Domino Effects Within a Housing Market: The Transmission of House Price Changes Across Quality Tiers

Abstract

Housing, Homeownership, Ripple effect, Downpayment, Price dynamics, Equity effects, Public housing, Privatization, Domino effect, E32, H30, R21, R31,

Counter-urbanisation, planning and house prices: an analysis of the Aberdeen Housing Market Area, 1984-2010

“…This sub-HMA focus contrasts with that of many previous studies which have tended to concentrate on migration and house price changes either across large geographical areas (Meen, 1999;McDonald and Taylor; or within a particular city area (Jones et al, 2005;Ho et al, 2008).…”

“…Based on this concept, several studies explain house price dynamics in terms of the interrelationships between housing submarkets. Following Ho et al (2008), it is useful to distinguish between those studies which focus on price movements across space (ripple effects) and those which concentrate on price movements across qualitydefined submarkets. This paper concentrates on the former on the basis that counterurbanisation is essentially a process involving movements of households across space.…”

Convergence Among the Submarkets in Australian Regional Building and Construction Sector

“…In this study, Hong Kong's housing market is not viewed as an entity but several sub-markets defined as Class A (under 40 square meters), Class B (40-60 square meters), Class C (70-99.9 square meters) and Class D (100 square meters and above). The results based on the Granger causality test strongly indicate that a 'ripple effect' exists in the sub-markets in Hong Kong housing market (Ho et al, 2008).…”

“…However, the work commenced by Ho et al (2008) estimates the price convergence of different types of housing markets in Hong Kong. In this study, Hong Kong's housing market is not viewed as an entity but several sub-markets defined as Class A (under 40 square meters), Class B (40-60 square meters), Class C (70-99.9 square meters) and Class D (100 square meters and above).…”

Regional Relationships in New Housing Prices in Colombia

“…En general, los trabajos sobre convergencia han estado guiados por el uso de metodologías para el análisis de series de tiempo (ver Alexander & Barrow, 1994;Berg, 2002;Chien, 2008;Cook, 2005;Ho et al, 2007;Meen, 1999), y en los últimos años por aquellas desarrolladas para estructuras de panel (Zhang & Morley, 2014;Zhang & Liu, 2009). Estas últimas han adquirido relevancia debido a la creciente disponibilidad de datos temporales para diferentes niveles geográficos.…”