Housing bubble - Wikipedia

Most research papers on housing bubbles use standard asset price definitions. There are many definitions of bubbles. Most of them are normative definitions, like that of Joseph Stiglitz (1990),[3] that try to describe bubbles as periods involving speculation, or argue that bubbles involve prices that cannot be justified by fundamentals. Examples are Palgrave (1926),[4] Flood and Hodrick (1990),[5]