Time‐varying connectedness of metropolitan housing markets

We construct a time‐varying measure of connectedness for 382 U.S. metropolitan housing markets using monthly house price data from 1975 to the present. Housing connectedness in the long run is found to be much stronger than the instantaneous connectedness, both of which exhibit notable variation ove...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Real estate economics 2023-03, Vol.51 (2), p.470-502
Hauptverfasser:	Payne, James E., Sun, Xiaojin
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Housing Metropolitan areas metropolitan housing markets recession prediction Time measurement time‐varying connectedness
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!