Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions
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We construct measures of the annual cost of single-family housing for 46 metropolitan areas in the United States over the last 25 years and compare them with local rents and incomes as a way of judging the level of housing prices. Conventional metrics like the growth rate of house prices, the price
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美国国家经济研究局创建时间：
2005-09-01
