Proceedings version THE DYNAMICS OF HOUSING PRICES: AN INTERNATIONAL PERSPECTIVE ∗ by Peter Englund Yannis M. Ioannides Department of Economics Department of Economics University of Uppsala VPI&SU S–751 20 Uppsala Sweden Blacksburg, VA 24061-0316 Telephone: 46-18-181105 Telephone: 1-703-231-7981 Email: Email: yannis@vtvm1 Version October 14, 1992 Invited Paper, Session: Economics of Housing World Congress of the International Economic Association Moscow, August 28, 1992 ∗ The authors are grateful to Dieter B¨os for comments and corrections and to Linda Dobkins for excellent research assistance. Published in: Economics in a Changing World, Dieter B¨os, editor, Volume 3, Chapter 10, 175-197, Proceedings, International Economic Association Tenth World Congress Moscow, August 1992, MacMillan, 1993. 1