Download or read book Flattening the Curve and the Flight of the Rich Pandemic Induced Shifts in US and European Housing Markets written by Nina Biljanovska and published by International Monetary Fund. This book was released on 2023-12-22 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pattern of increasing suburban house prices relative to urban centers initiated during the pandemic continues to hold across the top 30 US metropolitan statistical areas (MSAs). In contrast, European countries such as Denmark, France, and the United Kingdom did not experience a similar shift in valuations. We posit and find supporting evidence that these divergent patterns partially due to differences in the characteristics of suburban areas, particularly in terms of household income and property sizes; with European suburbs being relatively poorer and characterized by smaller housing units. We show that, in the US, MSAs with suburban features more akin to those in European cities generally experienced little to no increase in suburban housing prices compared to their urban centers. Finally, our findings indicate that migration patterns of the high-income population might have partially influenced the urban-suburban revaluation in the US.
Download or read book World Economic Outlook April 2024 written by International Monetary and published by International Monetary Fund. This book was released on 2024-04-16 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest World Economic Outlook reports economic activity was surprisingly resilient through the global disinflation of 2022–23, despite significant central bank interest rate hikes to restore price stability. Risks to the global outlook are now broadly balanced compared with last year. Monetary policy should ensure that inflation touches down smoothly, while a renewed focus on fiscal consolidation is needed to rebuild room for budgetary maneuver and to ensure debt sustainability. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.
Download or read book Flattening the Curve written by Arpit Gupta and published by . This book was released on 2021 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: We show that the COVID-19 pandemic brought house price and rent declines in city centers, and price and rent increases away from the center, thereby flattening the bid-rent curve in most U.S. metropolitan areas. Across MSAs, the flattening of the bid-rent curve is larger when working from home is more prevalent, housing markets are more regulated, and supply is less elastic. Housing markets predict an urban revival with urban rent growth exceeding suburban rent growth for the foreseeable future, as working from home recedes.
Download or read book The Future of Housing Markets written by Leland S. Burns and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book's title betrays at once that it belongs in the forecast literature. Peering into the future is a notoriously treacherous venture. Nevertheless, it has become a prac tice endemic to the business and government worlds as well as to academia, especially economics. We like to be lieve that the enormous growth of forecasting in the face of some disappointments reflects real needs of decision makers (as well as the general public's well-warranted curiosity about the future). Fashion alone could hardly explain the sustained increase in the market for forecast services during the past few decades. Some professionals insist on fine distinctions be tween the forecast, the projection, the prediction-and the prophecy. The differences are more semantic than real, as the mandatory resort to Webster confirms. The entry "forecast" includes references to prediction and prophecy without differentiation, while "projection" is defined, among other things, as prediction or "advance estimate." We use mainly the term projections because v PREFACE vi much of our statistical research is based on forward es timates of population and households by the U.S. Bu reau of the Census which the bureau itself, the greatest fountain of data in the world, records as projections.
Download or read book Fixing the Housing Market written by Franklin Allen and published by Pearson Prentice Hall. This book was released on 2012 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the financial history leading to the mortgage meltdown and assesses today's housing finance systems in the United States and abroad.
Download or read book Bubbles in Real Estate written by Daniel Gros and published by CEPS. This book was released on 2006 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Housing Markets written by Ashok Bardhan and published by John Wiley & Sons. This book was released on 2011-10-27 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.
Download or read book Housing Markets and the Global Financial Crisis written by Ray Forrest and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impacts of the so-called global crisis are, in fact, highly uneven for both households and institutions. This unique book investigates why this is the case, whilst emphasizing the consequences. It encompasses the experiences of all the major economies, including: Australia, China, Hong Kong, Hungary, Iceland, Ireland, Japan, New Zealand, the Netherlands, South Korea, the USA, the UK and Vietnam, highlighting and comparing a wide range of housing systems and crisis impacts. Housing Markets and the Global Financial Crisis will strongly appeal to academics and postgraduate students in social policy, urban studies, public policy, economics, sociology and human geography. In addition, anyone with a general interest in globalization, neoliberalism and the changing nature of contemporary capitalist societies, as well as those with particular interests in housing markets and housing policy, will find this book enriching and enlightening.
Download or read book Housing Market Challenges in Europe and the United States written by Philip Arestis and published by Palgrave Macmillan. This book was released on 2009-12-15 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing finance structures and Institutional and regulatory/fiscal aspects in housing have changed significantly in recent years. This book examines the development in housing markets in Europe and the US, and looks at ways to make housing more affordable and housing market developments more stable.
