Is housing unaffordable? Why isn't it more affordable?

Article Abstract:

Housing is the single largest expenditure in the budget of most people and even a small percentage change in housing prices and rents have large impacts on nonhousing consumption. A study of various issues leading to housing affordability with respect to homeowners and renters in different income groups are discussed and policies and institutional arrangements to improve the affordability of housing for households are suggested.

Homeowners, Analysis, Personal budgets

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Assessing high house prices: bubbles, fundamentals and misperceptions

Article Abstract:

A method based on economic theory for appraising the state of house prices, including bubbles and parameters contributing to housing demand, is advanced and discussed. Four erroneous beliefs pertaining to the costliness of the housing market are rectified.

Construction, Market information - general, Engineering Services, Engineering & Architectural Svcs, HEAVY CONSTRUCTION, EX. BUILDING, GENERAL BUILDING CONTRACTORS, Administration of Housing Programs, Urban Planning, and Development, Housing & Community Development, Construction industry, Supply and demand, Housing development

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Housing, credit constraints, and macro stability: the secondary mortgage market and reduced cyclicality of residential investment

Article Abstract:

Effects of secondary mortgage markets on residential investment volatility and economic development are presented.

Management dynamics, Management, Company investment, Investments, Company business management, Secondary mortgage market, Volatility (Finance)

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