22
Views
15
CrossRef citations to date
0
Altmetric
Research-Article

Tests of Convergence and Long Memory Behavior in U.S. Housing Prices by State

, &

  • Alexander, C. and M. Barrow. Seasonality and Cointegration of Regional House Prices in the U.K. Urban Studies, 1994, 31:10, 1667-89. Seasonality and Cointegration of Regional House Prices in the U.K. Urban Studies 31 1667 89
  • Apergis, N. and J.E. Payne. Convergence in U.S. Housing Prices by State: Evidence from the Club Convergence and Clustering Procedure. Letters in Spatial and Resource Sciences, 2012, 5:2, 103-11. Convergence in U.S. Housing Prices by State: Evidence from the Club Convergence and Clustering Procedure Letters in Spatial and Resource Sciences 5 103 11
  • Ashworth, J. and S.C. Parker. Modelling Regional House Prices in the U.K. Scottish Journal of Political Economy, 1997, 44:3, 225-46. Modelling Regional House Prices in the U.K. Scottish Journal of Political Economy 44 225 46
  • Baillie, R.T. and G. Kapetanios. Testing for Neglected Nonlinearity in Long Memory Models. Journal of Business and Economic Statistics, 2007, 25:4, 447-61. Testing for Neglected Nonlinearity in Long Memory Models Journal of Business and Economic Statistics 25 447 61
  • Barros, C.P., L.A. Gil-Alana, and J.E. Payne. Comovements among U.S. State Housing Prices: Evidence from Fractional Cointegration. Economic Modelling, 2012, 29:3, 936-42. Comovements among U.S. State Housing Prices: Evidence from Fractional Cointegration Economic Modelling 29 936 42
  • Black, A., P. Fraser, and M. Hoseli. House Prices, Fundamentals and Bubbles. Journal of Business, Finance, and Accounting, 2006, 33:9-10, 1535-55. House Prices, Fundamentals and Bubbles Journal of Business, Finance, and Accounting 33 1535 55
  • Bourassa, S., P. Hendershott, and J. Murphy. Further Evidence on the Existence of Housing Market Bubbles. Journal of Property Research, 2001, 18:1, 1-19. Further Evidence on the Existence of Housing Market Bubbles Journal of Property Research 18 1 19
  • Burger, P. and L.J.V. Rensburg. Metropolitan House Prices in South Africa: Do They Converge? South African Journal of Economics, 2008, 76:2, 291-7. Metropolitan House Prices in South Africa: Do They Converge? South African Journal of Economics 76 291 7
  • Caporale, G.M. and L.A. Gil-Alana. Non-linearities and Fractional Integration in the U.S. Unemployment Rate. Oxford Bulletin of Economics and Statistics, 2007, 69:4, 521-44. Non-linearities and Fractional Integration in the U.S. Unemployment Rate Oxford Bulletin of Economics and Statistics 69 521 44
  • Case, K.E. and R.J. Shiller. The Efficiency of the Market for Single Family Homes. American Economic Review, 1989, 79:1, 125-37. The Efficiency of the Market for Single Family Homes American Economic Review 79 125 37
  • Chien, M.-S. Structural Breaks and the Convergence of Regional House Prices. Journal of Real Estate Finance and Economics, 2010, 40:1, 77-88. Structural Breaks and the Convergence of Regional House Prices Journal of Real Estate Finance and Economics 40 77 88
  • Cho, M. House Price Dynamics: A Survey of Theoretical and Empirical Issues. Journal of Housing Research, 1996, 7:2, 145-72. House Price Dynamics: A Survey of Theoretical and Empirical Issues Journal of Housing Research 7 145 72
  • Clapp, J.M. and D. Tirtiroglu. Positive Feedback Trading and Diffusion of Asset Price Changes: Evidence from Housing Transactions. Journal of Economic Behavior and Organization, 1994, 24:3, 337-55. Positive Feedback Trading and Diffusion of Asset Price Changes: Evidence from Housing Transactions Journal of Economic Behavior and Organization 24 337 55
  • Clark, S.P. and D. Coggin. Trends, Cycles, and Convergence in U.S. Regional House Prices. Journal of Real Estate Finance and Economics, 2009, 39:3, 264-83. Trends, Cycles, and Convergence in U.S. Regional House Prices Journal of Real Estate Finance and Economics 39 264 83
  • Coleman, M., M. LaCour-Little, and K. Vandell. Subprime Lending and the Housing Bubble. Tail Wags Dog? Journal of Housing Economics, 2008, 17:4, 272-90. Subprime Lending and the Housing Bubble. Tail Wags Dog? Journal of Housing Economics 17 272 90
