Do house prices reflect fundamentals? Aggregate and panel data evidence

0326705 - NHÚ 2010 RIV US eng J - Journal Article
Mikhed, V. - Zemčík, Petr
Do house prices reflect fundamentals? Aggregate and panel data evidence.
Journal of Housing Economics. Roč. 18, č. 2 (2009), s. 140-149. ISSN 1051-1377. E-ISSN 1096-0791
R&D Projects: GA MŠMT LC542
Institutional research plan: CEZ:AV0Z70850503
Keywords : house prices * panel data * cointegration
Subject RIV: AH - Economics
Impact factor: 0.946, year: 2009

We investigate whether recently high and consequently rapidly decreasing U.S. house prices have been justified by fundamental factors such as personal income, population, house rent, stock market wealth, building costs, and mortgage rate.
Permanent Link: http://hdl.handle.net/11104/0173723