Bubble Detective: City-Level Analysis of House Price Cycles

the analysis of effect of the monetary policy on house price bubble: a cross-country study

cycles fluctuations in housing investment and national economy, variation in consumers and producers behavior, deviation in allocation of economic resources, the aggravation of capital transfer in asset market, the variation of income distribution pattern and imbalance in resource and expenses are the consequences of fluctuations in housing prices. these consequences and its control and recogni...

Preference for Housing Services and House Price Bubble Occurrence Evidence from a Macro-Experiment

Large house price bubbles can be devastating for the real economy. Therefore, understanding the conditions under which large house price bubbles occur is fundamental. We shed new light on this issue in a laboratory setting. We find that endowing subjects with a lower preference for housing services creates larger experimental house price bubbles. This is in line with the theoretical model mecha...

Understanding House-Price Dynamics

*The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. or most homeowners, housing is the single most important component of their nonpension wealth. Therefore, a change in house prices greatly affects the total wealth of many households. Furthermore, movements in house prices can af...

House Price Index Methodologies

House Price Prediction Using LSTM

In this paper, we use the house price data ranging from January 2004 to October 2016 to predict the average house price of November and December in 2016 for each district in Beijing, Shanghai, Guangzhou and Shenzhen. We apply Autoregressive Integrated Moving Average model to generate the baseline while LSTM networks to build prediction model. These algorithms are compared in terms of Mean Squar...