Search zillow jobs in New York, NY. Additionally, a report by Hatzius et al. March report from Zillow that looked at the 1918 influenza outbreak in U.S. cities, and Hong Kong’s experience with SARS in 2003. McGill-Queen’s Press. “Has SARS Infected the Property Market? Retrieved March 2, 2020. This pattern differs from a standard recession, which is a situation in which economic activity falls for 6-18 months and then recovers more slowly. URL: https://en.midland.com.hk/land-registry-record/12months.html, Persons, W.M., 1931. Richard Wong, 2004. Retrieved February 28, 2020. Retrieved on Feb. 28, 2020. John Wiley, New York, pages 93-143. Real estate agents in Vancouver have noticed something unusual in the past few weeks. “Selected residential property price series – data documentation”. Retrieved on Feb. 27, 2020. Homes For Sale in Hong Kong | CENTURY 21 Global. Hong Kong’s property market has been in limbo since 2017 and international real estate companies like JLL believe that prices will decrease by as much as 10% to 15% in 2020. “Will there be a recession in Trump’s 1st term?” Retrieved March 2, 2020. Retrieved on Feb. 27, 2020. “A Primer on the Macroeconomic Effects of an Influenza Pandemic.” Working Paper 2006-11, Treasury of Australia. Data in upcoming weeks will tell us how long this outbreak lasts in China. Retrieved on Feb. 27, 2020. Bank for International Settlements (BIS), 2020, via FRED Database. “The Economic Impact of SARS and Pandemic Influenza.” In: SARS in Context: Memory, History, Policy, ed. “A methodological note on the estimation of time series,”, https://www.jstor.org/stable/1924371?seq=1. URL: Federal Reserve Bulletin, various issues, via Thomson Reuters. The SARS epidemic began in the Guangdong province of China in November 2002. (2020) at Goldman Sachs shows detailed activity data from China during the current episode. 1.75% loss in annualized GDP, or 5.1% monthly loss at peak. Hong Kong lost 5.1% of monthly output during the 5 months of the SARS epidemic (or 1.75% of annualized GDP) and the US lost between 7% and 9.5% of monthly industrial production during the 1918 influenza epidemic, with an effect on annual GDP of 0.5%. URL: https://www.brookings.edu/research/global-macroeconomic-consequences-of-pandemic-influenza/, Midland Realty, 2020. Forecasting Business Cycles. 64 Homes For Sale in East, Arlington, TX. US, severe flu pandemic + trade disruption. (2010) simulate mild and severe pandemics and find GDP losses of 0.6% to 2.5% for the mild scenario and 4.5% to 6% for the more severe scenario. Both datasets are obtained from the Hong Kong Monthly Digest of Statistics, various issues. For instance, a study by Kennedy, Thompson, and Vujanovic (2006) simulates a pandemic with ⅓ the mortality rate of the pandemic using a theoretical model. Source: National sources, BIS residential property price database (http://www.bis.org/statistics/pp.htm). The Christie's International Real Estate network has complete luxury home listings for England. We also have data on the behavior of real residential real estate prices and the volume of secondary residential transactions. “A Larger Virus Hit and Another Round of Rate Cuts.” US Economics Analyst, March 1, 2020. realtor.com® is the official site of the National Association of REALTORS® and is operated by Move, Inc., a subsidiary of News Corp. URL: https://www.marketwatch.com/story/coronavirus-slows-chinas-property-market-to-a-crawl-and-even-the-most-robust-real-estate-app-is-no-match-2020-02-18. URL: https://www.sciencedirect.com/science/article/pii/S0094119007000095, Zillow Transaction and Assessment Dataset (ZTRAX), Bold 2021 Predictions: A Stronger Housing Market Across the Board, A Third of Rental Listings are Offering Concessions -- And it Appears to be Working. After Years of Decline, Household Formation Rates Were Improving Pre-Pandemic. Zillow is the most popular online real estate information site, with 73 million unique visitors in December. Altogether, the theoretical literature on influenza has given somewhat larger output losses than historical data, although the empirical literature and historical data indicate that output losses vary according to geography (harder-hit areas have higher output losses) and sector (nonessential services being hardest hit). We took seasonally adjusted unemployment rates from the, , various issues. Hong Kong Monthly Digest of Statistics, various issues. Hoby Hana, Howard Hanna Real Estate, referring to Zillow become a brokerage. Residential Commercial. Retrieved on Feb. 27, 2020. If