Fernando, I do not know the relevant book but in one of articles with my participation a cycle of prices for real estate is described. Only abstract is on my RG page:
"The evolution and the relationship of house prices and rents in Barcelona, 1970–2002" by Mercè Carreras-i-Solanas, Oscar Mascarilla-i-Miró, Yuri Yegorov,
European Journal of Housing Policy 01/2004; 4(1):19-56.
If you provide me your email in a personal message, I can send you this article. Besides that, I found it interesting what you write about Mr. Krugman and the geographers; we can discuss that.
Fernando, my suggestion would be to look for articles as recent trend in real estate market also suggest new implications on the real estate business cycle.