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| Title |
A Localized real estate bubble test
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| Author |
Hull, James Mitchell, Jr
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| Department |
Department of Economics and Business
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| Institution |
Colorado College
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| Degree Type |
bachelor
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| Degree Name |
Bachelor of Arts
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| Type of Resource |
text
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| Digital Origin |
reformatted digital
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| Date Accepted |
2007
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| Date Digitized |
2009
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| 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.
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| Keywords |
Real estate
Housing bubble
Asset price bubbles
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| Rights Statement |
Copyright restrictions apply. Contact the author for permission to publish.
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| Extent |
ii, 62 p. : ill. ; 29 cm.
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| Note (thesis) |
Senior Thesis - Colorado College
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| Note (bibliography) |
Bibliography : p. 60-62
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| Publisher |
Colorado College
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| Place of Publication |
Colorado Springs, Colorado
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| Language |
eng
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| OCLC Identifier |
162107848
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| Handle |
http://hdl.handle.net/10176/coccc:2967
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| Attached Files |
| Name |
Description |
MIMEType |
Size |
Downloads |
Hull_Thesis_A1b.pdf
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master |
application/pdf |
Bytes |
0 |
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