House Price, House Quality and Economic Growth

The literature on housing markets suggest that periods of economic growth are characterised by a demand for better housing quality and increasing prices. The basic principles of the theory are that the short-run price fluctuations occur due to market imperfection, while over the long term, causality with such fundamentals as income will recover....

The Changing Effect of Home Ownership on Residential Mobility in the Netherlands, 1980-98

In most western countries, homeowners are much less likely to change residence than renters are. In the last few decades, the rise in home ownership in the Netherlands has been spectacular. This would imply that the population has become less mobile, which has consequences for the functioning of the housing market – at least, if the relationship...