ERES:conference

The use of time series analysis in real estate related data analysis and forecasting is not yet prevalent in Germany. Potential reasons are insufficient data, high fragmentation of the markets, and a practitioner-driven preference of qualitative forecasts. Deviations from the mainstream are...

[abstract missing - contribution appeared in the programme]

This paper conducts tests of the random walk hypothesis and market efficiency for 14 national public real estate markets. Random walk properties of equity prices influence the return dynamics and determine the trading strategies of investors. To examine the stochastic properties of local real...

We test the effects of uncertainty on market liquidity using Hurricane Sandy as a natural experiment. Given the unprecedented strength, scale and nature of the storm, the potential damages of a landfall near the Greater New York area were unpredictable and therefore uncertain. Using a...