Why Are Some Home Values Resistant and Others Resilient?
Data for 116 California communities reveal considerable variation in changes in the value of owner-occupied homes during 2005-2010, variation that is related to the price/rent ratios that existed in 2005, number of rental properties in the community, increase in home values between 2000 and 2005, and a variety of socioeconomic factors.
Volume (Year): 17 (2014)
Issue (Month): 2 ()
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References listed on IDEAS
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- Jonathan McCarthy & Richard Peach, 2004. "Are home prices the next "bubble"?," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 1-17.
- Margaret H. Smith & Gary Smith, 2007. "Homeownership In An Uncertain World With Substantial Transaction Costs," Journal of Regional Science, Wiley Blackwell, vol. 47(5), pages 881-896.
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