Depken, Craig A.; Hollans, Harris; Swidler, Steve - In: Journal of Financial Economic Policy 3 (2011) 1, pp. 49-65
Purpose – This paper aims to examine the anatomy of a real estate bubble. In the process, the paper identifies three phases of the market's evolution: flips, flops and foreclosures. An examination of the Las Vegas real estate market illustrates the three phases. Design/methodology/approach –...
