Blanc, David le; Lagarenne, Christine - In: The Journal of Real Estate Finance and Economics 29 (2004) 3, pp. 259-275
This paper investigates the impact of housing demand on the composition of the optimal portfolios of homeowners in France, following the methodology developed by Flavin and Yamashita (NBER Working Paper 6389, 2002). We use historical data on housing prices and financial assets returns to...