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Abstract
This paper introduces a six-quadrant model of the housing market in the short-term view. It brings up a combination of a short-term real estate market model for investment purposes with parts of the financial markets – here especially a slightly modified debt market. It is a simple and handy model, tested with empirical data of the German stock prices for residential real estate for the period of 2000 to 2013. The analyses show that the evolution of the housing prices is mainly associated with the change of selected interest rates and yields on mortgage bonds.
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