Open Access

Housing Price, Mortgage Interest Rate and Immigration

   | Aug 17, 2020

Cite

Balampanidis, D. (2020). Housing pathways of immigrants in the city of Athens: From homelessness to homeownership. Considering contextual factors and human agency. Housing. Theory and Society, 37(2), 230–250. https://doi.org/10.1080/14036096.2019.160001610.1080/14036096.2019.1600016Search in Google Scholar

Barker, A. (2019). Improving well-being through better housing policy in New Zealand. OECD Economics Department working no. 1565.Search in Google Scholar

Barbu, T. C., Vuta, M., Strachinaru, A. I., & Cioaca, S. I. (2017). An assessment of the immigration impact on the international housing price. Amfiteatru Economic, 19(46), 682–689.Search in Google Scholar

Belej, M., & Cellmer, R. (2014). The effect of macroeconomic factors on changes in real estate prices – response and interaction. Oeconomia, 13(2), 5–16.Search in Google Scholar

Bergman, U., Sillemann, B. T., & Sorensen, P. B. (2015). House prices in Denmark and Sweden. In T. M. Anderson, M. Bergman, & S. E. H. Jensen (Eds.), Reform capacity and macroeconomic performance in the Nordic Countries. Oxford University Press. https://doi.org/10.1093/acprof:oso/9780198717102.003.001210.1093/acprof:oso/9780198717102.003.0012Search in Google Scholar

Borio, C., & Lowe, P. (2002). Asset prices, financial and monetary stability: exploring the nexus. Bank for International Settlements, Basel BIS Working Paper No. 40.10.2139/ssrn.846305Search in Google Scholar

Braithwaite, F. D., & Kemp, S. (2007). Safe as houses: Investor confidence in New Zealand. New Zealand Economic Papers, 41(2), 225–236. https://doi.org/10.1080/0077995070955851010.1080/00779950709558510Search in Google Scholar

Brissimis, S. N., & Vlassopoulos, T. (2009). The interaction between mortgage financing and housing prices in Greece. The Journal of Real Estate Finance and Economics, 39, 146–164. https://doi.org/10.1007/s11146-008-9109-310.1007/s11146-008-9109-3Search in Google Scholar

Carter, T. S., & Osborne, J. (2009). Housing and neighbourhood challenges of refugee resettlement in declining inner-city neighbourhoods: A Winnipeg case study. Journal of Immigrant & Refugee Studies, 7, 308–327. https://doi.org/10.1080/1556294090315009710.1080/15562940903150097Search in Google Scholar

Chong, F. (2018). Does REIT offer a better risk and return contour to the New Zealand residential property investors? Studies in Business and Economic Journal, 13(2), 61–68. https://doi.org/10.2478/sbe-2018-002010.2478/sbe-2018-0020Search in Google Scholar

Coleman, A., & Landon-Lane, J. (2007). Housing markets and migration in New Zealand – 1962-2006. Reserve Bank of New Zealand Discussion Paper Series DP2007/12.Search in Google Scholar

Cheung, C. (2011). Policies to balance housing markets in New Zealand. OECD Economics Department Working Paper No. 878.Search in Google Scholar

Chaston, D. (2019). Median multiples. http://www.interest.co.nz/property/house-price-income-multiplesSearch in Google Scholar

de-Bruin, A., & Flint-Hartle, S. (2003). A bounded rationality framework for property investment behaviour. Journal of Property Investment & Finance, 21(3), 271–284. https://doi.org/10.1108/1463578031048168510.1108/14635780310481685Search in Google Scholar

Demographia. (2017). 13th Annual International Housing Affordability Survey: 2017 Edition, Retrieved from: http://www.demographia.com/dhi12-media.pdfSearch in Google Scholar

Dickey, D., & Fuller, W. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74, 427–431.Search in Google Scholar

Dickey, D., & Fuller, W. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49(4), 1057–1072. https://doi.org/10.2307/191251710.2307/1912517Search in Google Scholar

Engle, R., & Granger, C. (1987). Co-integration and error correction: Representation, estimation and testing. Econometrica, 55(2), 251–276. https://doi.org/10.2307/191323610.2307/1913236Search in Google Scholar

Filippova, O. (2014). Do objections to capital value influence house prices? Pacific Rim Property Research Journal, 20(2), 119–128. https://doi.org/10.1080/14445921.2014.1110439010.1080/14445921.2014.11104390Search in Google Scholar

Fraser, P., & McAlevey, L. (2015). New Zealand regional housing price and macroeconomic shocks. Journal of Property Research, 32(4), 279–300. https://doi.org/10.1080/09599916.2015.108360610.1080/09599916.2015.1083606Search in Google Scholar

Furlanetto, F., & Robstad, Ø. (2016). Immigration and the macroeconomy: Some new empirical evidence. Norges Bank Working Paper 18/2016.10.2139/ssrn.2901424Search in Google Scholar

Johansen, S., & Juselius, K. (1990). Maximum likelihood estimation and inference on cointegration with applications to demand for money. Oxford Bulletin of Economics and Statistics, 52, 169–210. https://doi.org/10.1111/j.1468-0084.1990.mp52002003.x10.1111/j.1468-0084.1990.mp52002003.xSearch in Google Scholar

