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What’s really going on in housing markets?

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Author Info
Morris A. Davis
François Ortalo-Magné
Peter Rupert

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Abstract

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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File URL: http://www.clevelandfed.org/research/Commentary/2007/07.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2007)
Issue (Month): Jul ()
Pages:
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Handle: RePEc:fip:fedcec:y:2007:i:jul

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Postal: 1455 East 6th St., Cleveland OH 44114
Phone: 216.579.2000
Web page: http://www.clevelandfed.org/
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Related research
Keywords: Housing - Prices;

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This page was last updated on 2009-10-20.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.