Anderson, Christopher W.; Beracha, Eli - In: Journal of Real Estate Research 32 (2010) 2, pp. 161-186
To what extent do capital market factors affect home prices? This paper examines quarterly changes in median sales prices for homes across more than 3,000 U.S. ZIP Codes in 203 metropolitan areas from 2001 to 2006 to investigate home price sensitivity to returns on U.S. stocks and bonds. The...