Mean Reversion in Housing Markets

Booms in house prices are usually followed by busts. This pattern is called "mean reversion." Mean reversion in housing markets has historically coincided with economic recessions across the world. Chapter 1 establishes mean reversion in U.S. data, and attempts to explain it using the dyna...

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Bibliographic Details
Main Author: Nathanson, Charles Gordon
Other Authors: Glaeser, Edward Ludwig
Language:en_US
Published: Harvard University 2014
Subjects:
Online Access:http://dissertations.umi.com/gsas.harvard:11404
http://nrs.harvard.edu/urn-3:HUL.InstRepos:12274618