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Your house just doubled in value? Don't uncork the champagne just yet!

Author

Listed:
  • Wenli Li
  • Rui Yao

Abstract

Wenli Li and Rui Yao present their recent research, which tries to quantify the effects of house-price changes on both consumption and the well-being of American households. Their study looks at the economy as a whole, as well as different demographic groups.

Suggested Citation

  • Wenli Li & Rui Yao, 2006. "Your house just doubled in value? Don't uncork the champagne just yet!," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 25-34.
    • Handle: RePEc:fip:fedpbr:y:2006:i:q1:p:25-34
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2006/q1/Q1_06_Housevalue.pdf
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    References listed on IDEAS

    as
    1. Joshua H. Gallin, 2004. "The long-run relationship between house prices and rents," Finance and Economics Discussion Series 2004-50, Board of Governors of the Federal Reserve System (U.S.).
    2. Joao F. Cocco, 2005. "Portfolio Choice in the Presence of Housing," The Review of Financial Studies, Society for Financial Studies, vol. 18(2), pages 535-567.
    Full references (including those not matched with items on IDEAS)

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