A dynamic model of housing market and housing prices

X. J. Ge, G. Runeson

    Research output: Chapter in Book / Conference PaperConference Paperpeer-review

    Abstract

    ![CDATA[This study develops a dynamic model for analyzing residential housing market behavior both in the long and short-term perspective. In the long-term model, the dynamic effects of changes in aggregate housing demand and supply are described. In the short-term model, the impacts of demand and supply shocks on the housing prices, resulting in rapid changes in housing prices are illustrated. This model is consistent with traditional housing economic theory. The differences re that it can demonstrate three-dimensional movement and a discontinuous change in housing prices.]]
    Original languageEnglish
    Title of host publicationAUBEA 2006: Proceedings of the 31st Australasian University Building Educators Association Conference: 11-14 July 2006, University of Technology Sydney, Sydney, NSW
    PublisherUniversity of Technology, Sydney
    Number of pages18
    ISBN (Print)9780977532506
    Publication statusPublished - 2006
    EventAustralasian Universities Building Educators Association -
    Duration: 1 Jan 2006 → …

    Conference

    ConferenceAustralasian Universities Building Educators Association
    Period1/01/06 → …

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