Fundamentals and irrationalities in Norwegian housing prices
Abstract
A housing price model is built to analyze whether there is a housing
bubble in the Norwegian housing market. The model is built based
on the general de nition of nancial bubbles. Fundamentals in the
family level are then introduced in order that empirical data in the
household level can be used for analysis. Empirical data conducted by
SSB in 2012 are investigated. No bubble is concluded in the current
Norwegian housing market.