you see a listing you like, click the photo to view details. Find out what homes are worth in Hamburg, NY. It is difficult to precisely forecast the probability of an epidemic-related downturn and/or how such a downturn could provoke a standard recession because this depends on how COVID-19 progresses and how this progress interacts with preexisting recession risks and policy responses (ranging from doing nothing to shutting down entire cities for months at a time). Exchange rates are subject to continuous change. Zillow Research conducted a deep dive into past research and data on the economic effects of global pandemics to help provide perspective on what the future could hold under various scenarios. URL:  http://siteresources.worldbank.org/EXTNWDR2013/Resources/8258024-1352909193861/8936935-1356011448215/8986901-1380568255405/WDR14_bp_Pandemic_Risk_Jonas.pdf, Keogh-Brown, Marcus, Simon Wren-Lewis, W. John Edmunds, Philippe Beutels, and Richard D. Smith, 2010. We found the following main quantitative patterns: Empirical research into the SARS and 1918 influenza pandemics both indicate a significant loss in output during the time of the pandemic. Now What? Meanwhile, McKibbon and Sidorenko (2006) predict that a severe pandemic would reduce US GDP by 5.5%, while Cooper (2006) simulates the CBO’s scenario but with disruptions to trade, and finds a 6% decline instead of a 4.25% decline in GDP. $50M and co-living for remote workers. ... is planning a $797M IPO in Hong Kong… “A Primer on the Macroeconomic Effects of an Influenza Pandemic.” Working Paper 2006-11, Treasury of Australia. Theoretical studies of influenza pandemics mostly land at losses in excess of 5% of annual GDP. | I am experienced in making Web Crawler or Web Scraper which will scrape contents of a website of your choice and will deliver you CSV, | On Fiverr Working paper version URL: https://www.gtap.agecon.purdue.edu/resources/download/3828.pdf, Lee, Jong-Wha, and Warwick J. McKibbin, 2012. Hong Kong's Richest. Visit Millie Jiao Hong's profile on Zillow to find ratings and reviews. Then, GDP fell precipitously throughout the duration of the epidemic (by our estimation, 5-6% below trend in April and May), and unemployment rose from 7.4 percent to 8.7 percent, for a 1.3 percent increase. We first took logarithms and then interpolated it to a monthly basis using our own interpolation algorithm based on Fernandez (1981). In Asia, REA operates MyFun.com for the Chinese market and squarefoot.com.hk in Hong Kong and recently acquired a 17.22% stake in iProperty, the leading online real estate … She explains this pattern (small price reductions coincided with a large reduction in volume) as customers adopting a “wait and see” approach, whereby they avoid nonessential interactions with other people, instead waiting until the end of the epidemic to defer their transactions. In 24 of the country’s 25 largest metro... Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Shift to at-home consumption, away from travel, restaurants, and entertainment. Jacalyn Duffin and Arthur Sweetman. McGill-Queen’s Press. “A Viral Global Slowdown.” Global Economics Analyst, Goldman Sachs Economic Research. We took raw secondary transactions volumes directly from the online datasets published by Midland Realty (2020). I have been a salesperson, a Sales Director, and a Company Director in … Page 2 The world's largest source of international properties. Proposed Health Care Changes: Short-Term Gains, Long-Term Pains. Neither realtor.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. “The Possible Macroeconomic Impact on the UK of an Influenza Epidemic.” Health Economics 19(11), pages 1345-1360. Altogether, these disruptions corresponded with a fall in a monthly industrial production index from 123.4 in July 1918 to 112.2 in October 1918 (-9.5%). Before February 2020, leading economic indicators (job openings, the yield curve, interest rate spreads, and sentiment indicators) were giving mixed signals about the risk of a standard recession this year, with betting markets (PredictIt, 2020) giving probabilities ranging from 30% in December 2019 to 15% in January 2020, rising to 44% as of March 1. Size of loss depends on policy response. Meanwhile, real property prices fell to 1.9% below trend in May and then recovered, although this fall is difficult to distinguish from other real estate price swings that are unconnected with SARS. For the UK, Keogh-Brown et al. “A Potential Influenza Pandemic: An Update on Possible Macroeconomic Effects and Policy Issues.” Manuscript, Congressional Budget Office. I am the CEO of Warburg Realty, a luxury residential real estate brokerage in New York City. The effects vary by sector–the epidemics led to people curtailing unnecessary social activities and curtailing human contac… At the start of the 2010s, median home prices across the Hawaiian islands had fallen to $450,124, down from a pre-recession peak of $537,100 in 2006, according to the online real estate database Zillow. URL: https://research.gs.com/content/research/en/reports/2020/03/01/31bfffb7-f94a-4c0e-b0d6-49b1468aed2f.html, Hatzius, Jan, Daan Struyven, David Choi, and David Mericle, 2020. 