Is There a Bubble in the Housing Market?

By Karl E. Case, Robert J. Shiller. 2003

1,415 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4a6d431bfab2a44f452a86480a0eb1ae36afaa84

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Citations in the corpus

Price-volume Correlation in the Housing Market: Causality and Co-movements (2010, background): “These phenomena generate a lot of discussion regarding whether the US has been in a “housing bubble” (see, e.g., Case and Shiller 2003 ).”
Getting Up to Speed on the Financial Crisis: a One-Weekend-Reader's Guide (2012, background): “International Monetary Fund.”
Risks in China's Financial System (2018, positive): “, Case and Shiller (2003), Gennaioli, Shleifer, and Vishny (2015), Barberis, Greenwood, Jin, and Shleifer (2016). Through such expectations, the housing market risk is also ultimately driven by the economic growth risk. If the Chinese economy can maintain a high growth rate, which has slowed to 6.9%”
What is the role of the asking price for a house (2016, background): “Case and Shiller (1998, 2003) report high levels of acceptance in both years of their survey.”
Art and Money (2011, positive): “The studies in this field have at times related house prices to per capita income, for example to investigate whether real estate can be considered ov rpriced (Case and Shiller, 2003).”
Aging Baby Boomers and the Generational Housing Bubble: Foresight and Mitigation of an Epic Transition (2008, background): “Recent discussion of the housing market has focused on price escalation and the creation of a housing “bubble” ( Case & Shiller, 2003 ).”
Housing Bubbles: A Survey (2011, positive): “" Case & Shiller (2003) use a similar definition for housing.”
Is there a Bubble in the Chinese Housing Market? (2010, background): “An asset price bubble is a price acceleration that cannot be explained in terms of the underlying fundamental conditions (Flood & Hodrick, 1990; Case & Shiller, 2003).”
Do House Prices Reflect Fundamentals? Aggregate and Panel Data Evidence (2009, neutral): “Case and Shiller [2003] are more in favor of the existence of a speculative bubble in some regional U.”
Thought and Behavior Contagion in Capital Markets (2008, neutral): “2Insightful discussions of ‘popular models’ in finance are provided by Shiller (1990), Case and Shiller (2003), and Shiller (2007a, 2007b).”