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Gauging Housing Supply in Canada »
Source: Gauging Housing Supply in Canada : A Stock Approach
Volume/Issue: 2015/128
Series: IMF Working Papers
Author(s): Julien Reynaud
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 June 2015
ISBN: 9781513577784
Keywords: Real Estate, household, housing stock, housing units, construction, Regional, Urban, and Rural Analyses, Housing Demand, Housing Supply and Markets,
This paper estimates Canada's housing stock to gauge the supply-side component of the recent exuberance in the Canadian housing sector. The paper adds to the current related literature by focusing on housing units...
Boom-Bust Cycles in Housing »
Source: Boom-Bust Cycles in Housing : The Changing Role of Financial Structure
Volume/Issue: 2005/200
Series: IMF Working Papers
Author(s): Calvin Schnure
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2005
ISBN: 9781451862195
Keywords: Mortgage markets, securitization, mortgage, mortgage market, housing finance, mortgage finance, Housing Supply and Markets,
Why are housing markets so prone to boom-bust cycles? The mortgage market structure prior to the Savings and Loan crisis contributed to the volatility in real housing activity which, in turn, amplified the volatili...
Stabilizing the System of Mortgage Finance in the United States »
Source: Stabilizing the System of Mortgage Finance in the United States
Volume/Issue: 2017/186
Series: IMF Working Papers
Author(s): Richard Koss
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 August 2017
ISBN: 9781484312544
Keywords: Housing, Western Hemisphere, United States, Capital Markets, Housing Demand, Housing Supply and Markets, Government Policy and Regulation
It has been over a decade since the peak of house prices in the US was attained, and while there has been a concerted regulatory response to the subsequent collapse, the two Government Sponsored Enterprises (GSEs)...
Is the Canadian Housing Market Overvalued? A Post-crisis Assessment1 »
Source: Is the Canadian Housing Market Overvalued? A Post-crisis Assessment
Volume/Issue: 2009/235
Series: IMF Working Papers
Author(s): Evridiki Tsounta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2009
ISBN: 9781451873825
Keywords: House prices, overvaluation, mortgage, mortgages, mortgage credit, mortgage debt, Urban, Rural, and Regional Economics: Housing Demand, Housing Supply and Markets,
Canadian house prices have increased significantly between 2003 and early 2008, with a marked downward trend since mid-2008, especially in the resource-rich western provinces. This paper estimates the evolution of...
Fundamental Drivers of House Prices in Advanced Economies »
Source: Fundamental Drivers of House Prices in Advanced Economies
Volume/Issue: 2018/164
Series: IMF Working Papers
Author(s): Nan Geng
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 July 2018
ISBN: 9781484367629
Keywords: Housing markets, House prices, Valuation gaps, OECD countries, Models with Panel Data, Model Construction and Estimation, Housing Supply and Markets, Housing Demand
House prices in many advanced economies have risen substantially in recent decades. But experience indicates that housing prices can diverge from their long-run equilibrium or sustainable levels, potentially follow...
The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth »
Source: The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth : A Survey of Selected Mena Countries
Volume/Issue: 2002/17
Series: IMF Working Papers
Author(s): Frank Nothaft , and S. Erbas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2002
ISBN: 9781451843545
Keywords: housing supply, mortgage finance availability, growth, mortgage, mortgage markets, housing construction, home mortgage, housing finance, Housing Supply and Markets, Finance in Urban and Rural Economies
This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. Th...
Housing Finance and Real Estate Markets in Colombia »
Source: Housing Finance and Real Estate Markets in Colombia
Volume/Issue: 2017/190
Series: IMF Working Papers
Author(s): Francisco Roch
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 August 2017
ISBN: 9781484315118
Keywords: Colombia, Financial stability, Western Hemisphere, House price, price misalignment, mortgage markets, Financial Markets and the Macroeconomy, Housing Demand, Housing Supply and Markets
Colombian house prices have increased significantly between 2005 and 2016. This paper estimates the extent of misalignments in house prices relative to fundamentals and evaluates the overall risk to the economy fro...
Why House Price Indexes Differ »
Source: Why House Price Indexes Differ : Measurement and Analysis
Volume/Issue: 2012/125
Series: IMF Working Papers
Author(s): Mick Silver
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2012
ISBN: 9781475503548
Keywords: Housing inflation, Global house price inflation, inflation, price inflation, statistics, dummy variables, statistic, Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
A key element in the build-up to the global recession and subsequently was the movement in house price indexes (HPIs). These indexes are particularly prone to methodological and coverage differences which can under...
Global House Price Fluctuations »
Source: Global House Price Fluctuations : Synchronization and Determinants
Volume/Issue: 2013/38
Series: IMF Working Papers
Author(s): Hideaki Hirata , Ayhan Kose , Christopher Otrok , and Marco Terrones
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 February 2013
ISBN: 9781475523621
Keywords: globalization, globalization period, inflation, long-term interest rates, Monetary Policy (Targets, Instruments, and Effects), Housing Supply and Markets,
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, w...
Determinants of Property Prices in Hong Kong SAR »
Source: Determinants of Property Prices in Hong Kong SAR : Implications for Policy
Volume/Issue: 2011/277
Series: IMF Working Papers
Author(s): R. Craig , and Changchun Hua
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2011
ISBN: 9781463925949
Keywords: Property price, Co-Integration, Stamp Duty, Loan-to-Value Ratio, residential property, equation, standard errors, cointegration, Urban, Rural
This paper uses an econometric model of residential property prices in Hong Kong SAR to assess the effectiveness of alternative policies in slowing the increase in property prices. The rapid rise in property prices...