Hedonic models are used to estimate implicit prices for water quality in housing markets. Recent studies aggregate sales across large spatial areas in scaled-up models leading to a concern that these models may overlook regional heterogeneity in water-quality preferences. We estimate scaled-up hedonic models comprised of multiple states and individual states and investigate how observations from subregions can differ. We find that the scaled-up model results are driven by select subregions. The results of this study call into question hedonic models using data for large geographic regions where substantial differences may arise across housing markets. / M.S. / Water quality in lakes impacts the prices people pay for lakefront properties. However, these effects can vary across different housing markets. We study whether owners of lakefront properties throughout the northeast and upper Midwest are willing to pay the same amount for water in lakes. We find that in multi-state housing markets, the effects from one state can dominate the overall results and there is likely heterogeneity in preferences across housing markets.

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This study was motivated by the desire to contribute to the understanding of the movement of house prices and the role of the so-called economic ‘fundamentals’ in the housing market, especially within an Australian context. The core objective of this thesis is to aid understanding of the economic and other mechanisms by which the Australian housing market operates. We do this by constructing an analytical framework, or model, that encompasses the most important characteristics of the housing market. This thesis examines two important aspects of the Australian housing market: movements of house prices and changes in the net capital stock of dwellings in Australia. Movements of house prices are modelled from two perspectives: firstly, using the ‘fundamental’ approach, which explains the phenomena by changes in such ‘fundamental’ explanatory variables as income, interest rates, population and prices of building materials, and secondly, by analysing spatial interdependence of house prices in Australian capital cities. Changes in stock of dwellings were also modelled on the basis of a ‘fundamental’ approach by states and for Australia as a whole...

The importance of a well-functioning housing market has been proposed for long within economics, economic geography and urban planning.  A high mobility on the housing market most likely positively affects the dynamics of the labor market, a dynamic important for economic growth. Mobility defined as the link between the worker and the workplace in terms of transportation and housing are most likely essential components of a dynamic and well-functioning labor market. The Oswald hypothesis states that positive relationship between homeownership and unemployment exists, the lower mobility in the homeownership housing stock compared to the rental housing stock affects labor market mobility in a negative way which can be noted if European countries are compared. My thesis explores this relationship in a Swedish context by mobilizing a quantitative approach with aggregate data on municipal level ranging from 1998 to 2013. The Swedish housing market is in a deregulation process since 1992, a conversion process from public rental housing to homeownership co-op apartments has taken place and public policies now favor homeownership over renting. Municipal data on unemployment, homeownership of apartment, rental tenant and control variables for economy and personal characteristics are applied in Pooled OLS, random effects and fixed effects regression models. The results from the Pooled OLS and the Random effects model confirms the positive relationship proposed by Oswald for homeownership of apartment but not for homeownership of detached housing. Also rental tenant show a positive relationship. The results from the fixed effect estimation rejects the hypothesis altogether and show a negative relationship.

Vårt syfte med denna uppsats har vart att undersöka om den sekundära bostadsmarknaden påverkar socialarbetarna i arbetet med hemlösa klienter som har eller haft missbruksproblematik. Då vi ansåg att det är socialarbetarnas upplevda verklighet som är av störst intresse valde vi att utföra kvalitativa intervjuer med fyra socialarbetare. Intervjuguiden formades med hjälp av Michael Lipskys bok Street-level Bureaucracy (2010) i vilken han beskriver sin teori om gräsrotsbyråkrats yrket, denna bok har även genomsyrat hela arbetet och sedan använts som ett verktyg i analysen av vår empiri. Bakgrunds avsnittet avser att ge en vid förståelse av hur komplex hemlöshetsproblematiken är, för att sedan i tidigare forskning smalna av till den forskning som behandlar vår syfte mer specifikt. Vi kommer i vår avslutande diskussion argumentera för att den sekundära bostadsmarknaden påverkar socialarbetarna på olika sätt då de måste acceptera hyresvärdarnas krav. Lägenheterna som utgör den sekundära bostadsmarknaden tillhandahålls i huvudsak av de allmännyttiga hyresvärdarna, då dessa nu skall drivas affärsmässigt har kraven på hyresgästerna höjts. Vi har valt att kalla denna uppsats Sekundära hyresgäster och vi som har skrivit uppsatsen är Marcus Vesterlund och Anders Wallin. / Our purpose with this paper was to examine if the secondary housing market affects the social workers in their work with homeless clients who have or have had substance abuse problems. Since we felt that the social worker's perceived reality is of most interest to us we chose to conduct qualitative interviews with four social workers. The interview guide was formed with the help of Michael Lipsky's book Street-Level Bureaucracy (2010) in which he describes his theory of the street-level profession, this book has also permeated the whole process and was used as a tool in the analysis of our empirical work. The background section is intended to provide a broad understanding of the complexity of homelessness, and then in the prior research section we taper to the research that deals with aspects of our purpose. We will in our concluding discussion argue that the secondary housing market affects the social workers in different ways when they have to accept the lessors requirements. The apartments that make up the secondary housing market is provided mainly by public lessors, as these are now to be operated commercially the demand on the tenants has increased. We have chosen to call this essay Secondary tenants and we who have written the essay are Marcus Vesterlund and Anders Wallin.

