expectations on future home values. We explore the relationship between house price expectations, local economic conditions, and … households' individual characteristics. We examine the heterogeneity in expectations based on panel data models. In particular … price expectations vary significantly over time, and are positively related to past housing returns and perceived economic …

This paper performs a comparative analysis of estimation as well as of out-of-sample forecasting results of more than … estimates of the migration function. Out-of-sample forecasting results indicate the following: (i) the standard fixed effects … variables estimators, (iv) forecasting performance of heterogenous estimators is mediocre in our data set. …

This paper provides a novel approach to forecasting time series subject to discrete structural breaks. We propose a …