Arslan, Yavuz; Akkoyun, H. Cagri; Kanik, Birol - Volkswirtschaftliche Fakultät, … - 2011
We use annual, quarterly and monthly data from the US to show that the correlation between housing prices and … the way of causality in housing market goes from transactions to housing prices. Our findings provide a litmus test for … the existing theories that are proposed to explain the positive correlation between housing prices and transaction volume. …