Abstract
There has been considerable debate in recent years regarding the role of behavioral factors in determining housing prices. The question of whether psychology matters in the housing market has been settled long ago: the answer is yes. Rather, economists are now debating in what ways psychology impacts market behavior and how large an effect this impact has on housing prices.
Full Citation
.
“U.S. House Price Dynamics and Behavioral Economics.”
In
Policymaking Insights on Behavioral Economics
,
edited by ,
261
-95
.
Boston, MA
:
Federal Reserve Bank of Boston
,
2007.