Add to ORKGThis paper looks at a broad array of evidence concerning the recent boom in home prices, and considers what this means for future home prices and the economy. It does not appear possible to explain the boom in terms of fundamentals such as rents or construction costs. A psychological theory, that represents the boom as taking place because of a feedback mechanism or social epidemic that encourages a view of housing as an important investment opportunity, fits the evidence better. Three case studies of past booms are considered for comparison: the US housing boom of 1950, the US farmland boom of the 1970s, and the temporary interruption 2004-5 of the UK housing boom.home ownership, housing prices, UK housing, US housing
Housing prices have increased at a historically fast pace since the late 1990s in most developed nat...
Housing prices have increased at a historically fast pace since the late 1990s in most developed nat...
Over much of the past 25 years, the cycles of house price and consumption growth have been closely s...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper develops a growth model with land and housing services that explains much of the amplitud...
This paper describes six stylized patterns among housing markets in the United States that potential...
The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an annual econo...
The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an annual econo...
This paper examines the historical record of UK house prices to establish if there is evidence to su...
The recent rise and subsequent decline of housing prices, both in Florida and across the nation, hav...
The United States experienced a remarkable boom and bust in house prices in the 2000s. According to ...
Housing prices have increased at a historically fast pace since the late 1990s in most developed nat...
Housing prices have increased at a historically fast pace since the late 1990s in most developed nat...
Over much of the past 25 years, the cycles of house price and consumption growth have been closely s...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper looks at a broad array of evidence concerning the recent boom in home prices, and conside...
This paper develops a growth model with land and housing services that explains much of the amplitud...
This paper describes six stylized patterns among housing markets in the United States that potential...
The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an annual econo...
The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an annual econo...
This paper examines the historical record of UK house prices to establish if there is evidence to su...
The recent rise and subsequent decline of housing prices, both in Florida and across the nation, hav...
The United States experienced a remarkable boom and bust in house prices in the 2000s. According to ...
Housing prices have increased at a historically fast pace since the late 1990s in most developed nat...
Housing prices have increased at a historically fast pace since the late 1990s in most developed nat...
Over much of the past 25 years, the cycles of house price and consumption growth have been closely s...