively in others …
show that housing returns vary positively with risk in some markets but negatively in others …
Superstar returns
We study long-term returns on residential real estate in 27" superstar" cities in 15 countries
over 150 years. We find that total returns in superstar cities are close to 100 basis points …
over 150 years. We find that total returns in superstar cities are close to 100 basis points …
Reasoning behind choices: rationality and social norms in the housing market behaviour of first-time buyers in the Czech Republic
The main objective of this paper is to draw attention to the influence of social norms on
housing market behaviour. The research is based on an in-depth qualitative study of first …
housing market behaviour. The research is based on an in-depth qualitative study of first …
A win-win partnership for affordable homeownership solutions by connecting responsible investors, community housing providers, and government
Many studies have examined the affordable housing sector from the welfare perspective, but
no study has discussed the sector's investment perspective. Therefore, this study presents …
no study has discussed the sector's investment perspective. Therefore, this study presents …
Testing for micro‐efficiency in the housing market
AK Anundsen, E Røed Larsen - International Economic Review, 2018 - Wiley Online Library
Using highly granular transaction‐level data for the Norwegian housing market over the
period 2002–2014, we investigate whether excessive prices persist or revert in repeat sales …
period 2002–2014, we investigate whether excessive prices persist or revert in repeat sales …
The boom, the bust and the future of homeownership
SA Gabriel, SS Rosenthal - Real Estate Economics, 2015 - Wiley Online Library
This article investigates the boom and bust in US homeownership rates over the 2000–2010
period. Using individual‐level census data, we first estimate 204 homeownership …
period. Using individual‐level census data, we first estimate 204 homeownership …
House price dynamics in Iberian Metropolitan Statistical Areas: slope heterogeneity, cross-sectional dependence and elasticities
Purpose This paper studies the dynamics and elasticities of house prices in Spain and
Portugal (Iberia) at the Metropolitan Statistical Area (MSA) level, addressing panel …
Portugal (Iberia) at the Metropolitan Statistical Area (MSA) level, addressing panel …