English, Article edition: Productivity swings and housing prices James A. Kahn

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Bookmark: http://trove.nla.gov.au/version/156685
Physical Description
  • article
Language
  • English

Edition details

Title
  • Productivity swings and housing prices
Author
  • James A. Kahn
Physical Description
  • article
Notes
  • The housing boom and bust of the last decade, often attributed to "bubbles" and credit market irregularities, may owe much to shifts in economic fundamentals. A resurgence in productivity that began in the mid-1990s contributed to a sense of optimism about future income that likely encouraged many consumers to pay high prices for housing. The optimism continued until 2007, when accumulating evidence of a slowdown in productivity helped dash expectations of further income growth and stifle the boom in residential real estate.>
  • Consumer behavior ; Housing - Prices ; Productivity
  • RePEc:fip:fednci:y:2009:i:feb:n:v.15no.3
Language
  • English
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