A central principle underlying government policy is to help people maintain their independence in their own homes for as long as possible. In particular, there has been a long-standing policy to reduce admissions to care homes. Extra care housing is a development of sheltered housing that aims to meet the housing, care and support needs of older people, while helping them to maintain their inde...

Real residential investment in Germany is found to be cointegrated with population, real national income per capita and real house prices. This evidence is consistent with a model where the trend in housing demand is determined by demographic factors and economic well-being to which supply adjusts so slowly that real house prices are affected persistently. Reunification seems to have induced tw...

The correlation between stock and housing prices, which is critical for household asset allocations, varies widely by metropolitan area and country. A general equilibrium model demonstrates that an aggregate positive technology shock increases stock prices and housing demand but can decrease housing prices where land supply is elastic because stable future rents are discounted at higher interes...

Much of the macroeconomics literature dealing with wealth distribution has become abstracted from modeling housing explicitly. This paper investigates the properties of the wealth distribution and the portfolio composition regarding housing and equity holdings and their relationship to macroeconomic shocks. To this end, I construct a business cycle model in which agents differ in age, income, a...

Is housing price growth causally linked with information technology (IT) investment among firms? Using establishment data between 1996-2007, we find that a percentage point rise in the growth rate of zipcode-level housing prices is associated with a 0.03-0.08% increase in information technology. Our results are robust to exploiting historical housing price shocks between 1980-1990, which genera...

Public housing is the largest housing submarket in Singapore. There is also an active resale public housing market, where public housing dwellers are allowed to trade their houses after a time-bar of five years from the date of their purchase. This segment of resale HDB market is liken the private housing submarkets, where housing prices are more likely to fluctuate in accordance to the market ...