Convergence in US house prices

Montañés, Antonio and Olmos, Lorena (2013): Convergence in US house prices.

Abstract

This paper analyses the convergence of US house prices. Our results confirm the existence of some degree of segmentation in the US housing market. We also provide robust evidence that the bursting of the housing price bubble has altered this market, observing different results when the sample includes information posterior to 2010. However, we appreciate different effects depending on the geographical level of disaggregation that is employed.

• Item Type: MPRA Paper
• Language: English
• Keywords: US Housing prices Convergence Clubs
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R2 - Household Analysis; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location

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