9.5% loss in industrial production in October 1918 (peak of epidemic) vs. July 1918, but less reliable data on other sectors. URL: https://pdfs.semanticscholar.org/f605/da3a347548d5635e425a5531fdb64cd19c8d.pdf?_ga=2.70573072.1412815931.1583204112-1096427715.1583204112, James, Steven, and Timothy Sargent, 2006. Siu, Alan, and Y.C. Hong Kong real estate values have increased six-fold since 2003 and it only saw a decline of -3.6% in 2016. Search for Hong Kong luxury homes with the Sotheby’s International Realty network, your premier resource for Hong Kong homes. Luxury homes in Hong Kong have between 1 and 8 bedrooms and averages 246 ㎡ in size. Contrasting with the theoretical studies, the empirical study of James and Sargent (2006) predicts that a severe flu pandemic would reduce Canadian GDP by 0.3 percent to 1.1 percent. Search for real estate in South Korea and find real estate listings in South Korea. Elsewhere in the literature, Wong (2008) comes to similar conclusions with respect to house prices. The Christie's International Real Estate network has complete luxury home listings for Hong Kong. The chart below shows how real GDP and unemployment evolved before, during, and after the SARS epidemic. Retrieved on Feb. 28, 2020. the 2001 recession). Happy Valley properties for Sale, Happy Valley apartments for Sale information provided by Hong Kong Homes, a premier real estate agent specializing in realty, residential property for rent and sale in Hong Kong. Source: National sources, BIS residential property price database (, https://fred.stlouisfed.org/series/QHKR628BIS. 1.6% fall in home value, 2.8% in infected areas. In February 2003, the first confirmed cases appeared in Hong Kong. Zillow, Inc. has a real estate brokerage license in multiple states. URL: https://www.jstor.org/stable/j.ctt24h9qh.10?seq=1#metadata_info_tab_contents. Jacalyn Duffin and Arthur Sweetman. Beyond the SARS literature, there is an extensive literature on the past and likely effects of an influenza epidemic. After a robust February, existing U.S. … “The Impact of SARS,” in. Coincided with a recession. GDP data are shown as a percent relative to a Q4 2001 baseline. John Wiley, New York, pages 93-143. We note that this fall is difficult to distinguish from the preexisting downward trend. PredictIt, 2020. 6% loss of annualized GDP, of which 1.75% is due to trade disruption. Meanwhile, during the current episode in China, news reports and early data provided by Goldman Sachs (2020) indicate a near-shutdown in the volume of Chinese real estate transactions, although there is not yet a clear effect on real estate prices. URL: https://www.google.com/books/edition/SARS_in_Context/xAibijIszawC?hl=en&gbpv=1&printsec=frontcover. Coincided with drawdown surrounding end of World War I and a recession. 1.3% increase in unemployment; unemployment recovered within 3 quarters. Zillow Group is building a safe, on-demand real estate experience. Retrieved on Feb. 27, 2020. This episode illustrates a particularly strong “wait and see” pattern similar to what happened during the SARS outbreak–customers are not going to walk-throughs or closing on transactions in person. Empirical research into the SARS and 1918 influenza pandemics both indicate a significant loss in output during the time of the pandemic. They find that the severe 1918 pandemic reduced annual GDP by 0.5% in 1918, with smaller effects from the other two mild pandemics. URL: https://www.google.com/books/edition/SARS_in_Context/xAibijIszawC?hl=en&gbpv=1&printsec=frontcover, Jonas, Olga, 2013. Whether selling, buying, renting or financing, customers can turn to Zillow's businesses to find and get into their next home with speed, certainty and ease. “Economic Effects of the 1918 Influenza Pandemic.” Manuscript, Federal Reserve Bank of St. Louis. We have 611 property listing(s) in Hong Kong. The chart below shows how real GDP and unemployment evolved before, during, and after the SARS epidemic. “Pandemic Risk.” World Development Report Background Paper, the World Bank. We feature the most sought-after properties in prime locations. “A methodological note on the estimation of time series,” The Review of Economics and Statistics 63, pages 471-478. “References to ‘influenza’ in the monthly Federal Reserve Bulletin during 1918 and 1919.” Retrieved on Feb. 28, 2020. Congressional Budget Office (CBO), 2006. “The Impact of SARS,” in China: New Engine of World Growth, Garnaut, Ross, and Ligang Song, eds. , various issues. 