Convergence in US house prices

Antonio Montañés and Lorena Olmos ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyses the convergence of US house prices. Our results confirm the existence of some degree of segmentation in the US housing market. We also provide robust evidence that the bursting of the housing price bubble has altered this market, observing different results when the sample includes information posterior to 2010. However, we appreciate different effects depending on the geographical level of disaggregation that is employed.

Keywords: US; Housing; prices; Convergence; Clubs (search for similar items in EconPapers)
JEL-codes: C22 R2 R3 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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Journal Article: Convergence in US house prices (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:48454

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