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- W2000792916 abstract "AbstractHousing markets reflect our housing consumption profile over the life cycle. As we age, marry and have kids, we seek larger dwellings and to a greater extent owner-occupied housing. The up-trading process has two key characteristics: first, it is equity induced. Second, it impacts both the supply and demand sides of housing markets. This is our point of departure. The paper combines a housing ladder with a house price index to show how up-trading amplifies shocks and introduces a multiplier into the housing market. The interplay between market segments results in up-trading induced price dispersion and a price response in the segments on top of the ladder that exceeds those of segments further down, even when shocks are equal across market segments. Finally, as up-trading impacts both housing supply and housing demand, even balanced shocks to net demand might impact house prices. Focusing on different market segments, shocks to demand might have both direct (the size effect) and indirect (the up-t..." @default.
- W2000792916 created "2016-06-24" @default.
- W2000792916 creator A5076420925 @default.
- W2000792916 date "2013-07-12" @default.
- W2000792916 modified "2023-09-26" @default.
- W2000792916 title "Housing Careers, House Price Dispersion and the Housing Market Multiplier" @default.
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- W2000792916 doi "https://doi.org/10.1080/14036096.2013.810170" @default.
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