Silicon Valley or Death Valley
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Paper No. 86256
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A review of the US housing market in relation to the bubble concept.
675 words; 1 sources;
This paper discusses the nature of the housing market across the US and in particular the warnings of a looming bubble market. The bubble concept is more fully explained in this paper and the authors go on to support their suppositions through quantitative research based on housing prices and median incomes. Additionally, they collect qualitative research in the form of surveys from homeowners/home buyers and relate this data to the market statistics. The final analysis of this paper, is that some aspects of a bubble market exist but that the concept of bubble is more related to perception than reality.
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