Download or read book Wealth Flight written by Monica D Shepherd and published by . This book was released on 2024-02-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the research in Wealth Flight is to provide insight into the social association and economic variables that relate to the disparity affecting low-income communities. These communities rarely begin as a low-income environment, but when they are described as such, they are often considered small communities. This book focuses on working-class communities that at one time were thriving towns, but due to socioeconomic change, are presently considered low-income or disadvantaged. The intent is to bring attention to the factors that have created this shift, and how these change points can be remedied to help these towns, cities, and their educational systems. Author Dr. Monica D. Shepherd does not simply focus on the problem and in turn report on poverty, but rather advocates for proposed changes that can benefit residents. The goal is to explain the concerns and suggest solutions. Although not all applications are feasible, a significant number of the findings are achievable. Dr. Shepherd explains how the housing market is a predictor for community change. "What inspired me most was that past literature on this topic addressed components solely associated with economic, psychological, or racial discrimination as a catalyst for a community downturn. Although these components are independently important, this book intentionally combined the changes that can serve as a reasonable intersecting variable for reasons why stewards of place would benefit low-income communities." (About the Author) An Illinois native, University Professor Monica D. Shepherd, Ph.D., is a mix methods research methodologist and historian. Dr. Shepherd specializes in urban history with a focus on economics, systems theory, public and educational policy. Dr. Shepherd's major research also includes data analysis, econometrics models, system dynamics, prediction synthesis, case studies, community demographics trends, and investigating pathologies.
Download or read book US Housing Market during COVID 19 Aggregate and Distributional Evidence written by Mr.Yunhui Zhao and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-09-25 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using zip code-level data and nonparametric estimation, I present eight stylized facts on the US housing market in the COVID-19 era. Some aggregate results are: (1) growth rate of median housing price during the four months (April-August 2020) since the Federal Reserve’s unprecedented monetary easing has accelerated faster than any four-month period in the lead-up to the 2007-09 global financial crisis; (2) the increase in housing demand in response to lower mortgage interest rates displays a structural break since March 2020 (housing demand has increased by much more than before). These results indicate either the existence of “fear of missing out” or COVID-induced fundamental changes in household behavior. In terms of distributional evidence, I find that the increase of housing demand seems more pronounced among the two ends of the income distribution, possibly reflecting relaxed liquidity constraints at the lower end and speculative demand at the higher end. I also find that the developments in housing price, demand, and supply since April 2020 are similar across urban, suburban, and rural areas. The paper highlights some potential unintended consequences of COVID-fighting policies and calls for further studies of the driving forces of the empirical findings.
Download or read book Housing Market Behavior in a Declining Area written by Leo Grebler and published by . This book was released on 1950 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Market Behavior in a Declining Area written by Leo Grebler and published by . This book was released on 1952 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Shortrun Response of Housing Markets to Demand Shifts written by Rand Corporation and published by . This book was released on 1976 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pandemic Exposures written by Fassin Didier and published by Hau. This book was released on 2021-11 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: An illuminating, indispensable analysis of a watershed moment and its possible aftermath. For people and governments around the world, the onset of the COVID-19 pandemic seemed to place the preservation of human life at odds with the pursuit of economic and social life. Yet this naive alternative belies the complexity of the entanglements the crisis has created and revealed not just between health and wealth but also around morality, knowledge, governance, culture, and everyday subsistence. Didier Fassin and Marion Fourcade have assembled an eminent team of scholars from across the social sciences to reflect on the myriad ways SARS-CoV-2 has entered, reshaped, or exacerbated existing trends and structures in every part of the globe. The contributors show how the disruptions caused by the pandemic have both hastened the rise of new social divisions and hardened old inequalities and dilemmas. An indispensable volume, Pandemic Exposures provides an illuminating analysis of this watershed moment and its possible aftermath.
Download or read book After Effects of the COVID 19 Pandemic Prospects for Medium Term Economic Damage written by Mr. Philip Barrett and published by International Monetary Fund. This book was released on 2021-07-30 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities—typically associated with worse scarring—have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies.
Download or read book Global Renewables Outlook Energy Transformation 2050 written by International Renewable Energy Agency IRENA and published by International Renewable Energy Agency (IRENA). This book was released on 2020-04-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outlook highlights climate-safe investment options until 2050, policies for transition and specific regional challenges. It also explores options to eventually cut emissions to zero.
