What’s really going on in housing markets?

Morris Davis (), Francois Ortalo-Magne () and Peter Rupert ()

Economic Commentary, 2007, issue Jul

Abstract: Most of the public concern about housing markets is based on claims that house prices have increased at historically anomalous rates and that house prices have outpaced incomes. The first claim is based on inaccurate historical data. The second is linked to relaxed credit constraints. House prices are likely to fall further, but not for the reasons usually proposed.

Keywords: Housing; -; Prices (search for similar items in EconPapers)
Date: 2007

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