"U.S. House Price Dynamics and Behavioral Economics"
Policymaking Insights on Behavioral Economics
Editor(s): Christopher L. Foote, Lorenz Goette, and Stephan Meier
© Federal Reserve Bank of Boston, September 2007
Publication type: Chapter
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.
Each author name for a Columbia Business School faculty member is linked to a faculty research page, which lists additional publications by that faculty member.
Each topic is linked to an index of publications on that topic.