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Publication Date: January 2004
Publisher: Center for Economic and Policy Research
Author(s): Dean Baker
Research Area: Social conditions
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.