Expectations and Urban Housing Prices
This paper presents a simple model of price expectations and urban housing prices. The empirical results for a sample of houses sold in the city of Chicago during 1970-1972 indicate that the expectation of nominal price increase, estimated as an extrapolation of past price increases in the neighborhood, have a significant impact on the current price.
Year of publication: |
1985
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Authors: | McDonald, John F. |
Published in: |
Urban Studies. - Urban Studies Journal Limited. - Vol. 22.1985, 6, p. 543-549
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Publisher: |
Urban Studies Journal Limited |
Saved in:
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