A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Detecting Imbalances in House Prices: What Goes up Must Come Down?
With the aid of econometric modeling, I investigate whether rapidly increasing house prices necessarily imply the existence of a bubble that will eventually burst. I consider four alternative econometric methods to construct indicators of housing market imbalances for the US, Finland and Norway. The four approaches are used to study if house prices in these countries in the 2000s can be explained by underlying economic fundamentals, or whether the developments are best characterized by bubble-dynamics. For the US, all measures unanimously suggest a bubble in the early to mid 2000s, whereas current US house prices are found to be aligned with economic fundamentals. Only one of the measures indicate imbalances in the Finnish housing market, while none of the measures suggest a bubble in Norway. ; publishedVersion
Detecting Imbalances in House Prices: What Goes up Must Come Down?
With the aid of econometric modeling, I investigate whether rapidly increasing house prices necessarily imply the existence of a bubble that will eventually burst. I consider four alternative econometric methods to construct indicators of housing market imbalances for the US, Finland and Norway. The four approaches are used to study if house prices in these countries in the 2000s can be explained by underlying economic fundamentals, or whether the developments are best characterized by bubble-dynamics. For the US, all measures unanimously suggest a bubble in the early to mid 2000s, whereas current US house prices are found to be aligned with economic fundamentals. Only one of the measures indicate imbalances in the Finnish housing market, while none of the measures suggest a bubble in Norway. ; publishedVersion
Detecting Imbalances in House Prices: What Goes up Must Come Down?
Anundsen, André K. (author)
2016-01-01
28
Paper
Electronic Resource
English
DDC:
720
| British Library Online Contents | 2014
Online Contents | 1999
What goes up must come down: impacts of deposition in a sulfate geoengineering scenario
| DOAJ | 2020
What Goes Up Must Come Down: The Combat of Impulses in Italian Futurism and Rationalism
| DOAJ | 2005
What goes in must come out: the oceanic outgassing of anthropogenic carbon
| DOAJ | 2024