Kuchler, Theresa; Piazzesi, Monika; Stroebel, Johannes - National Bureau of Economic Research - 2022
market expectations are strongly influenced by recently observed house price changes, by personally or locally observed house … price changes, by house price changes observed in a person's social network, and by current home ownership status. Similarly …, experienced house price volatility affects expectations uncertainty. We also summarize recent work that documents how differences …