What drives housing price dynamics: cross-country evidence

Kostas Tsatsaronis () and Haibin Zhu

BIS Quarterly Review, 2004

Abstract: House prices generally depend on inflation, the yield curve and bank credit, but national differences in the mortgage markets also matter. House prices are more sensitive to short-term rates where floating rate mortgages are more widely used and more aggressive lending practices are associated with stronger feedback from prices to bank credit.

JEL-codes: C32 G12 G21 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (207)

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