| 000 | 01087cab a2200193 4500 | ||
|---|---|---|---|
| 001 | ##L135134 | ||
| 008 | 060926n2006 000 0 eng u | ||
| 035 | _a(Sirsi) u135134 | ||
| 041 | 0 | _aeng | |
| 100 | 1 | _aGallin, Joshua | |
| 245 | 0 | 4 |
_aThe long-run relationship between house prices and income _bevidence from local housing markets |
| 260 | _c2006 | ||
| 490 | 0 |
_aReal Estate Economics _v34(3) 2006, 417-438(22) |
|
| 520 | _aExamines the argument that house prices are related to income, in that where house price rises exceed rises in income levels, house prices are seen as being out of line with fundamentals and a stagnation or fall in house prices is expected, to allow income to catch up. Concludes that there is little evidence for such a cointegration of house prices and fundamentals in that the level of house prices does not seem to have a stable long-term equilibrium relationship with the level of fundamentals such as income. | ||
| 590 | _aIKA031006 | ||
| 651 | 4 | _aUNITED STATES | |
| 690 | _aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY MARKET | ||
| 942 | _n0 | ||
| 999 |
_c77799 _d77799 |
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