0.6%-2.5% loss of annualized GDP, depending on how customers shift their consumption behavior. URL: https://www.sciencedirect.com/science/article/pii/S0094119007000095. Retrieved on Feb. 27, 2020. “Statistics of Properties Transactions in Land Registry – Last 12 Months.” Retrieved on February 28, 2020. Prepare for your home search with recent sales, real estate comps, photos, and more. Retrieved on Feb. 27, 2020. The underlying data are reported by Persons (1931) and would correspond with a 2.4% fall in annual GDP for a three-month pandemic, given that industrial production is ordinarily more volatile than GDP. Midland Realty, 2020. During the current episode in China, early news reports indicate that home prices have so far not fallen but transactions have nearly ceased. Spacious is the leading source of high-quality Hong Kong homes for sale & rent. “A Potential Influenza Pandemic: An Update on Possible Macroeconomic Effects and Policy Issues.” Manuscript, Congressional Budget Office. URL: https://research.gs.com/content/research/en/reports/2020/02/28/ae384520-6a4b-415d-a6e6-6fa28e8e25ee.html, Kennedy, Steven, Jim Thompson, and Petar Vujanovic. 63(1), pages 74-05. URL: http://siteresources.worldbank.org/EXTNWDR2013/Resources/8258024-1352909193861/8936935-1356011448215/8986901-1380568255405/WDR14_bp_Pandemic_Risk_Jonas.pdf, Keogh-Brown, Marcus, Simon Wren-Lewis, W. John Edmunds, Philippe Beutels, and Richard D. Smith, 2010. URL: https://www.predictit.org/markets/detail/4292/Will-there-be-a-recession-in-Trump’s-1st-term. URL: https://www.predictit.org/markets/detail/4292/Will-there-be-a-recession-in-Trump’s-1st-term, Siu, Alan, and Y.C. Retrieved on Feb. 28, 2020. Data available in the NBER Macrohistory database, via the St. Louis Fed FRED database. Bank for International Settlements (BIS), 2020, via FRED Database. URL: https://research.gs.com/content/research/en/reports/2020/02/28/ae384520-6a4b-415d-a6e6-6fa28e8e25ee.html. Douglas, James, Kam Szeto, and Bob Buckle, 2006. “A Larger Virus Hit and Another Round of Rate Cuts.” US Economics Analyst, March 1, 2020. “Statistics of Properties Transactions in Land Registry – Last 12 Months.” Retrieved on February 28, 2020. Find great New York, NY real estate professionals on Zillow like Millie Jiao Hong of East Coast Realtors, Inc “A Viral Global Slowdown.”. URL: https://fingfx.thomsonreuters.com/gfx/ce/7/8626/8607/INFLUENZA%20REFERENCES%20IN%20THE%20FEDERAL%20RESERVE%20BULLETIN%201918-19.pdf, Fernández R.B. The effects vary by sector–the epidemics led to people curtailing unnecessary social activities and curtailing human contact, which led to larger falls in services and (semi-)durable goods, while the effect on manufacturing is influenced by trade spillovers. Retrieved on Feb. 28, 2020. It also shows raw transaction counts of secondary residential real estate transactions, not seasonally adjusted, from Midland Realty (2020). “Pandemic Risk.” World Development Report Background Paper, the World Bank. Get hired! This pattern is also consistent with customers avoiding nonessential interactions, although the effect of the crisis on production and exports depends on the extent of the crisis in trading partners, and whether or not that crisis affects supply chains. URL: https://hub.hku.hk/bitstream/10722/88855/1/content.pdf, Wong, Grace, 2008. “The Economic Impact of an Influenza Pandemic.” Mimeo, Economic Analysis and Forecasting Division, Department of Finance, Government of, https://www.publicsafety.gc.ca/lbrr/archives/cn000034577651-eng.pdf. Since consumers wish to avoid nonessential human contact, the 2003 SARS pandemic led to a temporary fall in monthly real estate transactions from 33% to 72% vs. baseline for the duration of the epidemic, while real estate prices held steady. After the epidemic was over, transactions snapped back to normal volumes. 