… We estimate an indicator of housing services based only on the ranking of house prices in
… for measuring (potentially) diverging house prices that is based on the concept of housing …

… Using a common measure of divergence based on ten-year … , we show that house prices
and regional divergence are even … divergence, as commonly measured, and house prices are …

… We focus on convergence measures that use Melbourne … sale house price indexes as
a unit of measurement. We find that house prices diverge, and so the gap between low-priced …

… are unsuitable for inclusion in official price statistics. The divergence holds not only at the …
, and is robust across different house price and rent measures. But transactions costs matter: …

… From the visual inspection, we suspect that housing prices in the US may generally be
diverging. … are based on the House Price Index (HPI) data, a broad measure of the movement of …

… of two distinct types of equations called the measurement and transition equations. Together …
, we see that the divergence was dramatically accentuated by the house price boom of the …

… First, do regional prices converge or diverge in each country… prices in the economy, then
long-run real house prices would … , real prices are found to be nonstationary (and measurement …

… The authors have also developed a measure of personal income, which we will employ to …
This of course could lead to home value cycles diverging rather than converging. At the same …

… The accurate measurement f real estate price change is imp … frequently cite measurement
err r in real estate prices as the … the evident divergence in these series, as sh wn in Figure 5. …

… data set on housing prices and characteristics for … house prices are converging or diverging
over time across regions. We find evidence of convergence during the boom and divergence …