January 2004, Dean Baker

This paper examines the recent run-up in home prices, which grew especially quickly in New England. It points out that this rise is not connected to market fundamentals and is more likely the result of a bubble.

Report pdf_small

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."