Housing market segmentation: An application of convergence tests to Los Angeles region housing

Craig A. Gallet ()

The Annals of Regional Science, 2004, vol. 38, issue 3, 561 pages

Abstract: Various techniques have been offered to measure the extent of a market. This paper uses a technique that has gained momentum in the economic growth literature, namely time-series convergence, to identify housing markets in the LA region. Using single-family housing price data over the 1992:1 to 2001:3 period, we find that convergence of housing prices is specific to various county clusters. This suggests that there are unique housing markets throughout the LA region. Copyright Springer-Verlag 2004

Keywords: L10; R31 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (11)

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DOI: 10.1007/s00168-003-0140-2

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