Fig. 1: Price dispersion and price Index in the Hong Kong housing market. | Humanities and Social Sciences Communications

Fig. 1: Price dispersion and price Index in the Hong Kong housing market.

From: Investors matter when prices are dispersed: the effects of investor activities on housing price dispersion

Fig. 1

Figure 1 illustrates the quarterly dynamics of housing price dispersion and the repeat sales price index in the Hong Kong housing market throughout our study period. The main stylized facts regarding temporal variations in price dispersion reveal a counter-cyclical relationship with boom-bust market cycles.

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