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Florida Metropolitan Housing Markets: Examining Club Convergence and Geographical Market Segmentation

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  • Nicholas Apergis
  • James E. Payne

Abstract

This study explores the convergence of housing prices for 21 metropolitan areas within the state of Florida for the quarterly period 1987:2 to 2017:3. The examination of house price differentials between metropolitan and state-level house prices using a battery of univariate and panel unit root testing approaches yielded mixed results with respect to the presence of convergence. However, the Phillips-Sul (2007; 2009) club convergence approach identifies four distinct convergence clubs for metropolitan area house prices within Florida with a relatively clear geographical segmentation of the housing market.

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  • Nicholas Apergis & James E. Payne, 2019. "Florida Metropolitan Housing Markets: Examining Club Convergence and Geographical Market Segmentation," Journal of Housing Research, Taylor & Francis Journals, vol. 28(2), pages 145-163, July.
    • Handle: RePEc:taf:rjrhxx:v:28:y:2019:i:2:p:145-163
    DOI: 10.1080/10527001.2019.1769966
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    Cited by:

    1. Belloc, Ignacio, 2024. "Family house prices in the US: Convergence clubs by county (1975-2022)," MPRA Paper 121487, University Library of Munich, Germany.

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