منابع مشابه
First-Time Home Buyers and Residential Investment Volatility
Like other macroeconomic variables, residential investment has become much less volatile since the mid-1980s (recent experience notwithstanding.) This paper explores the role of structural change in this decline. Since the the early 1980s there have been many changes in the underlying structure of the economy, including those in the mortgage market which have made it easier to acquire a home. W...
متن کاملRadon Survey of Recent Home Buyers
In an effort to evaluate the prevalence of radon disclosure during real-estate transactions, surveys of recent home buyers regarding radon awareness, testing, and remediation were conducted in 26 counties in four regions of New York State. A 1999 survey, canvassing 2220 buyers in 12 counties, produced 647 responses. The 2002 survey, canvassing 5299 buyers in 14 different counties, produced an a...
متن کاملAn NPV Analysis of Buying versus Renting for Prospective Australian First Home Buyers
This paper explores buying versus renting as an investment decision for a prospective Australian first home buyer, by comparing the NPVs of buying and renting. An ex-post analysis for overlapping 10-year periods from 1983 to 2013 for Australia’s eight capital cities suggests that renting was favourable for the decade from 1983 in most capital cities and buying was favourable from the early 1990...
متن کاملDiscussion of Home-buyers, Housing and the Macroeconomy
We have learned from other contributions to this conference that it can be diffi cult to pin down whether a particular rise in asset prices constitutes a bubble, especially at the time it is happening. It may be easier ex post – the defi nition that says that you know youʼve had an asset bubble when the price has just fallen by 40 per cent. Despite these uncertainties, I think it makes sense to...
متن کاملAre Home Buyers Myopic? Evidence From Capitalization of Energy Costs
This paper explores whether home buyers are myopic about future energy costs. I exploit variation in energy costs in the form of fuel price changes in Massachusetts where there is significant overlap in the geographic and age distributions of oil-heated homes and gas-heated homes. I find that relative fuel price shifts cause relative changes in housing transaction prices that are consistent wit...
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ژورنال
عنوان ژورنال: Pacific Rim Property Research Journal
سال: 2003
ISSN: 1444-5921,2201-6716
DOI: 10.1080/14445921.2003.11104151