What economics has to say about housing bubbles
- Written by Timo Henckel, Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
Rapid rise of Australian house prices have created disagreement between economists on whether a housing bubble currently exists. Brian Birdwell/flickr, CC BY-NC-NDThe b-word is doing the rounds, barely a decade after the United States house price bubble burst spectacularly, setting in motion a global financial crisis. As Australian real estate...