This thesis is analysing the housing market situation in Malmö. The reason for the research is the always equally relevant choice between two types of housing- cooperative apartments and rentals. Cost and risk is compared between the two in order to see what accommodation is preferable from cost and risk aspects. A theoretical framework dealing with cost and risk associated to housing is the starting point of the thesis. Theory on different cost associated to the two types of housing is presented as well as risk aspects, such as market risk, credit risk and fluctuations in interest rates. The data used in the research is individual data from 993 households living in Malmö, providing the possibility to map out the cost and risk for the two types of housing and compare it to the housing market situation in Sweden.   At first glance it seems slightly more expensive to live in a rental compared to a cooperative apartment. However, when return on capital, risk premium and value change is included this first statement changes. The risk is slightly higher when living in a cooperative apartment than in a rental, due to higher risk associated to fluctuations in interest rate. However, the current initial economic situation is better for households in cooperative apartments than for households in rentals, implying that these households on average are more capable to handle the higher risk associated to changes in housing cost.

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I juni 2016 införde Finansinspektionen, i samtycke med regeringen, ett amorteringskrav för nya bolån med avsikten att minska de svenska hushållens skuldsättning. Syftet med uppsatsen är att analysera den effekt amorteringskravet har haft på bostadspriser inom den svenska marknaden för bostadsrätter. Detta har genomförts med en ekonometrisk modell, samt med stöd av nationalekonomisk teori och tidigare forskning. Studien har fokuserat på förändringen i bostadspriser för bostadsrätter i Sveriges tre största kommuner, Stockholm, Göteborg och Malmö. Resultatet visar på en statistiskt och ekonomiskt signifikant negativ effekt av amorteringskravet i Stockholms kommun medan resultatet för de två övriga kommunerna inte går att statistiskt säkerställa. Vidare visar uppsatsen att de faktorer som bestämmer bostadspriser går i en riktning som påverkar priserna positivt och begränsar amorteringskravets effekt på bostadspriser. / On June 1, 2016, the Swedish Financial Supervisory (Finansinspektionen), in agreement with the Swedish government, imposed an amortization requirement for new housing loans with the intention of reducing the households’ indebtedness. The purpose of this paper is to analyze the effect of the amortization requirement on housing prices in the Swedish housing market. This has been executed using an econometric model and with the support of economic theory and previous research. The study has focused on the change in housing prices in condominiums in Sweden’s three largest municipalities, Stockholm, Göteborg and Malmö. The result shows a statistically and economically significant negative effect of the amortization requirement in the municipality of Stockholm, while results for the other two municipalities fail to show statistical significance. Furthermore, this paper shows that factors determining housing prices have developed in a way that positively affects housing prices and limits the effect that the amortization requirement have on housing prices.

This thesis discusses the real price development on the Swedish housing market and the effects by qualitative variables. The housing market shows signs of being overpriced and this paper investigates if these qualitative values significantly effect the real price development. Valueguard Corporation has supplied Price development data. Focus magazine has supplied data regarding a large dataset for Swedish municipalizes which measures which state of quality of living prevailing in the investigated area. Empirical results show that qualitative variables and increased population have a positive effect on the real price development. Increased cost of interest rates has a significant negative effect on the price development. Increased amortizing rates and interest rates are assumed to slow down an unsustainable price development.

In this paper, I estimate the economic cost associated with flood risks in Sweden. A hedonic price model combined with a distance defined difference-in-differences method is used to estimate the marginal change in property prices due to new information regarding flood risks. The results reveal a robust effect on owner-occupied properties from predicted floods from the sea. The willingness to pay for increasing the distance to the predicted flooded area is estimated to be 0.187% per meter. A similar, though smaller (0.045% per meter) effect is found for all properties in proximity to floods from streams. The effects of the information regarding flood risks are limited to the year after the release. The results are especially important in a Swedish setting due to its numerous streams and lakes and extensive coastline. That the value of the risk of floods is limited to one year should be further investigated and considered when establishing policies regarding the information provided when a property is listed for sale.