What Goes Up Must Come Down? House Price Dynamics in the United States

What Goes Up Must Come Down? House Price Dynamics in the United States

This paper estimates the evolution of equilibrium real home prices in the United States and finds that despite recent declines, single-family homes remained 8 to 20 percent overvalued as of the first quarter of 2008.

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Bibliographische Detailangaben
1. Verfasser: Klyuev, Vladimir
Format: Buch
Sprache:eng
Schlagworte:
House Prices
Housing
Housing Prices
Prices
United States
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Beschreibung
Zusammenfassung:This paper estimates the evolution of equilibrium real home prices in the United States and finds that despite recent declines, single-family homes remained 8 to 20 percent overvalued as of the first quarter of 2008.