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Bubbles in Metropolitan Housing Markets

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NBER1994-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4774
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A commonsense and empirically supported approach to explaining metropolitan real house price changes is for the theory to describe an equilibrium price level to which the market is constantly adjusting. The determinants of real house price appreciation, then, can be divided into two groups, one that
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1994-06-01
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