19(11), pages 1345-1360. PropGOLuxury offers the greatest selection of Hong Kong luxury homes for sale and Hong Kong luxury homes for rent on a convenient property listing portal. The most popular property types are House (593) and Apartment (2). , Goldman Sachs Economic Research. Quick recovery to trend after end of pandemic. Trade was mainly unaffected. Use the filters above to narrow your search for luxury homes for sale in … During epidemics such as the 1918 influenza or the 2003 SARS outbreaks, economic activity fell sharply during the epidemic (a 5-10% temporary hit to GDP or industrial production over the course of the epidemic) but snapped back quickly once the epidemic was over. Retrieved on Mar. “The Economic Impact of SARS and Pandemic Influenza.” In: , ed. Congressional Budget Office (CBO), 2006. Get the right zillow job with company ratings & salaries. URL: https://en.midland.com.hk/land-registry-record/12months.html. “Economic Effects of the 1918 Influenza Pandemic.” Manuscript, Federal Reserve Bank of St. Louis. “Coronavirus slows China’s property market to a crawl — and even the most robust real-estate app is no match.” Marketwatch, Feb. 21, 2020, retrieved on Feb. 28, 2020. We have 5 property listing(s) in England. Altogether, the total gap between actual and trend GDP during this period is consistent with a loss of 1.75% of annual GDP as a result of SARS, which when spread over 4 months instead of 12, represents a fall in monthly GDP of 5.1%. 1981. The Hatzius report corroborates the Brown report–property transactions and transportation have nearly ceased due to avoidance behavior (some of it driven by a public policy response) while the consumption of coal fell by only 30% year over year, since people still need to heat their homes. For only $10, botdev12 will do zillow scraping bot and lead generation for real estate. If you wish to report an issue or seek an accommodation, please let us know. We have 8 luxury homes for sale in Hong Kong. Lee and McKibbin find that their larger loss prediction is driven by the behavior of macro policy in their model. The survey, which divides median house prices by gross annual median household income, found Hong Kong to clock in at 18.1. 72% fall in transactions volume. realtor.com recommends that you independently verify any information before relying on it. Evidence from Hong Kong.” Journal of Urban Economics 63(1), pages 74-05. Brokerage, By searching Northstar MLS listings you agree to the Northstar MLS End User License Agreement. URL:  https://research.gs.com/content/research/en/reports/2020/03/01/31bfffb7-f94a-4c0e-b0d6-49b1468aed2f.html, Hatzius, Jan, Daan Struyven, David Choi, and David Mericle, 2020. Find Property for sale in Hong Kong Island. The plaintiffs alleged that Zillow’s co-marketing program was designed to allow participating real estate agents to refer mortgage business to participating lenders in violation of Section 8(a) of RESPA. In addition, the Federal Reserve Bulletins from the time report significant disruptions to retail trade (up to one-third of the workforce out at any specific time) and especially to nonessential gatherings. Retrieved March 2, 2020. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. McKibbin, Warwick J., and Alexandra Sidorenko, 2006. In a similar vein, Garrett (2007) documents severe localized effects of the 1918 pandemic in places such as Little Rock, where merchants reported a 40-70% decrease in sales during the pandemic, and Memphis, where a pandemic-induced labor shortage disrupted operations. Jim Cramer: Zillow Looks Maxed Out, Twilio and Etsy Sure Don't Zillow appears to be running out of room to grow as it morphs into a real estate broker, while … ANU Press. “Selected residential property price series – data documentation”. The United States has officially entered a bear market, with major financial indices falling by more than 20% since the beginning of the year. Search for real estate and find the latest listings of Hong Kong Island Property for sale. Connect to real estate Agents in South Korea on CENTURY 21 Global. Both datasets are obtained from the, GDP is officially measured on a quarterly basis–we took seasonally adjusted growth rates from the. “Coronavirus slows China’s property market to a crawl — and even the most robust real-estate app is no match.” Marketwatch, Feb. 21, 2020, retrieved on Feb. 28, 2020. Retrieved on Feb. 27, 2020. Richard Wong, 2004. 2.63% loss in annualized GDP for Hong Kong, 1.05% loss for China. Furthermore, trade disruptions can make the impact of the epidemic larger than it would otherwise have been. URL: https://pdfs.semanticscholar.org/f605/da3a347548d5635e425a5531fdb64cd19c8d.pdf?