Florida Metropolitan Housing Markets: Examining Club Convergence and Geographical Market Segmentation

Nicholas Apergis () and James Payne

Journal of Housing Research, 2019, vol. 28, issue 2, 145-163

Abstract: This study explores the convergence of housing prices for 21 metropolitan areas within the state of Florida for the quarterly period 1987:2 to 2017:3. The examination of house price differentials between metropolitan and state-level house prices using a battery of univariate and panel unit root testing approaches yielded mixed results with respect to the presence of convergence. However, the Phillips-Sul (2007; 2009) club convergence approach identifies four distinct convergence clubs for metropolitan area house prices within Florida with a relatively clear geographical segmentation of the housing market.

Date: 2019
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DOI: 10.1080/10527001.2019.1769966

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