Why Has House Price Dispersion Gone Up

By Stijn Van Nieuwerburgh, Pierre-Olivier Weill. 2010

305 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a13daa50dab183394998692d513e52f7fd6e6d8a

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In Economics and Econometrics

Citations in the corpus

Why Has Regional Income Convergence in the U.S. Declined (2017, unknown): “Prior research shows that income differences across states have been increasingly capitalized into housing prices in the last ﬁfty years ( Van Nieuwerburgh and Weill, 2010; Glaeser et al., 2005b; Gyourko et al., 2013 ).”
Housing dynamics: An urban approach (2014, background): “…that prices will deviate around this value because of temporary over- or under-building, we simplify and assume that the price of a house always equals C. 2 Van Nieuwerburgh and Weill (2010) present a similar model in their exploration of long run changes in the distribution of income. lim j!”
Housing Bubbles: A Survey (2011, unknown): “Van Nieuwerburg & Weill (2007) develop a general equilibrium model with similar predictions, showing that an increase in the cross-sectional dispersion of wages combined with limited land supply in productive cities can generate strong flows of workers desiring to move to these productive cities…”
Identifying the determinants of housing prices in China using spatial regression and the geographical detector technique (2017, methodology): “The presence of several significant determinants in relation to housing price necessitated the use of the geographical detector technique, a method proposed by Wang et al. (2010) which has been widely used in analyzing the effects of underlying factors on local disease risk.”
Housing, Finance and the Macroeconomy (2014, unknown): “37Van Nieuwerburgh and Weill (2010) and Davis, Fisher, and Veracierto (2013) study spatial equilibrium models where agents optimally choose where to live and are mobile each period.”
Household Expenditures, Wages, Rents (2011, background): “Morris A. Davis University of Wisconsin-Madison Department of Real Estate and Urban Land Economics 5261 Grainger Hall 975 University Avenue Madison, WI 53706 USA mdavis@bus.wisc.edu François Ortalo-Magné University of Wisconsin-Madison Department of Real Estate and Urban Land Economics 5261 Grainger”
HOUSE PRICES, SALES, AND TIME ON THE MARKET: A SEARCH-THEORETIC FRAMEWORK (2013, unknown): “They are costly to buy and sell, can be partially financed, and are not movable.2 Incorporating frictions along these lines into the Walrasian set-up helps to match the observed price volatility (e.g. see Nakajima 2005, VanNieuwerburgh and Weill 2006, Sanchez-Marcos and Ŕıos-Rull 2007).”