Speculation and Housing Prices
- 1 June 1988
- journal article
- research article
- Published by SAGE Publications in Urban Affairs Quarterly
- Vol. 23 (4) , 556-580
- https://doi.org/10.1177/004208168802300405
Abstract
The effect of short-term speculation on the stability of house prices is examined in this article. It describes speculative activity in the 1979-1981 Vancouver housing market. A series of regressions show that short-term speculators diminished rather than amplified price fluctuations. The dramatic swing in Vancouver's housing prices during the study period is explained by speculation on the part of all home buyers.Keywords
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