Showing 1 - 10 of 16
In order to deal with the rampant increase in housing prices, the Government of the People's Republic of China implemented the home purchase restriction (HPR) policy to curb speculation and prevent housing bubbles. This policy triggered an exogenous demand shock to the housing market. Employing...
Persistent link: https://www.econbiz.de/10011811843
Persistent link: https://www.econbiz.de/10003847579
Persistent link: https://www.econbiz.de/10010345775
Persistent link: https://www.econbiz.de/10003746166
Persistent link: https://www.econbiz.de/10012293202
Persistent link: https://www.econbiz.de/10011685348
Persistent link: https://www.econbiz.de/10013350231
Persistent link: https://www.econbiz.de/10012206278
Persistent link: https://www.econbiz.de/10014536366
This paper analyzes the bubble in property values across cities in the U.S. from 1999 through 2005. We find evidence of momentum in house price growth (relative to growth in rents) away from the underlying “fundamentals” throughout the 1980-2005 period; however, momentum increased after 1999....
Persistent link: https://www.econbiz.de/10013139101