Forecasting House Prices through Credit Conditions: A Bayesian Approach

As housing development and housing market policies involve many long-term decisions, improving house price predictions could benefit the functioning of the housing market. Therefore, in this paper, we investigate how house price predictions can be improved. In particular, the merits of Bayesian estimation techniques in enhancing house price...

Mortgage credit and house prices: The housing market equilibrium revisited

Over the last decade, house prices have increased substantially in nearly all OECD countries. These house price increases frequently coincided with changes in mortgage credit conditions; i.e., decreases in the interest rate and increases in income. This is in line with existing literature, which finds an equilibrium relationship between...

De overheid kan en moet aan het werk voor een gezondere woningmarkt

Er wordt in de media vaak gesteld dat de woningmarkt ‘kapot’ is. Maar waar zitten dan precies de problemen, en welke structurele hervormingen kunnen deze verhelpen?