Research on U.S. Housing Prices and the Real Estate Industry

DOI

10.2991/aebmr.k.220307.142How to use a DOI?

Keywords

Housing bubble; existing home sales; new home sales; supply and demand

Abstract

The U.S. housing prices have increased continuously during 2020 and 2021. Although the U.S. economy has been affected by the Covid-19 pandemic greatly, the housing price shows an up-forward trend. This paper researches whether the increasing housing price is a sign of a housing bubble like the bubble in 2006. The research is based on the analysis of the U.S. macroeconomic factors and the historical data. This paper suggests that there is no bubble in the U.S. housing market although the housing price has been increased over the years. On the contrary, the increasing housing price shows the resilience of the U.S. real estate market, and the real estate market is still a strong support for the U.S. economy.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Longyu Yang
PY  - 2022
DA  - 2022/03/26
TI  - Research on U.S. Housing Prices and the Real Estate Industry
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 881
EP  - 884
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.142
DO  - 10.2991/aebmr.k.220307.142
ID  - Yang2022
ER  -