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dc.contributor.authorMiles, William
dc.date.accessioned2017-05-25T20:33:03Z
dc.date.available2017-05-25T20:33:03Z
dc.date.issued2013
dc.identifier.citationWilliam Miles. 2013. Bubbles, Busts, Breaks, and Segmentation. Journal of Housing Research: 2013, Vol. 23, No. 1, pp. 57-72
dc.identifier.issn0896-5803
dc.identifier.urihttp://aresjournals.org/doi/abs/10.5555/jhor.23.1.d2671141g71n82rt
dc.identifier.urihttp://hdl.handle.net/10057/13177
dc.descriptionClick on the URL link to access the article (may not be free).
dc.description.abstractGiven the recent turmoil in the housing market in the United States, several papers have examined whether price dynamics in municipalities displayed a structural change, which would suggest bubble and bust behavior. Some papers, however, either impose a particular break date or examine only a small subset of American cities. In this paper, I employ a more comprehensive set of tests for breaks in price parameters. I find significant breaks in some of the more prominent bubble cities in the mid-to-late 2000s, which indicates a boom-bust cycle. However, in many smaller MSAs, no such breaks occurred, signifying a high level of segmentation in the U.S. housing market.
dc.language.isoen_US
dc.publisherAmerican Real Estate Society
dc.relation.ispartofseriesJournal of Housing Research;v.23:no.1
dc.subjectPrices
dc.subjectEconomic bubbles
dc.subjectCities
dc.subjectHousing
dc.subjectEconomic busts
dc.subjectHousing market
dc.subjectMarket prices
dc.subjectEconomic inflation
dc.subjectPrincipal components analysis
dc.subjectReal estate economics
dc.titleBubbles, busts, breaks, and segmentation
dc.typeArticle
dc.rights.holderCopyright 2013 by American Real Estate Society


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