VOLATILE HOUSING PRICES, RESIDENTIAL INVESTMENTS AND THE BUSINESS CYCLES

Autor: Siwapong Uruyos, Ahmad Chaman, Nye Wusin, Mario Phichinni
Jazyk: angličtina
Rok vydání: 2018
Předmět:
Zdroj: Journal of Smart Economic Growth, Vol 3, Iss 1, Pp 13-24 (2018)
Druh dokumentu: article
ISSN: 2537-141X
Popis: The housing markets have played an important role in driving macroeconomic fluctuations, especially during the recent financial crisis. Residential investment is a form of real estate investment that constitutes one of the world most valuable assets due to its durability. Housing investment is an important component of household wealth. There are a lot of factors that affect the demand and supply of housing investment. We investigate the correlation between housing dynamics and the business cycle for a variety of countries. Our empirical results exhibit the two daunting facts of the housing market, especially in the United States.
Databáze: Directory of Open Access Journals