Gohl, Niklas; Haan, Peter; Michelsen, Claus; Weinhardt, … - 2022
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six … hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household … expectations exhibit mean reversion in the long-run. Moreover, we do not find evidence for biases related to individual housing …