Research: "How Low Can House Prices Go?"

An FHFA paper from Alex Bogin, Senior Economist; Stephen Bruestle, Lecturer; William M. Doerner, Senior ?Economist How Low Can House Prices Go? Estimating a Conservative Lower Bound The researchers have developed a conservative lower bound (CLB) for house prices. This tool could be used as part of stress testing banks (and could be applied to other countries like Canada and Australia that might have housing bubbles right now). Abstract: We develop a theoretically-based statistical technique to identify a conservative lower bound for house prices. Leveraging a model based upon consumer and......(read more)

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