Nneji, Ogonna; Brooks, Chris; Ward, Charles - In: Journal of Real Estate Research 35 (2013) 2, pp. 121-152
This paper examines the dynamics of the residential property market in the United States between 1960 and 2011. Given the cyclicality and apparent overvaluation of the market over this period, we determine whether deviations of real estate prices from their fundamentals were caused by the...