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RBA Glossary definition for '000

'000 – Unit is in thousands.

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Introduction

31 Jan 2023 RDP 2023-01
Tom Cusbert
In the data there are five households from Michigan that live in a home valued at US$140,000. ... US$140,000 homes in Michigan. Sources: Author's calculations; Fuster and Zafar (2021).
https://www.rba.gov.au/publications/rdp/2023/2023-01/introduction.html

The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment

31 Jan 2023 RDP 2023-01
Tom Cusbert
US$140,000 homes in Michigan. Sources: Author's calculations; Fuster and Zafar (2021). ... Median. Home value (US$′000). Age. Normalised log(WTP. 20. ). (a). Equity available.
https://www.rba.gov.au/publications/rdp/2023/2023-01/full.html

Aggregate Results

31 Jan 2023 RDP 2023-01
Tom Cusbert
Lower mortgage rate. Inherit US$100,000. Average WTP change. 0.16 (0.14–0.18). 0.04 (0.04–0.05). ... Figure 4: Effect of Inheritance on Housing Demand. Household receives US$100,000.
https://www.rba.gov.au/publications/rdp/2023/2023-01/aggregate-results.html

Market Segments and Aggregation

31 Jan 2023 RDP 2023-01
Tom Cusbert
Median. Home value (US$′000). Age. Normalised log(WTP. 20. ). (a). Equity available.
https://www.rba.gov.au/publications/rdp/2023/2023-01/market-segments-and-aggregation.html

Empirical Model: Simulating Demand Curves from Household Characteristics

31 Jan 2023 RDP 2023-01
Tom Cusbert
Both show large responses to the down payment change, but the 20 per cent WTP in Illinois looks a bit like the respondent accidentally wrote US$10,000 instead of US$100,000 ... given they have US$5,000 in home equity and US$7,500 in liquid savings.
https://www.rba.gov.au/publications/rdp/2023/2023-01/empirical-model-simulating-demand-curves-from-household-characteristics.html