Wheaton, William C.; Nechayev, Gleb - In: Journal of Real Estate Research 30 (2008) 1, pp. 1-26
This paper examines the inflation in housing prices between 1998 and 2005 and investigates whether this run-up in prices can be ‘‘explained’’ by increases in demand fundamentals such as population, income growth, and the decline in interest rates over this period. Time...