Explaining recent changes in home prices

Richard Rosen

Chicago Fed Letter, 2005, issue Jul, No 216

Abstract: The increase in housing prices in the past ten years can largely be explained by falling mortgage interest rates and changes in household income. This article offers some projections of what might happen to housing prices if mortgage rates increase.

Keywords: Housing - Prices; Mortgages (search for similar items in EconPapers)
Date: 2005
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