Posted by ludw1086 on Mar 5, 2013 in Blog | Comments Off on An Indicator of Bubbles in the Housing Market
The housing bubble of 2008 was created by a crowd rushing into the housing market. Some have argued that there was no way to determine whether there was a bubble in housing, yet in the Crisis of Crowding, a few simple measures are shown that help indicate that the housing market had become relatively very expensive by 2007. The measure is very simple. It considers mortgage rates, housing...
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