Munich Personal RePEc Archive

Convergence in US house prices

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

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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.

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