How Housing Slumps End.
We construct a simple probit model of the determinants of real house price slump endings. We find that the probability of a house price slump ending is higher, the smaller was the pre-slump house price run-up; the greater has been the cumualtive house price decline; the lower are real mortgage inte...
| Príomhchruthaitheoirí: | , , |
|---|---|
| Formáid: | Working paper |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Department of Economics (University of Oxford)
2011
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