This paper studies expectations of capital appreciation in the housing market. We show that expectations impounded in …

We review the recent literature on the determinants and effects of housing market expectations. We begin by providing … an overview of existing surveys that elicit housing market expectations, and discuss how those surveys may be expanded in … expectations in these survey data, before summarizing research that has studied how individuals form these expectations. Housing …

We review the recent literature on the determinants and effects of housing market expectations. We begin by providing … an overview of existing surveys that elicit housing market expectations, and discuss how those surveys may be expanded in … expectations in these survey data, before summarizing research that has studied how individuals form these expectations. Housing …

We investigate the feature of housing markets under adaptive and heterogeneous expectations. Model agents have finite …

This paper studies expectations of capital appreciation in the housing market. We show that expectations impounded in …

expectations of future price movements, market duration and high bidding frequency. The bid-premium reflects consumers …' expectations, adapting to market conditions more promptly than asking price setting behaviour and final sale prices. The volatile …