developments. The aim of this paper is to measure the latest price movements in different real estate markets in Germany and … forecast near-term price developments. Therefore we construct hedonic house price indices based on real estate advertisements … the mean squared forecast error (MSFE). While these models reduce the forecast error only slightly, forecast combination …

-of-sample forecasting exercise, we find that both pooling and accounting for spatial effects helps to substantially improve the forecast …

improving the forecasts, given the local nature of the real-estate markets. The forecast accuracy of different predictors is … sample size, the combinations of individual forecast do not improve the forecast accuracy. On average, the forecast …

possible to detect when using full-sample estimation information. On average, the forecast improvements attain about 20 …In this paper, we evaluate the forecasting ability of 145 indicators and ten types of forecast combination schemes to … facilitate substantial improvements of the forecasts, given the local nature of the real-estate markets. The forecast accuracy of …

improving the forecasts, given the local nature of the real-estate markets. The forecast accuracy of different predictors is … sample size, the combinations of individual forecast do not improve the forecast accuracy. On average, the forecast …

households and account for a large proportion of bank lending. In Germany, the housing accounts for more than a half of wealth of … increases have been observed in Germany. This raised doubts and fears in German society. On the one hand, it is feared that … Germany can follow the path of Spain, Ireland, and other bubble countries that ended in a severe economic crisis. On the other …

are of a similar magnitude to those attained using macroeconomic indicators. We explain these forecast improvements with …

explanatory power of current excess demand in estimating future property returns increases with forecast horizon …