Federal Reserve Bank of Cleveland
What’s really going on in housing markets?
Most of the public concern about housing markets is based on claims that house prices have increased at historically anomalous rates and that house prices have outpaced incomes. The first claim is based on inaccurate historical data. The second is linked to relaxed credit constraints. House prices are likely to fall further, but not for the reasons usually proposed.
Cite this item
Morris A. Davis & François Ortalo-Magné & Peter Rupert, "What’s really going on in housing markets?"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Jul, 2007.
Keywords: Housing - Prices
This item with handle RePEc:fip:fedcec:y:2007:i:jul
is also listed on EconPapers
For corrections, contact 4D Library ()