Convergence in US house prices
AbstractThis paper analyses the convergence of US house prices. Our results confirm the existence of some degree of segmentation in the US housing market. We also provide robust evidence that the bursting of the housing price bubble has altered this market, observing different results when the sample includes information posterior to 2010. However, we appreciate different effects depending on the geographical level of disaggregation that is employed.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48454.
Date of creation: 2013
Date of revision:
US Housing prices Convergence Clubs;
Other versions of this item:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
- R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-05 (All new papers)
- NEP-GEO-2013-08-05 (Economic Geography)
- NEP-URE-2013-08-05 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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