<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Real estate market can be thought of as an open, dynamic system. It means that it is able to exchange stimuli with other open systems, and that its state evolves in a way that might be described mathematically. It turns out that two main processes contribute to the overall evolution of the real estate market: long-term, predictable evolution, interrupted by sharp changes of catastrophic origin. In this picture, national housing funds play an important role in supporting the housing finance: on one hand they could either stimulate or suppress the real estate market influencing the availability of the mortgage credit, but on the other hand, they could also help to stabilize prices. In this study, an attempt was made to determine the degree of relationship between the volume of mortgage financing from national housing funds and the dynamics of real estate prices.</p></abstract>

Real estate market can be thought of as an open, dynamic system. It means that it is able to exchange stimuli with other open systems, and that its state evolves in a way that might be described mathematically. It turns out that two main processes contribute to the overall evolution of the real estate market: long-term, predictable evolution, interrupted by sharp changes of catastrophic origin. In this picture, national housing funds play an important role in supporting the housing finance: on one hand they could either stimulate or suppress the real estate market influencing the availability of the mortgage credit, but on the other hand, they could also help to stabilize prices. In this study, an attempt was made to determine the degree of relationship between the volume of mortgage financing from national housing funds and the dynamics of real estate prices.

The Influence Of Financing On The Dynamics Of Housing Prices

University of Warmia and Mazury in Olsztyn, Department of Land Management and Regional Development, Prawocheńskiego 15, 10-720 Olsztyn, Poland

University of Warmia and Mazury in Olsztyn, Faculty of Mathematics and Computer Science, Słoneczna 54, 10710 Olsztyn, Poland

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The Influence Of Financing On The Dynamics Of Housing Prices"}

Real estate market can be thought of as an open, dynamic system. It means that it is able to exchange stimuli with other open systems, and that its state...

The Influence Of Financing On The Dynamics Of Housing Prices

Published Online: Jun 03, 2015

Page range: 101 - 113

Received: Jul 01, 2014

Accepted: Nov 06, 2014

DOI: https://doi.org/10.1515/foli-2015-0011

Keywords
housing market, market financing, system dynamics

© University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Influence Of Financing On The Dynamics Of Housing Prices

Published Online: Jun 03, 2015

Page range: 101 - 113

Received: Jul 01, 2014

Accepted: Nov 06, 2014

DOI: https://doi.org/10.1515/foli-2015-0011

Keywordshousing market, market financing, system dynamics

© University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
housing market, market financing, system dynamics