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The Housing Bubble in New England

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Publication Date: January 2004

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Social conditions (Housing)

Keywords: House Price Index (HPI); Rental market; Home equity

Type: Report

Coverage: United States

Abstract:

This paper examines the recent run-up in home prices, which grew especially quickly in New England. It points out that this rise is not connected to market fundamentals and is more likely the result of a bubble.