Real estate and mortgage crisis : a study on the United States

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buir.advisorYiğit, Taner
dc.contributor.authorKarataş, Bilge
dc.date.accessioned2016-01-08T18:10:29Z
dc.date.available2016-01-08T18:10:29Z
dc.date.issued2009
dc.descriptionAnkara : The Department of Economics, Bilkent University, 2009.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2009.en_US
dc.descriptionIncludes bibliographical references leaves 39-41.en_US
dc.description.abstractLike every asset price boom, the US Real Estate Boom expanded the economy until the burst occurred. Although the existence of an “irrational” boom was apparent, it has been questioned whether the increase suggested a bubble. This thesis analyzes the evolution of the US Real Estate Crisis and suggests that the real estate price increase was a bubble. A time series analysis is performed for the years 1990-2006, using monthly data on the US house prices, consumer prices, income per capita, population, unemployment rate, mortgage rate and housing starts. The results indicate that consumer prices and income per capita explain the trend in the housing prices, prior to the bubble. During the bubble, except population the fundamentals fall short in explaining the housing prices.en_US
dc.description.provenanceMade available in DSpace on 2016-01-08T18:10:29Z (GMT). No. of bitstreams: 1 0003843.pdf: 348040 bytes, checksum: 9cabf058ecaa8514e1f1cfa130e74bb4 (MD5)en
dc.description.statementofresponsibilityKarataş, Bilgeen_US
dc.format.extentvii, 48 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/14893
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectReal Estate Pricesen_US
dc.subjectMortgage Crisisen_US
dc.subject.lccHG2040.5.U5 K37 2009en_US
dc.subject.lcshMortgage loans--United States.en_US
dc.subject.lcshHousing--United States--Finance.en_US
dc.subject.lcshReal property--United States--Finance.en_US
dc.subject.lcshSubprime mortgage loans--United States.en_US
dc.subject.lcshFinancial crises--United States.en_US
dc.titleReal estate and mortgage crisis : a study on the United Statesen_US
dc.title.alternativeGayrimenkul ve mortgage krizi Amerika Birleşik Devletleri üzerine bir çalışmaen_US
dc.typeThesisen_US
thesis.degree.disciplineEconomics
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMA (Master of Arts)

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