Price Exuberance and Contagion across Housing Markets: Evidence from US Metropolitan Areas
(2022)
Journal Article
Chowdhury, M. S. R., Damianov, D. S., & Escobari, D. (2022). Price Exuberance and Contagion across Housing Markets: Evidence from US Metropolitan Areas. Journal of Real Estate Finance and Economics, https://doi.org/10.1007/s11146-022-09925-w
Contagion occurs when cross-market correlation increases because of a shock to one market. Identifying shocks as episodes of house price exuberance, we provide evidence for contagion effects among the largest metropolitan markets in the US. We find t... Read More about Price Exuberance and Contagion across Housing Markets: Evidence from US Metropolitan Areas.