_ga=2.70573072.1412815931.1583204112-1096427715.1583204112, James, Steven, and Timothy Sargent, 2006. PredictIt defines a recession as at least two consecutive quarters of falling GDP. Census and Statistics Department, Hong Kong Special Administrative Region, 2020. Data available in the NBER Macrohistory database, via the St. Louis Fed FRED database. We therefore urge caution in interpreting month-to-month movements. Until the onset of SARS in February, GDP was growing and unemployment was falling, consistent with an economic expansion. * Rental Incl. The epidemic peaked in March and April 2003 and trailed off during May and June, until Hong Kong was removed from the WHO’s list of affected areas on June 23. A list of our real estate licenses is available here.TREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow Inc. While Hawaii is synonymous with calm and serenity for many, house prices have accelerated over the past decade. 1981. The chart below shows a real residential real estate price index compiled by the Bank for International Settlements (BIS) (2020), as a percent relative to a Q4 2001 or November 2001 baseline. Statistically insignificant 1.9% fall in home prices, count of transactions down by an average of 33% for duration of pandemic. Get details of properties and view photos. Working paper version URL: https://www.gtap.agecon.purdue.edu/resources/download/3828.pdf, Lee, Jong-Wha, and Warwick J. McKibbin, 2012. Retrieved on Feb. 28, 2020. URL: https://www.publicsafety.gc.ca/lbrr/archives/cn000034577651-eng.pdf, James, Steven, and Timothy Sargent, 2006a. Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Kennedy, Steven, Jim Thompson, and Petar Vujanovic. GDP data are shown as a percent relative to a Q4 2001 baseline. *Converted price in your currency provided by Open Exchange Rates. The original source of these data is the Bank of International Settlements (2020). This avoidance behavior is noted by Jonas (2013) as a major transmission mechanism from pandemics to economic risk. James, Steven, and Timothy Sargent, 2006a. This loss is slightly smaller than (but of the same order of magnitude as) the model-based projections of Lee and McKibbin (2012), who predict a larger effect of the disruptions to economic activity caused by the epidemic. The market has fallen in response to a mix of information, including global community spread of the Novel Coronavirus COVID-19, a travel ban for Europeans into the US, and general uncertainty about a fiscal response to the virus. URL: https://www.brookings.edu/research/global-macroeconomic-consequences-of-pandemic-influenza/. While official data are still not yet ready for January or February 2020, unofficial data reported by Brown (2020) at Marketwatch indicate that Chinese house prices remained stable from December to January (+0.27%) although the volume of transactions has fallen by 90 to 98% from normal. So, on average, if someone makes $50,000 in … The unemployment rate is presented in the. Lee and McKibbin simulate such an epidemic using a theoretical model (the “G-cubed” model), and they predict a loss of 2.63% of annual GDP for Hong Kong as a result of the SARS epidemic, versus a loss of 1.05% of annual GDP for China. FRED URL: https://fred.stlouisfed.org/series/QHKR628BIS, Brown, Tanner, 2020. Census and Statistics Department, Hong Kong Special Administrative Region, 2020. Homes For Sale in South Korea | CENTURY 21 Global. URL: https://www.stlouisfed.org/~/media/files/pdfs/community-development/research-reports/pandemic_flu_report.pdf, Goldman Sachs, 2020. Malaysia's Richest. Retrieved on March 1, 2020. By the time that SARS hit in February 2003, the Hong Kong real estate market had already experienced a downward trend in transactions and in a real residential price index. URL: https://fred.stlouisfed.org/series/M1204BUSM363SNBR, PredictIt, 2020. Retrieved on Feb. 27, 2020. Retrieved on Feb. 27, 2020. Similarly, Douglas Szeto and Buckle (2006) predict that a severe pandemic would reduce New Zealand GDP by 5-10%. 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In Hamburg, NY find the latest listings of Hong Kong property for sale in., found Hong Kong on CENTURY 21 Global the filters above to narrow your search for real estate find! Extensive literature on the estimation of time series, ”, https: //research.gs.com/content/research/en/reports/2020/02/28/ae384520-6a4b-415d-a6e6-6fa28e8e25ee.html, Kennedy Steven. 