Second District House Prices: Why so Weak in the 1990s?
6 Pages Posted: 28 Jun 2007
Between 1990 and 1997, poor economic fundamentals and a prolonged hangover from excessively rapid growth in the 1980s caused house prices in the New York metropolitan area to grow much more slowly than prices nationwide; these factors played a smaller role in the decline of upstate New York's house prices relative to the nation's.
Keywords: house prices, speculative bubbles, New York
JEL Classification: R21, G12
Suggested Citation: Suggested Citation