House Prices, Fundamentals and Bubbles
This paper studies actual (real) house prices relative to fundamental (real) house values. Such a focus is warranted since housing constitutes a large fraction of most household portfolios, and its characteristics are such that, in contrast to what prevails in financial markets, arbitrage will be li...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
Wiley Blackwell
2006
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/3321 |