Are Home Prices the Next “Bubble”?

By Stephen M. Horan. 2005

247 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Testing for Bubbles in Housing Markets: A Panel Data Approach (2009, background): “McCarthy and Peach (2004) argue using aggregate data that there is no bubble in the U.S. market.”
Measuring Housing Affordability: Looking Beyond the Median (2009, unknown): “We set α at 0.27 – the value used by McCarthy and Peach (2004) for the US.”
Explosive bubbles in house prices? Evidence from the OECD countries (2015, unknown): “During the boom period several observers, most notably Shiller (2005), raised the possibility that a bubble was driving US house prices, while others, e.g. Himmelberg et al (2005), McCarthy and Peach (2004), and Krainer and Wei (2005), argued that the US housing market was not inflated by a bubble.”
Do House Prices Reflect Fundamentals? Aggregate and Panel Data Evidence (2009, unknown): “For example, McCarthy and Peach (2004) suggested that there was no bubble in the U.S. housing market and that changes in house prices reflected movements in personal income and nominal mortgage rates.”