Please use this identifier to cite or link to this item:
|Title:||Upward mobility, house price volatility, and housing equity||Authors:||Lee, N.J.
|Issue Date:||2005||Citation:||Lee, N.J., Ong, S.E. (2005). Upward mobility, house price volatility, and housing equity. Journal of Housing Economics 14 (2) : 127-146. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jhe.2005.06.004||Abstract:||Traditional property price models fail to explain the large price swings observed in housing markets. Recent literature suggests that such phenomena are caused by changes in housing demand of credit/equity constrained households. We attempt to empirically test the equity constraint hypotheses by examining the households' characteristics and their ability to upgrade, using the Singapore residential market as a case study. Our empirical results support the equity constraint hypotheses; younger and credit constrained households are more likely to move when their ability to afford better housing is enhanced. © 2005 Elsevier Inc. All rights reserved.||Source Title:||Journal of Housing Economics||URI:||http://scholarbank.nus.edu.sg/handle/10635/46277||ISSN:||10511377||DOI:||10.1016/j.jhe.2005.06.004|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Mar 27, 2020
WEB OF SCIENCETM
checked on Mar 19, 2020
checked on Mar 31, 2020
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.