housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of … forecasters if forecasts are biased towards (away from) the consensus forecast. We found that anti-herding is prevalent among … forecasters of house prices, where anti-herding is less strong in the case of medium-term forecasts, especially in the case of …

Recent price trends in housing markets may reflect herding of market participants. A natural question is whether such … herding, to the extent that it occurred, reflects herding in forecasts of professional forecasters. Using survey data for … Canada, Japan, and the United States, we did not find evidence of forecaster herding. On the contrary, forecasters anti …