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Title A Localized real estate bubble test
Author Hull, James Mitchell, Jr
Department Department of Economics and Business
Institution Colorado College
Degree Type bachelor
Degree Name Bachelor of Arts
Type of Resource text
Digital Origin reformatted digital
Date Accepted 2007
Date Digitized 2009
Abstract In the last ten years the stock market has witnessed the inflating of a "DOTCOM" bubble and its eventual burst. Within the last two years there has been overwhelming discussion of a price bubble in the housing market. The reasons vary from blaming Alan Greenspan to a severe shift in market psychology. But the majority of bubble tests do not take into account the localized nature of the housing market. This paper uses local housing price data from Colorado Springs, Colorado and uses regression analyses to compare prices to a group of variables. Combinations are exhausted of the variables per capita income, non-farm employment, vacant housing units, total housing units, net building permits, federal funds rate, and conventional mortgage rate. The most significant combination occurred with the conventional mortgage rate and net building permits. This combination does not significantly say whether of not there is a local real estate bubble in Colorado Springs.
Keywords Real estate
Housing bubble
Asset price bubbles
Rights Statement Copyright restrictions apply. Contact the author for permission to publish.
Extent ii, 62 p. : ill. ; 29 cm.
Note (thesis) Senior Thesis - Colorado College
Note (bibliography) Bibliography : p. 60-62
Publisher Colorado College
Place of Publication Colorado Springs, Colorado
Language eng
OCLC Identifier 162107848
Handle http://hdl.handle.net/10176/coccc:2967
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