Bubbles in US regional house prices: evidence from house price–income ratios at the State level
We investigate the presence of bubbles in the US house price-income ratio at the State level by applying the recent time series based econometric test to data from January 1975 to December 2014. We find evidence of bubbles in several States in the 1980s (i.e. California, Hawaii, Massachusetts, New Y...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Routledge
2018
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| Online Access: | http://hdl.handle.net/20.500.11937/67199 |