Search Results for: Price Expectations And The Us Housing Boom

Between 1996 and 2006 the U.S. has experienced an unprecedented boom in house prices. As it has proven to be difficult to explain the large price increase by ob

Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing o

We infer the role of price expectations in forming the U.S. housing boom in the early- 2000s from examining housing inventories. We use a reduced form model to

Home listing prices continue to be high. Mortgage interest rates are high; the last time they were this high was in the early 2000s. But the cost of borrowing i