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Persistent link: https://www.econbiz.de/10003053685

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Search, liquidity and the dynamics of house prices and construction

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We characterize the dynamics of relative house prices, construction rates and population growth across US cities. In response to fluctuations in relative incomes, we find that population growth rates adjust more rapidly than construction rates in the short run and that price appreciation...

Persistent link: https://www.econbiz.de/10009308311

Search, liquidity, and the dynamics of house prices and construction

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Persistent link: https://www.econbiz.de/10009789506

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Persistent link: https://www.econbiz.de/10014330357