How do house prices respond to mortgage supply?
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DOI: 10.1093/jeg/lbaa012
Abstract: We examine the impact of household mortgages on house prices. Using biannual data on Italian cities for the years 2003-2015, we build an exogenous and fully data-driven indicator of mortgage supply stances and use it… read more here.
Keywords: house prices; house; prices respond; mortgage supply ... See more keywords