OECD: RECENT HOUSE PRICE DEVELOPMENTS: THE ROLE OF FUNDAMENTALS In the vast majority of OECD economies, house prices in real terms have been moving up strongly since the mid-1990s). Because of the important role housing wealth has been playing during the current upswing, this paper will look more closely at what is underlying these developments, with a view to shedding some light on whether or not prices are in line with fundamentals.
