Jin, Changha; Soydemir, Gokce; Tidwell, Alan - In: Journal of Real Estate Research 36 (2014) 2, pp. 187-220
In this study, we explore the pricing patterns of the U.S. residential real estate market in the context of the recent housing bubble and subsequent deflation. We examine 10 consolidated metropolitan statistical areas and construct excess residential market return per risk measured by standard...