House prices and fundamental value

This Economic Letter describes one of the measures commonly used to gauge the fundamental value of housing—the price-rent ratio. We describe the kinds of forces that cause the ratio to move over time and document which forces appear to be most important. We document the way that the housing market typically adjusts to changes in economic fundamentals.

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Year of publication:	2004
Authors:	Krainer, John ; Wei, Chishen
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2004, 27
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Housing \| Prices

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005346474