China’s real estate market develops fast. And the demand for housing mortgage is increasing at the same time. However, because of its long period and poor liquidity, the increasing personal housing mortgage will inevitably add more risks for commercial banks in their asset-debt management. It is a must to apply the housing mortgage-backed securitization. This paper discusses the development of ...

Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries We investigate the determinants of housing satisfaction in twelve EU countries. To do so, we use panel data covering the period 1994-2001, which allows us to control for individual heterogeneity. We carry out separate estimates on the determinants of housing satisfaction for homeowners and fo...

In this paper, aimed as a background for further research, the author examines the effect of urbanisation on housing for the low income earners in Kampala. The author discusses Kampala’s housing environment by looking at low-income earners’ access to housing in the city under conditions of rapid population rise, growing housing demand, rising land prices and growing poverty. Findings show that ...

This paper focuses on the application of modern econometric techniques to a model of the demand for private housing in Ireland. The paper will firstly outline the theoretical econometric framework in order to explain the concept of cointegration within an economic model framework. The Johansen method for analyzing economic models is demonstrated and it is shown how the method can be applied to ...

This paper explores contractual features of housing Þnance and uses data from international housing markets to provide evidence supporting the “Þnancial accelerator” (Bernanke et al. 1996, 1999). Among households whose housing demand is constrained by the availability of collateral, those who can borrow against a larger fraction of the housing value (achieve higher loan-to-value, or LTV ratio) ...

This thesis presents analyses of households’ decisions regarding housing and pension wealth accumulation, in forward-looking models. The first of three chapters on housing presents a model of housing demand over the life cycle, and examines its sensitivity to prices and borrowing constraints. Demand responses can be unusual: when the price of housing goes up, the demand for starter homes may in...

U.S. metropolitan neighborhoods have become increasingly segregated by income over the past thirty years. The metropolitan areas with the largest rises in income segregation include a number of distressed cities in industrial decline, as well as a subset of rapidly growing metropolitan areas. I propose a simple model based on the notion that rising income inequality creates market pressure (or ...

Much prior literature on asset patterns among the elderly has mostly overlooked housing wealth as a determinant of retiree wealth, particularly in the Japanese context. Yet releasing equity in housing may be a natural mechanism to boost consumption, reduce public pension liability, and mitigate the demand for long-term care facilities in Japan. Our study evaluates what might be needed to implem...