Florida metropolitan housing markets: examining club convergence and geographical market segmentation
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AbstractThis study explores the convergence of housing prices for 21 metropolitan areas within the state of Florida for the quarterly period 1987:2 to 2017:3. The examination of house price differentials between metropolitan and state-level house prices using a battery of univariate and panel unit root testing approaches yielded mixed results with respect to the presence of convergence. However, the Phillips-Sul (2007; 2009) club convergence approach identifies four distinct convergence clubs for metropolitan area house prices within Florida with a relatively clear geographical segmentation of the housing market.
CitationApergis, N. and Payne, J.E., (2020). 'Florida metropolitan housing markets: examining club convergence and geographical market segmentation'. Journal of Housing Research, 28(2), pp. 145-163.
PublisherTaylor and Francis
JournalJournal of Housing Research
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Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by-nc-nd/4.0/