Source Themes

I examine how COVID 19 shock affected first-time homebuyers across markets with differing housing supply constraints. With an event study empirical design, I find that rents have increased more rapidly than the cost of homeownership for individuals …

This paper examines whether macroprudential policies (lower LTV ratio) influence future expectations in the housing market during Korea’s housing boom of the 2010s. From the unique Korean lease system known as Jeonse, I construct a more accurate …