July 2005, Dean Baker

This paper explains the basic facts about the current housing market. It lays out the evidence that the rise in housing prices constitutes a housing bubble — and explains what can be expected when it inevitably collapses.

Report pdf_small

Press Release

Site Maintenance

"The CEPR website currently takes longer to load than usual. We hope to have this and other issues addressed shortly. While this much needed site maintenance is taking place, our content is still available so please continue to slooowwwly surf the pages of our site. Thank you for your patience."