For several decades, theorists and researchers have emphasized investigating and analyzing the likelihood of contagion of turbulence among markets. The behavior of the housing market is also essential because of the impact of housing prices on the loan portfolios of banks and other financial...

The disequilibrium adjustment frameworks, pioneered by Carlino & Mills (1987) and further extended by Boarnet (1994a), have been widely adopted by various regional and intra-regional studies, 1) determining whether jobs follow people or people follow jobs or the both; 2) examining the...