Housing Markets and the Economy: The Assessment.
Housing markets have multiple interactions with the rest of the economy and these are surveyed in this paper. The drivers of house prices include income, the housing stock, demography, credit availability, interest rates, and lagged appreciation, the latter a potential mechanism for overshooting. Th...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2008
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