ARTÍCULO
TITULO

VOLATILE HOUSING PRICES, RESIDENTIAL INVESTMENTS AND THE BUSINESS CYCLES

Siwapong Uruyos    
Ahmad Chaman    
Nye Wusin    
Mario Phichinni    

Resumen

The housing markets have played an important role in driving macroeconomic fluctuations, especially during the recent financial crisis. Residential investment is a form of real estate investment that constitutes one of the world most valuable assets due to its durability. Housing investment is an important component of household wealth. There are a lot of factors that affect the demand and supply of housing investment. We investigate the correlation between housing dynamics and the business cycle for a variety of countries. Our empirical results exhibit the two daunting facts of the housing market, especially in the United States.

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