Author: Karl E. CasePublisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
The Behavior of Home Buyers in Boom and Post Boom Markets in New York City
Author: Karl E. CaseThe Behavior of Home Buyers in Boom and Post Boom Markets
Author: Karl E. CasePublisher:
ISBN:
Category : Consumers' preferences
Languages : en
Pages : 60
Book Description
A questionnaire survey looked at home buyers in May 1988 in two "boom" cities currently experiencing rapid price increases (Anaheim and San Francisco), a "post-boom" city whose home prices are stable or falling a couple years after rapid price increase (Boston) and a "control" city where home prices had been very stable (Milwaukee). Home buyers in the boom cities had much higher expectations for future price increases, and were more influenced by investment motives. The interpretations that people place on the boom are not usually related to any concrete news event; there are instead oft-repeated cliches about home prices. This suggests that sudden real estate booms have, at least in part, a social, rather than rational or economic, basis. There is evidence for excess demand in boom markets and excess supply in the post-boom market; there appear to be various reasons for this: notions of fairness, intrinsic worth, popular theories about prices, coordination problems, and simple mistakes.
The Behavior of Home Buyers in Boom and Post Boom Markets
Author: The Balance of Home Buyers in Boom and Post Boom Markets
Author: Karl E. CasePublisher:
ISBN:
Category : Housing, Single family
Languages : en
Pages : 21
Book Description
The Great Housing Bubble
Author: Lawrence RobertsPublisher: Monterey Cypress LLC
ISBN: 0615226930
Category : Art
Languages : en
Pages : 251
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
The Behavior of Home Buyers and Sellers in Post-boom Markets
Author: Olga VidishevaMarket Volatility
Author: Robert J. ShillerPublisher: MIT Press
ISBN: 9780262691512
Category : Business & Economics
Languages : en
Pages : 486
Book Description
Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility. Why does the stock market crash from time to time? Why does real estate go in and out of booms? Why do long term borrowing rates suddenly make surprising shifts? Market Volatility represents a culmination of Shiller's research on these questions over the last dozen years. It contains reprints of major papers with new interpretive material for those unfamiliar with the issues, new papers, new surveys of relevant literature, responses to critics, data sets, and reframing of basic conclusions. Included is work authored jointly with John Y. Campbell, Karl E. Case, Sanford J. Grossman, and Jeremy J. Siegel. Market Volatility sets out basic issues relevant to all markets in which prices make movements for speculative reasons and offers detailed analyses of the stock market, the bond market, and the real estate market. It pursues the relations of these speculative prices and extends the analysis of speculative markets to macroeconomic activity in general. In studies of the October 1987 stock market crash and boom and post-boom housing markets, Market Volatility reports on research directly aimed at collecting information about popular models and interpreting the consequences of belief in those models. Shiller asserts that popular models cause people to react incorrectly to economic data and believes that changing popular models themselves contribute significantly to price movements bearing no relation to fundamental shocks.
The Microstructures of Housing Markets
Author: Susan J. SmithPublisher: Routledge
ISBN: 1317968026
Category : Business & Economics
Languages : en
Pages : 300
Book Description
House prices and mortgage debt have moved to centre stage in the management of national economies, regional development and neighbourhood change. Describing, analysing and understanding how housing markets work within and across these scales of economy and society has never been more urgent. But much more is known about the macro-scales than the microstructures; and about the economic rather than social drivers of housing market dynamics. This book redresses the balance. It shows that housing markets are social, cultural and psychological – as well as economic – affairs. This multidisciplinary approach is helpful in understanding the economic staples of supply, demand, price and information. It also casts new light on the emotional and political economy of markets.
The 1985-94 global real estate cycle : its causes and consequences
Author: Bertrand RenaudPublisher: World Bank Publications
ISBN:
Category : Politica fiscal - Paises desarrollados
Languages : en
Pages : 44
Book Description
Urban Finance Under Siege
Author: Thomas R. SwartzPublisher: Routledge
ISBN: 131528779X
Category : Business & Economics
Languages : en
Pages : 167
Book Description
An account of the later years of Tsarism. Witte presents portraits of the statesmen around him, explains the problem of bringing the economy to a level commensurate with Russia's putative position as the greatest land power in the world and the effort to create a constitutional monarchy.