House prices Interesting things to note from last lecture: Big swings in many countries Peaks near business cycles Timing of peaks across countries House prices Measures of valuation House Prices to Disposable Income House Prices to Rents (Price/Earnings)
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Interesting things to note from last lecture:
Measures of valuation
Results (Charts 3.1-3.11)
Both House prices and other macro variables move with business cycle. Could be that:
What could move house prices outside of the business cycle?