Time-Varying Housing Market Fluctuations: Evidence from the U.S. Housing Market
The objective of this paper is to investigate how the housing market and credit market factors contribute to US business and interest rate cycles in a time-varying transition probability modeling framework. The Markov switching results appear to exhibit periods of low-growth regime and highgrowth re...
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| Format: | Article |
| Language: | English |
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Sciendo
2020-06-01
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| Series: | Real Estate Management and Valuation |
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| Online Access: | https://doi.org/10.1515/remav-2020-0018 |