IMF paper measures longevity of housing cycles
An International Monetary Fund paper, published on Wednesday, finds evidence that housing market upturns are on average longer than downturns.
Philippe Bracke, the paper's author, uses data from 19 Organisation for Economic Cooperation and Development countries over a period of 40 years to analyse the duration of house price upturns and downturns. Bracke notes that a more exact characterisation of the empirical patterns could contribute to a better understanding of the functioning of housing
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