The US Housing ‘Bubble’ that Wasn’t
Some refreshing ‘bubble’ scepticism from Casey Mulligan:
Adjusted for inflation, residential property values were still higher at the end of 2009 than 10 years ago. This fact raises the possibility that at least part of the housing boom was an efficient response to market fundamentals.
posted on 06 May 2010 by skirchner in Economics, House Prices
(0) Comments | Permalink | Main
Next entry: The EMH Following the Mother of All Typos
Previous entry: Abusing the 2004 FOMC Minutes