Existing research does not yet provide a crisp definition of a housing bubble nor does it allow researchers to predict where or when bubbles can occur. 展开 关键词: housing cycles housing market efficiency DOI: 10.1146/annurev.economics.012809.103822 被引量: 165 ...
All this unprecedented fiscal and monetary stimulus also ignited inflation, and so rates are rising in response. Bubble #3 is already deflating, at least by the measure of new home prices. But the current bubble has a number of dynamics that weren’t big factors in previous bubbles. One is...
BubbleThis paper examines the inflation in housing prices between 1998 and 2005 and investigates whether this run-up in prices can be "explained" by increasWheaton, William CNechayev, GlebSocial Science Electronic PublishingWheaton, W. C. and G. Nechayev. 2008. "The 1998-2005 Housing 'Bubble'...
As explained by Greenaway-McGrevy and Phillips (2016), a housing price transmission period indicated that these markets are connected during this period, and if a bubble rises, that will lead to bubble contagion. From Greenaway-McGrevy and Phillips (2016), the time-varying coefficient δ is ...
“Dawn Reichel puts it like this: ‘My house got stolen in the housing bubble.’ It wasn’t just any house. It was Reichel’s family home. The roof she’d grown up living under. Her parents had given it to her and her husband when they’d moved out. Now she was losing her inher...
Bloomberg mentioned Fannie Mae and Freddie Mac, but only in passing. This is troubling because these two government-created entities, as explained in this video,deserve much of the blamefor both the bubble and the subsequent crisis. Yes, the Federal Reservealso deserves criticismfor flooding the ...
How do they stack up against the most splendid housing bubble in America? Holy cow! Canadian housing markets are in a category of their own. No housing market in the US – no matter how crazy Housing Bubble 1 was, which began to implode in 2006, or how crazy Housing Bubble 2 is or ...
Did You Enjoy The Post? Subscribe to Dr. Housing Bubble’s Blog to get updated housing commentary, analysis, and information 28 Jul, 2008 AAARRRRGGGHHHHH! Sorry, just had to get that out. Wait… AAAARRRRRGGGGHH...
We document that the excess liquidity measured by the subprime mortgage and the speculative activity as measured by the variation of house prices explained by the past increases in prices cause the bubble formation. Our data also shows that the states with the greater use of subprime mortgages ...
the very high growth rates of Chinese house prices need to be kept in perspective. For example, the 1995–2005 U.S. housing boom saw real prices increase by about 50% at the national level, with so-called ‘bubble markets’ such as Las Vegas, Phoenix and Miami escalating by from 100%...