  • Cook, S. The Convergence of Regional House Prices in the U.K. Urban Studies, 2003, 40:11, 2285-94. The Convergence of Regional House Prices in the U.K. Urban Studies 40 2285 94
  • Cook, S. Detecting Long-Run Relationships in Regional House Prices in the U.K. International Review of Applied Economics, 2005, 19:1, 107-18. Detecting Long-Run Relationships in Regional House Prices in the U.K. International Review of Applied Economics 19 107 18
  • Cook, S. and C. Thomas. An Alternative Approach to Examining the Ripple Effect in U.K. House Prices. Applied Economics Letters, 2003, 10:13, 849-51. An Alternative Approach to Examining the Ripple Effect in U.K. House Prices Applied Economics Letters 10 849 51
  • DiPasquale, D. and W.C. Wheaton. Housing Market Dynamics and the Future of Housing Prices. Journal of Urban Economics, 1994, 35:1, 1-27. Housing Market Dynamics and the Future of Housing Prices Journal of Urban Economics 35 1 27
  • Drake, L. Testing for Convergence between U.K. Regional House Prices. Regional Studies, 1995, 29:4, 357-66. Testing for Convergence between U.K. Regional House Prices Regional Studies 29 357 66
  • Gatzlaff, D. and D. Tirtiroglu. Real Estate Market Efficiency: Issues and Evidence. Journal of Real Estate Literature, 1995, 3:2, 157-92. Real Estate Market Efficiency: Issues and Evidence Journal of Real Estate Literature 3 157 92
  • Gil-Alana, L.A. Fractional Integration and Structural Breaks at Unknown Periods of Time. Journal of Time Series Analysis, 2008, 29:1, 163-85. Fractional Integration and Structural Breaks at Unknown Periods of Time Journal of Time Series Analysis 29 163 85
  • Giussani, B. and G. Hadjimatheou. Modeling Regional House Prices in the U.K. Papers in Regional Science, 1991, 70:2, 201-19. Modeling Regional House Prices in the U.K. Papers in Regional Science 70 201 19
  • Grenadier, S.R. The Persistence of Real Estate Cycles. Journal of Real Estate Finance and Economics, 1995, 10:2, 95-119. The Persistence of Real Estate Cycles Journal of Real Estate Finance and Economics 10 95 119
  • Gu, A.Y. The Predictability of House Prices. Journal of Real Estate Research, 2002, 24:3, 213-33. The Predictability of House Prices Journal of Real Estate Research 24 213 33
  • Gupta, R. and S.M. Miller. ‘Ripple Effects’ and Forecasting Home Prices in Los Angeles, Las Vegas, and Phoenix. Annals of Regional Science, 2012, 49:1, 763-82. ‘Ripple Effects’ and Forecasting Home Prices in Los Angeles, Las Vegas, and Phoenix Annals of Regional Science 49 763 82
  • Gupta, R. and S.M. Miller. The Time-Series Properties of House Prices: A Case Study of the Southern California Market. Journal of Real Estate Finance and Economics, 2012, 44:3, 339-61. The Time-Series Properties of House Prices: A Case Study of the Southern California Market Journal of Real Estate Finance and Economics 44 339 61
  • Himmelberg, C., C. Mayer, and T. Sinai. Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions. Journal of Economic Perspectives, 2005, 19:4, 67-92. Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions Journal of Economic Perspectives 19 67 92
  • Holmes, M. and A. Grimes. Is There Long-run Convergence among Regional House Prices in the U.K.? Urban Studies, 2008, 45:8, 1531-44. Is There Long-run Convergence among Regional House Prices in the U.K.? Urban Studies 45 1531 44
  • Holmes, M., J. Otero, and T. Panagiotidis. Investigating Regional House Price Convergence in the United States: Evidence from a Pair-Wise Approach. Economic Modelling, 2011, 28:6, 2369-76. Investigating Regional House Price Convergence in the United States: Evidence from a Pair-Wise Approach Economic Modelling 28 2369 76
  • Johnes, G. and T. Hyclak. House Prices, Migration, and Regional Labor Market. Journal of Housing Economics, 1994, 3:4, 312-29. House Prices, Migration, and Regional Labor Market Journal of Housing Economics 3 312 29
  • Kapetanios, G. and Y. Shin. Testing for Nonstationary Long Memory Against Nonlinear Ergodic Models. University of London Queen Mary Economics Working Paper No. 500, 2003.
