What’s really going on in housing markets?

Most of the public concern about housing markets is based on claims that house prices have increased at historically anomalous rates and that house prices have outpaced incomes. The first claim is based on inaccurate historical data. The second is linked to relaxed credit constraints. House prices are likely to fall further, but not for the reasons usually proposed.

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Year of publication:	2007
Authors:	Davis, Morris A. ; Ortalo-Magné, François ; Rupert, Peter
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 2007, Jul, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Housing \| Prices

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005720953