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...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2008/187 |
| Accés en línia: | Full text available on IMF |