The often volatile behaviour of UK house prices between 1957 and 1994 is analysed in an
annual econometric model. Theory suggests that financial liberalisation of mortgage markets …

This paper provides an empirical analysis of changes in real house prices in the USA using
State level data. It examines the extent to which real house prices at the State level are …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

At first sight, data on real house prices in the USA and the UK appear to suggest that
behavior has differed over time in the two countries at both the national and subnational …

This chapter examines certain of the developments in the application of economic theory
and in empirical and policy analysis with respect to housing markets in general and urban …

It is argued that the notion of housing careers has an important potential role in integrating
the diverse theoretical perspectives which characterise research into residential mobility and …

Spatial fixity is one of the characteristics that distinguishes housing from most other goods
and services in the economy. In general, housing cannot be moved from one part of the …

This article analyzes the mechanism by which changes in the supply of developable land
affect housing prices and housing output. The objective is to determine whether a sudden …

Using a data set from 1939 to 1994, we are able to provide a much longer perspective on
the behaviour of house prices in the UK than is common in the literature. This allows us to …

Maximum likelihood cointegration methods are used to analyse the determinants of house
prices in each of the eleven regions of the UK. Broad similarities in the structure of house …