Journal Article
Smart money or dumb money: investors' role in the housing bubble
Abstract: To explain the historic housing boom and bust, most analysis has identified easy credit in the form of low interest rates, subprime mortgages, and relaxed qualifications for borrowers. But as Wenli Li explains, recent research suggests an additional factor: real estate speculation.
Keywords: Housing bubble; Real estate speculation;
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Business Review
Publication Date: 2015
Issue: Q1
Pages: 21-26