Karpestam, P., & Johansson, S. (2019). Interest-only-mortgages and housing market fluctuations in Denmark. Journal of Housing Economics, 46, 1–24. https://doi.org/10.1016/j.jhe.2019.03.00410.1016/j.jhe.2019.03.004Search in Google Scholar

Kucharska-Stasiak, E., Zrobek, S., & Cellmer, R. (2018). Forms and effectiveness of the client’s influence on the market value of property – case study. Real Estate Management and Valuation, 26(3), 82–92. https://doi.org/10.2478/remav-2018-002710.2478/remav-2018-0027Search in Google Scholar

Larkin, M. P., Askarov, Z., Doucouliagos, H., Dubelaar, C., Klona, M., Newton, J., Stanley, T. D., & Vocino, A. (2019). Do house prices ride the wave of immigration? Journal of Housing Economics, 46, 1–8. https://doi.org/10.1016/j.jhe.2019.04.00210.1016/j.jhe.2019.04.002Search in Google Scholar

Lux, M., Sunega, P., & Jakubek, J. (2020). Impact of weak substitution between owing and renting a dwelling on housing market. Journal of Housing and the Built Environment, 35, 1–25. https://doi.org/10.1007/s10901-019-09661-310.1007/s10901-019-09661-3Search in Google Scholar

Nistor, A., & Reianu, D. (2018). Determinants of housing prices: Evidence from Ontario cities, 2001-2011. International Journal of Housing Markets and Analysis, 11(3), 541–556. https://doi.org/10.1108/IJHMA-08-2017-007810.1108/IJHMA-08-2017-0078Search in Google Scholar

OECD. (2019). Economic outlook, analysis and forecasts: Focus on house prices. Retrieved from: http://www.oecd.org/eco/outlook/focusonhouseprices.htmSearch in Google Scholar

Reserve Bank of New Zealand. (2014, April 24). RBNZ raises OCR to 3.5 percent. Retrieved from: http://www.rbnz.govt.nz/news/2014/04/reserve-bank-raises-ocr-to-3-percentSearch in Google Scholar

Saunders, T., & Tulip, P. (2019). A model of the Australia housing market. Research Discussion Paper RDP 2019-01.Search in Google Scholar

Sharma, R. A., & Murphy, L. (2015). The housing experiences of Fijian migrants in Auckland. International Journal of Housing Markets and Analysis, 8(3), 396–411. https://doi.org/10.1108/IJHMA-11-2014-004610.1108/IJHMA-11-2014-0046Search in Google Scholar

Shi, S., Young, M., & Hargreaves, B. (2010). House price-volume dynamics: Evidence from 12 cities in New Zealand. Journal of Real Estate Research, 32(1), 75–98.10.1080/10835547.2010.12091266Search in Google Scholar

Smith, S., & Searle, B. (2010). The Bakewell Companion to the Economics of Housing: The Housing Wealth of Nations. Wiley-Blackwell.Search in Google Scholar

Stillman, S., & Mare, D. C. (2008). Housing markets and migration: Evidence from New Zealand. Motu Economic and Public Policy Research. Working paper 08/06, 1-45.10.29310/wp.2008.06Search in Google Scholar

Taylor, S. J. (2014). Buying real estate as an immigrant to the US. US News. https://www.money.usnews.com/money/personal-finance/articles/2014/11/04/buying-realestate-as-an-immigrant-to-the-usSearch in Google Scholar

The Economist. (2017). Global house prices. Retrieved from: https://www.economist.com/graphicdetail/2017/03/09/global-house-priceSearch in Google Scholar

Tomal, M. (2019). The impact of macro factors on apartment prices in Polish counties: A two-stage quantile spatial regression approach. Real Estate Management and Valuation, 27(4), 1–14. https://doi.org/10.2478/remav-2019-003110.2478/remav-2019-0031Search in Google Scholar

Tversky, A., & Kahneman, D. (1974). Judgment under Uncertainty: Heuristics and Biases. Science, 185(4157), 1124–1131. https://doi.org/10.1126/science.185.4157.1124 PMID:1783545710.1126/science.185.4157.1124Search in Google Scholar

Waldron, R., & Redmond, D. (2017). “We’re just existing, not living!” Mortgage stress and the concealed costs of coping with crisis. Housing Studies, 32(5), 584–612. https://doi.org/10.1080/02673037.2016.122432310.1080/02673037.2016.1224323Search in Google Scholar

Wang, X., & Maani, S. (2014). Ethnic capital and self-employment: A spatially autoregressive network approach. IZA Journal of Migration, 3(1), 1–24. https://doi.org/10.1186/s40176-014-0018-310.1186/s40176-014-0018-3Search in Google Scholar

Xu, L., & Tang, B. (2014). On the determinants of UK house prices. International Journal of Economic Research, 5(2), 57–64.Search in Google Scholar

Yu, Z. (2006). A different path to homeownership: The case of Taiwanese immigrants in Los Angeles. Housing Studies, 21(4), 555–579. https://doi.org/10.1080/0267303060070908210.1080/02673030600709082Search in Google Scholar

eISSN:
2300-5289
Language:
English
Publication timeframe:
4 times per year
Journal Subjects:
Business and Economics, Political Economics, other