Kim, Young Se; Rous, Jeffrey J. - In: Journal of Housing Economics 21 (2012) 2, pp. 169-186
We study house price convergence in panels of US states and metropolitan areas. Our analysis is centered on three … issues. First, we test whether the US house prices are converging over time using log t convergence test by Phillips and Sul … (2007). The test results suggest that there is little evidence of overall convergence. The second issue is to investigate …