Zhang, Ting; Gerlowski, Dan; Ford, Deborah - In: Applied Economics 46 (2014) 28, pp. 3494-3502
This article examines the influence of national and local forces on housing prices in 20 local US real estate markets during the recent housing price run-up and decline. We use reduced-form panel data fixed-effects models with robust SEs to determine the impact of national and local effects on...