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, abound. While the role of investor contagion in asset bubbles has been explored extensively in the theoretical literature …
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residential real estate market where transaction traits associated with short-term speculation can be identified. In the cross …
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residential real estate market where transaction traits associated with short-term speculation can be identified. In the cross …
Persistent link: https://www.econbiz.de/10013083281
This paper investigates the existence of speculative bubbles in the US national and 21 regional housing markets over … regional level, it identifies two periods of speculation: late 1980s and early-to-mid 2000s. The early-to-mid 2000s bubble …
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Borrowers in states with non-recourse mortgage law face limited liability on their mortgage loans. We show that non-recourse law causes larger swings in housing prices by encouraging speculative investments when housing markets are in a boom cycle. We find that mortgage lending pricing does not...
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