Property cycle
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A property cycle is a sequence of recurrent events reflected in demographic, economic and emotional factors that affect supply and demand for property subsequently influencing the property market.[1][2] Cyclical patterns are a well-documented and consistent feature of housing markets.[3]
See also
[edit]References
[edit]- ^ Derksen, J. B. D. (1940). "Long Cycles in Residential Building: An Explanation". Econometrica. 8 (2): 97–116. doi:10.2307/1907030. ISSN 0012-9682.
- ^ Duca, John V.; Muellbauer, John; Murphy, Anthony (2021). "What Drives House Price Cycles? International Experience and Policy Issues". Journal of Economic Literature. 59 (3): 773–864. doi:10.1257/jel.20201325. ISSN 0022-0515.
- ^ Murphy, Alvin (2018). "A Dynamic Model of Housing Supply" (PDF). American Economic Journal: Economic Policy. 10 (4): 243–267. doi:10.1257/pol.20150297. ISSN 1945-7731. Archived from the original on November 21, 2014.
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