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Housing View – September 22, 2017

On cross-country:

On the US:

  • The Economic Implications of Housing Supply – NBER
  • Access to Long-Term Care After a Wealth Shock: Evidence from the Housing Bubble and Burst – NBER
  • Foreign Buyers and Home-Price Growth – HousingViews
  • Is Homeownership Dead? – House Canary
  • Why Houston Housing Is Poised to Get More Expensive and Unequal – Citylab
  • California Today: A Political Push for Affordable Housing – New York Times
  • 2017 National Rental Housing Landscape – NYU Furman Center
  • Housing Finance, Affordability, and Supply in the Digital Age – Urban Institute

On other countries:

  • [Belize] Belize’s thriving luxury property market – Global Property Guide
  • [Canada] Vancouver: No Fixed Address – Documentary
  • [China] China central bank backs mortgage rate hikes in capital – Reuters
  • [China] China’s Campaign to Cool House Prices Could Ease as Curbs Bite – Bloomberg
  • [China] China’s Dangerous House Price Boom Is Spreading – Bloomberg
  • [China] Rural-Urban Migration, Structural Transformation, and Housing Markets in China – NBER
  • [China] One-third of China households see home prices rising in fourth-quarter: central bank survey – Reuters
  • [Denmark] The Financial Crisis and Diverging House Prices: Evidence from the Copenhagen Metropolitan Area – Tinbergen Institute
  • [Egypt] Egypt’s moneyed classes are buying houses like there’s no tomorrow! – Global Property Guide
  • [France] France’s housing market is gaining momentum, amidst improving economy – Global Property Guide
  • [Ireland] Ireland’s ‘bad bank’ set for new role as property developer – Financial Times
  • [Israel] Israel’s decade-long house price boom could be over, as government cooling measures intensify – Global Property Guide
  • [Laos] Laos is in the midst of a construction boom – Global Property Guide
  • [Oman] Low crude oil prices hurting Oman’s property market – Global Property Guide
  • [Taiwan] Taiwan’s housing market is gaining momentum – Global Property Guide
  • [United Kingdom] Political uncertainty dampens the UK’s property market – Global Property Guide

 

aliis-sinisalu-70432

Photo by Aliis Sinisalu

 

On cross-country:

On the US:

  • The Economic Implications of Housing Supply – NBER
  • Access to Long-Term Care After a Wealth Shock: Evidence from the Housing Bubble and Burst – NBER
  • Foreign Buyers and Home-Price Growth – HousingViews
  • Is Homeownership Dead?

Read the full article…

Posted by at 5:00 AM

Labels: Housing

Corruption in Latin America: Taking Stock

A new IMF blog by David LiptonAlejandro Werner, and Carlos Gonçalves says that “Corruption continues to make headlines in Latin America. From a scheme to shelter assets leaked by documents in Panama, to the Petrobras and Odebrecht scandals that have spread beyond Brazil, to eight former Mexican state governors facing charges or being convicted, the region has seen its share of economic and political fallout from corruption. Latin Americans are showing increasing signs of discontent and demanding that their governments tackle corruption more aggressively.”

ENG_Sept_20_Werner1-1

Continue reading here.

A new IMF blog by David LiptonAlejandro Werner, and Carlos Gonçalves says that “Corruption continues to make headlines in Latin America. From a scheme to shelter assets leaked by documents in Panama, to the Petrobras and Odebrecht scandals that have spread beyond Brazil, to eight former Mexican state governors facing charges or being convicted, the region has seen its share of economic and political fallout from corruption.

Read the full article…

Posted by at 1:05 PM

Labels: Unemployment

Growth That Reaches Everyone: Facts, Factors, Tools

A new IMF blog says that “Over the past few decades, growth has raised living standards and provided job opportunities, lifting millions out of extreme poverty. But, we have also seen a flip side. Inequality has risen in several advanced economies and remains stubbornly high in many that are still developing. This worries policymakers everywhere for good reason. Research at the IMF and elsewhere makes it clear that persistent lack of inclusion—defined as broadly shared benefits and opportunities for economic growth—can fray social cohesion and undermine the sustainability of growth itself.”

IMF_Inclusive-growth_chart2-1

Continue reading here.

A new IMF blog says that “Over the past few decades, growth has raised living standards and provided job opportunities, lifting millions out of extreme poverty. But, we have also seen a flip side. Inequality has risen in several advanced economies and remains stubbornly high in many that are still developing. This worries policymakers everywhere for good reason. Research at the IMF and elsewhere makes it clear that persistent lack of inclusion—defined as broadly shared benefits and opportunities for economic growth—can fray social cohesion and undermine the sustainability of growth itself.”

Read the full article…

Posted by at 10:03 AM

Labels: Unemployment

House Prices in Portugal

The IMF’s new report on Portugal says that: “After a prolonged slump, construction began to pick up in late 2016, boosted by the renovation of rental properties to meet tourist demand and nonresident purchases of residential real estate, including in Lisbon and Porto. House prices have increased by 15 percent in cumulative terms over the past two years through end-March, and now exceed the previous peak recorded prior to the crisis in 2010.  (…) New lending has instead been concentrated primarily in mortgages and consumer loans, helping to sustain the strong growth in private consumption and rise in housing prices.”

PRT

The IMF’s new report on Portugal says that: “After a prolonged slump, construction began to pick up in late 2016, boosted by the renovation of rental properties to meet tourist demand and nonresident purchases of residential real estate, including in Lisbon and Porto. House prices have increased by 15 percent in cumulative terms over the past two years through end-March, and now exceed the previous peak recorded prior to the crisis in 2010.  

Read the full article…

Posted by at 1:55 PM

Labels: Housing

The Youth in Portugal through the Crisis

A new IMF report says that “Inequality and poverty in Europe during the financial crisis has received widespread attention, but somewhat less discussed has been the social impact of the crisis across generations. In a context where Portugal’s convergence toward lower European poverty and inequality standards has stalled over the last five years, the youth (aged 15-24 years) were especially affected by the downturn and adverse labor market developments. Their income has not yet fully recovered to pre-crisis levels, and their risk of poverty is the highest of all age groups. The youth are disproportionally unemployed or in precarious forms of employment in the context of strong market duality. The social security system has better protected the elderly from the impact of the crisis, with the youth less well covered against unemployment and poverty risks. Going forward, policies should focus on further reducing labor market duality to improve job prospects for young adults, and rebalancing fiscal redistribution to combat poverty in young adults.”

capture

A new IMF report says that “Inequality and poverty in Europe during the financial crisis has received widespread attention, but somewhat less discussed has been the social impact of the crisis across generations. In a context where Portugal’s convergence toward lower European poverty and inequality standards has stalled over the last five years, the youth (aged 15-24 years) were especially affected by the downturn and adverse labor market developments. Their income has not yet fully recovered to pre-crisis levels,

Read the full article…

Posted by at 2:28 PM

Labels: Unemployment

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