What Goes Up Must Come Down? : House Price Dynamics in the United States /

This paper estimates the evolution of equilibrium real home prices in the United States and finds that despite recent declines, single-family homes remained 8 to 20 percent overvalued as of the first quarter of 2008. In the short run, the gap between actual and equilibrium prices does not exert powe...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Klyuev, Vladimir
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2008.
Cyfres:IMF Working Papers; Working Paper ; No. 2008/187
Mynediad Ar-lein:Full text available on IMF