Using data for six metropolitan housing markets in three countries, this paper provides a comparison of methods used to … measure house price bubbles. We use an asset pricing approach to identify bubble periods retrospectively and then compare … ability to identify bubbles as they form. In view of the complexity of the asset pricing approach, we conclude that a simple …

future house prices which, in turn, led to a collapse in lending standards. A common feature of all bubbles which complicates … rise in asset prices. A comparison of the U.S. housing market experience with ongoing housing market trends in Norway once … economic fallout from the recent financial crisis, central bank views on the use of monetary policy to lean against bubbles …