A dynamic model of housing markets and housing prices

Faculty of Design, Architecture and Building, UTS
Publication Type:
Conference Proceeding
Proceedings of the Australasian Universities Building Educators Association (AUBEA), 2006, pp. 1 - 18
Issue Date:
Full metadata record
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.
Please use this identifier to cite or link to this item: