TheHousing Market Crash of 2007was the worst housing crash in U.S. history. The Housing Market Crash of 2007 was the cause of the financial crisis. This nearly caused the U.S. to experience another depression like the Great Depression. There are a number of things we can look at to det...
Dating such episodes of exuberance in housing markets provides a timeline as well as empirical content to the narrative connecting housing exuberance to the global 2008 −09 recession. For our empirical analysis, we employ two recursive univariate unit root tests recently developed by Phillips and ...
This study employs the supremum augmented Dicker–Fuller (SADF) and generalized supremum ADF (GSADF) tests to examine the Chinese housing market for the presence of bubbles from 2005 to 2016. We first employed a conventional right-tailed unit root test, and the results clearly suggest that housin...
In 1985 and 1990 the price was still affordable in many ways. Now the typical undergraduate timeline is four years (give or take a year). So if you want to price the home in terms of an actual bachelor’s degree you would...