  • Kim, S.-W. and R. Bhattacharya. Regional Housing Prices in the U.S.A.: An Empirical Investigation of Nonlinearity. Journal of Real Estate Finance and Economics, 2009, 38:4, 443-60. Regional Housing Prices in the U.S.A.: An Empirical Investigation of Nonlinearity Journal of Real Estate Finance and Economics 38 443 60
  • Kuethe, T.H. and V.O. Pede. Regional Housing Price Cycles: A Spatio-Temporal Analysis Using U.S. State Level Data. Regional Studies, 2011, 45:5, 563-74. Regional Housing Price Cycles: A Spatio-Temporal Analysis Using U.S. State Level Data Regional Studies 45 563 74
  • Larraz-Iribas, B. and J.-L. Alfaro-Navarro. Asymmetric Behaviour of Spanish Regional House Prices. International Advances in Economic Research, 2008, 14:4, 407-21. Asymmetric Behaviour of Spanish Regional House Prices International Advances in Economic Research 14 407 21
  • Lou, Z., C. Liu, and D. Picken. Housing Price Diffusion Patterns of Australia's State Capital Cities. International Journal of Strategic Property Management, 2007, 11:4, 227-42. Housing Price Diffusion Patterns of Australia's State Capital Cities International Journal of Strategic Property Management 11 227 42
  • MacDonald, R. and M.P. Taylor. Regional House Prices in Britain: Long-Run Relationships and Short-Run Dynamics. Scottish Journal of Political Economy, 1993, 40:1, 43-55. Regional House Prices in Britain: Long-Run Relationships and Short-Run Dynamics Scottish Journal of Political Economy 40 43 55
  • Miles, W. Boom-Bust Cycles and the Forecasting Performance of Linear and Nonlinear Models of House Prices. Journal of Real Estate Finance and Economics, 2008, 36:3, 249-64. Boom-Bust Cycles and the Forecasting Performance of Linear and Nonlinear Models of House Prices Journal of Real Estate Finance and Economics 36 249 64
  • Meen, G. Regional House Prices and the Ripple Effect: A New Interpretation. Housing Studies, 1999, 14:6, 733-53. Regional House Prices and the Ripple Effect: A New Interpretation Housing Studies 14 733 53
  • Ohanissian, A., J.R. Russell, and R.S. Tsay. True or Spurious Long Memory? A New Test. Journal of Business and Economic Statistics, 2008, 26:2, 161-75. True or Spurious Long Memory? A New Test Journal of Business and Economic Statistics 26 161 75
  • Oikarinen, E. The Diffusion of Housing Price Movements from Centre to Surrounding Areas. Journal of Housing Research, 2006, 15:1, 3-28. The Diffusion of Housing Price Movements from Centre to Surrounding Areas Journal of Housing Research 15 3 28
  • Pollahowski, H.O. and T.S. Ray. Housing Price Diffusion Patterns at Different Aggregation Levels: An Examination of Housing Market Efficiency. Journal of Housing Research, 1997, 8: 1, 107-24. Housing Price Diffusion Patterns at Different Aggregation Levels: An Examination of Housing Market Efficiency Journal of Housing Research 8 107 24
  • Robinson, P.M. Efficient Tests of Nonstationary Hypotheses. Journal of the American Statistical Association, 1994, 89:428, 1420-37. Efficient Tests of Nonstationary Hypotheses Journal of the American Statistical Association 89 1420 37
  • Rosenthal, L. Regional House Price Interactions in the U.K., 1975-1981: A Cross-Spectral Analysis. Applied Economics, 1986, 18:9, 1011-23. Regional House Price Interactions in the U.K., 1975-1981: A Cross-Spectral Analysis Applied Economics 18 1011 23
  • Stevenson, S. House Price Diffusion and Inter-Regional and Cross-Border House Price Dynamics. Journal of Property Research, 2004, 21:4, 301-20. House Price Diffusion and Inter-Regional and Cross-Border House Price Dynamics Journal of Property Research 21 301 20
  • Tirtiroglu, D. Efficiency in Housing Markets: Temporal and Spatial Dimensions. Journal of Housing Economics, 1992, 2:3, 276-92. Efficiency in Housing Markets: Temporal and Spatial Dimensions Journal of Housing Economics 2 276 92
  • Zohrabyan, T., D. Leatham, and D. Bessler. Cointegration Analysis of Regional House Prices in U.S. Proceedings: 2007 Agricultural and Rural Finance Markets in Transition. Regional Research Committee NC-1014, St. Louis, Missouri, 2008.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.