How Housing Prices Affect Macroeconomic Fluctuations
Author | : Siwapong Uruyos |
Publisher | : |
Total Pages | : 11 |
Release | : 2017 |
ISBN-10 | : OCLC:1305140416 |
ISBN-13 | : |
Rating | : 4/5 (16 Downloads) |
Book excerpt: The housing markets have played an important role in macroeconomic fluctuations, especially during the recent financial crisis. Residential investment is a form of real estate investment that constitutes one of the world most valuable assets due to its durability. Housing investment is an important component of household wealth. There are a lot of factors that affect the demand and supply of housing investment. We investigate the correlation between housing dynamics and the business cycle for a variety of countries. Our empirical results exhibit the two daunting facts of the housing market, especially in the United States.