explanatory power of current excess demand in estimating future property returns increases with forecast horizon …

are of a similar magnitude to those attained using macroeconomic indicators. We explain these forecast improvements with …

forecast near-term price developments. Therefore we construct hedonic house price indices based on real estate advertisements … the mean squared forecast error (MSFE). While these models reduce the forecast error only slightly, forecast combination … approaches enhance the predictive power considerably. -- House price forecasts ; forecast combination ; hedonic price index …

We implement several Bayesian and classical models to forecast housing prices in 20 US states. In addition to standard …, we compare the forecast performance of the alternative models. Based on the average root mean squared error (RMSE) for …

forecast near-term price developments. Therefore we construct hedonic house price indices based on real estate advertisements … the mean squared forecast error (MSFE). While these models reduce the forecast error only slightly, forecast combination …

the ability of local as well as aggregate variables to forecast real estate returns. We illustrate a number of these …