Second District House Prices: Why so Weak in the 1990s?

6 Pages Posted: 28 Jun 2007

See all articles by Matthew Higgins

Matthew Higgins

Federal Reserve Bank of New York

Carol L. Osler

Brandeis University - International Business School

Anjali Sridhar

affiliation not provided to SSRN

Abstract

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

Higgins, Matthew and Osler, Carol L. and Sridhar, Anjali, Second District House Prices: Why so Weak in the 1990s?. Current Issues in Economics and Finance, Vol. 5, No. 2, January 1999. Available at SSRN: https://ssrn.com/abstract=996840

Matthew Higgins (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Carol L. Osler

Brandeis University - International Business School ( email )

Mailstop 32
Waltham, MA 02454-9110
United States
781-736-4826 (Phone)

Anjali Sridhar

affiliation not provided to SSRN ( email )

No Address Available

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