Kholodilin, Konstantin A.; Michelsen, Claus; Ulbricht, Dirk - In: Empirical Economics 55 (2018) 4, pp. 1957-1983
. Furthermore, we apply two new testing approaches: panel-data and principal components versions of explosive root tests. We find … evidence for explosive price increases in many cities. However, it is only in select urban housing markets that prices decouple …