Local housing booms and busts in England

Arzu Uluc.

A novel housing data set with information at the Local Authority level shows that changes in the proportion of high LTI mortgages was positively correlated with the size of the house price boom (1997-2007) and bust (2007-2009). Interestingly though, changes in the proportion of high LTV mortgages had the opposite relationship. This blog sets out some stylized facts on the wild swings in house prices over this period using this new data set.

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