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Effect of Predictive Algorithms on Home Prices and Racial Biases in the Housing Market

Yu, Shuyi - 2020

In this paper, I investigate how predictive algorithms change market outcomes in the housing market. By focusing on the effect of the Zestimate home valuation on housing markets, I investigate to what extent the market participants rely on the Zillow's estimated market value when making the...

Persistent link: https://www.econbiz.de/10012835894

A Study on the Volatility Forecast of the US Housing Market in the 2008 Crisis

Li, Kui-Wai - 2015

This article provides the in-sample estimation and evaluates the out-of-sample conditional mean and volatility forecast …-sample estimation but poorly in the out-of-sample forecast. For the post-crisis out-of-sample forecasts, all models naturally performed … poorly in conditional mean and volatility forecast …

Persistent link: https://www.econbiz.de/10013012057

Linking U.S. state-level housing market returns, and the consumption-(dis)aggregate wealth ratio

Balcilar, Mehmet; Gupta, Rangan; Sousa, Ricardo M.; … - In: International review of economics & finance : IREF 71 (2021), pp. 779-810

Persistent link: https://www.econbiz.de/10012630699

Search and Predictability of Prices in the Housing Market

Møller, Stig Vinther; Pedersen, Thomas Quistgaard; … - 2021

We develop a new housing seach index (HSI) extracted from online search activity on a limited set of keywords related to the house buying process. We show that HSI has strong predictive power for subsequent changes in house prices, both in-sample and out-of-sample, and after controlling for the...

Persistent link: https://www.econbiz.de/10013238329

Predicting Returns and Rent Growth in the Housing Market Using the Rent-to-Price Ratio : Evidence from the OECD Countries

Engsted, Tom - 2015

We conduct a comprehensive international study of predictability in housing markets using the rent-price ratio as a predictive variable. On data from 18 OECD countries we generally find return predictability in accordance with time-varying risk-premia, but we also document two puzzles. First,...

Persistent link: https://www.econbiz.de/10013036157

Investigating the Housing Market Bubbles and the Predictive Nature of Returns in Turkey

Aliyu Shuaibu, Umar - 2020

This paper investigates the housing market bubbles and the predictive nature of returns in Turkey by employing the Fully Modified OLS and the Dynamic OLS on time series data from January 2010-January 2019.The study provides new evidence on the long run boom in Turkish house prices. The drivers...

Persistent link: https://www.econbiz.de/10012830773

Our home in days gone by : housing markets in advanced economies in historical perspective

Knoll, Katharina - 2017

Persistent link: https://www.econbiz.de/10012795423

Redrawing of a housing market : insurance payouts and housing market recovery in the wake of the Christchurch earthquake of 2011

Cuong Nhu Nguyen; Noy, Ilan; Sommervoll, Dag Einar; … - 2020

On the 22nd of February 2011, much of the residential housing stock in the city of Christchurch, New Zealand, was damaged by an unusually destructive earthquake. Almost all of the houses were insured. We ask whether insurance was able to mitigate the damage adequately, or whether the damage from...

Persistent link: https://www.econbiz.de/10012288010

A new index of housing sentiment

Bork, Lasse; Møller, Stig Vinther; Pedersen, Thomas Q. - In: Management science : journal of the Institute for … 66 (2020) 4, pp. 1563-1583

Persistent link: https://www.econbiz.de/10012268436

Anticipating critical transitions of the housing market : new evidence from China

Zhang, Qun; Sornette, Didier; Zhang, Hao - In: The European journal of finance 25 (2019) 14, pp. 1251-1276

Persistent link: https://www.econbiz.de/10012207085