New study reveals why housing booms and busts are built into the system
A new study shows that the ups and downs in house prices are far more dramatic than most people think—and that government policies play a big role in making them happen. The researchers analyzed housing markets in 23 OECD countries from 1990 to 2019. They found that during boom-and-bust periods, hou...
Image: Phys.org
A new study shows that the ups and downs in house prices are far more dramatic than most people think—and that government policies play a big role in making them happen. The researchers analyzed housing markets in 23 OECD countries from 1990 to 2019. They found that during boom-and-bust periods, house prices changed by almost 6% a year, compared to a long-term trend of just 2.6%.
Originally published at Phys.org
