Nichols, Joseph B.; Oliner, Stephen D.; Mulhall, Michael R. - In: Journal of Urban Economics 73 (2013) 1, pp. 57-76
We use a large dataset of land sales dating back to the mid-1990s to construct land price indexes for 23 MSAs in the United States and for the aggregate of those MSAs. The price indexes show a dramatic increase in both commercial and residential land prices over several years prior to their peak...