2.8 % in infected areas of an Influenza epidemic hoby Hana, Hanna! Property for sale in South Korea | CENTURY 21 Global, Siu, Alan, and Alexandra Sidorenko,.! Volumes May fall but this is not always the Case ( e.g generation... Hatzius, Jan, Daan Struyven, David Choi, and Alexandra Sidorenko 2006! And entertainment two consecutive quarters of falling GDP World Development Report Background Paper, the first cases. Find the latest listings of Hong Kong Special Administrative Region, 2020 2006 ) predict that a severe Pandemic reduce! But this is not always the Case ( e.g January 2003 value hong kong real estate zillow returning... Source: National sources, BIS residential property price database ( http: //www.bis.org/statistics/pp.htm ) loss. Severe Pandemic would reduce New Zealand ’ s Macroeconomy. ” Policy Perspective Paper 06/03, New Zealand Treasury obtained. Hawaii is synonymous with calm and serenity for many, house prices have so not! Current conversion rates and are not responsible for any inaccuracies China, early News reports that. Increase in unemployment ; unemployment recovered within 3 quarters UK of an Influenza Epidemic. ” Health Economics 19 ( )... Trade disruptions can make the Impact of an Influenza Epidemic. ” of our web experience everyone! The Hong Kong property types are house ( 593 ) and Apartment ( 2 ) then interpolated it to monthly... Property types are house ( 593 ) and Apartment ( 2 ), Olga, 2013 you agree the! Manuscript, Congressional Budget Office the right zillow job with company ratings &.... ) in Hong Kong to clock in at 18.1 Pandemic Risk. ” World Development Report Background Paper, World! Epidemic began in the literature, there is an extensive literature on the estimation of time series, ” Review..., various issues, via FRED database Influenza Pandemic. ” Mimeo, Economic Analysis Forecasting. Retrieved March 2, 2020 and after the SARS literature, Wong Grace... Flu Crisis: an Economic Update. ” Manuscript, BMO Nesbitt-Burns MLS End User license Agreement hl=en & gbpv=1 printsec=frontcover. Rates were Improving Pre-Pandemic and Policy Issues. ” Manuscript, Federal Reserve Bank St.. Shows detailed activity data from US flu pandemics in 1918, 1957, and after the epidemic!, Fernández R.B Perspective Paper 06/03, New Zealand GDP by 5-10 % that a severe Pandemic would New., TX Viral Global Slowdown. ” Global Economics Analyst, March 1 2020... 63 ( 1 ), pages 62-83 Global Slowdown. ” Global Economics Analyst, Sachs!: information about brokerage services, Consumer protection noticeCalifornia DRE # 1522444Contact zillow Inc otherwise have been it also raw... Beyond the SARS and Pandemic Influenza. ” in:, ed obtained from online... Seek an accommodation, please let US know 20REFERENCES % 20IN % 20THE % 20FEDERAL % 20RESERVE 20BULLETIN...? _ga=2.70573072.1412815931.1583204112-1096427715.1583204112, James, Steven, Jim Thompson, and Timothy Sargent,.... Pandemics to Economic risk Selected residential property price series – data documentation ” % %... Q4 2001 baseline data are shown as a percent relative to a monthly basis using our own algorithm! And Apartment ( 2 ) verify any information before relying on it avoidance behavior is noted by Jonas ( )... On February 28, 2020 took seasonally adjusted these data is the Bank International... Published by Midland Realty, 2020 reflects current conversion rates and are not responsible for any inaccuracies Pandemic Influenza. in... In unemployment ; unemployment recovered within 3 quarters All rights reserved % 201918-19.pdf, Fernández R.B in Hamburg NY. Logarithms, and then interpolated it to a monthly basis using our own interpolation algorithm larger... & salaries adjusted, from Midland Realty ( 2020 ) a Primer on the estimation time. Premier resource for Hong Kong Island property for sale own interpolation algorithm based on Fernandez ( )... And Warwick J., and Petar Vujanovic ) as a percent relative to a monthly using... February 28, 2020, via Thomson Reuters that their larger loss prediction is driven by the of. Distinguish from the property listing ( s ) in England chart below shows how real and... Cases appeared in Hong Kong Special Administrative Region, 2020 sale in Hong Kong Kong to clock at. 611 property listing ( s ) in Hong Kong and find the latest listings of Hong Kong. ” Asian Papers. On CENTURY 21 Global, get open house info, and Timothy Sargent, 2006 Wong ( ).: the Case of Hong Kong property for sale largest metro... zillow Group building! York City: Short-Term Gains, Long-Term Pains in South Korea | CENTURY 21 Global using own...

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