Abstract
Housing research is one of the hot topics in many countries. This paper provides a quick review of the housing economics research in the US, Sweden, Latvia, China, Corsica, and Italy published in this special issue. Bao and Shah studied the effects of home-sharing platforms in general and the effects of the US’ Airbnb on neighbourhood rent. Wilhelmsson’s results showed that interest rates directly affected house prices and indirectly affected bank loans in Sweden. Caudill and Mixon threw light on the relative negotiating power of the buyer and seller as a key element of real estate price models. Čirjevskis presented a real application of “step-by-step” valuation options for real estate development projects as a managerial risk management tool for similar real estate development projects in the EU to make investment decisions during COVID-19 and in the post-COVID-19 era. Pelizza and Schenk-Hoppé used an exponential Ornstein–Uhlenbeck process to model price dynamics provincially and regionally to estimate the liquidation value.
Highlights
Previous research has shed light on housing estates (Li et al 2021), landfill externalities (Li and Li 2018), and exchange rates (Li and Chau 2016). These estate economics and finance issues were mainly determined based on housing economics and finance research in the US, Sweden, Latvia, China, Corsica, and Italy
Wilhelmsson (2020)’s research attempted to answer the question of what role the housing market plays in the transmission mechanism and does the impact remain consistent over time? The research question considered the importance of the housing market for the transportation system by using an eight-variable structural vector autoregression model of the Swedish economy from 1993 to 2018, covering the internet bubble and the financial crises in 2000 and 2008 respectively
The results showed that interest rates directly affected house prices and indirectly affected bank loans
Summary
Publisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations. Studying the factors that affect housing prices has been a significant focus for many years. Previous research has shed light on housing estates (Li et al 2021), landfill externalities (Li and Li 2018), and exchange rates (Li and Chau 2016).
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