G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w3368
来源IDWorking Paper 3368
Forecasting Prices and Excess Returns in the Housing Market
Karl E. Case; Robert J. Shiller
发表日期1990-05-01
出版年1990
语种英语
摘要The U. S. market for homes appears not to be efficient. A number of information variables predict housing price changes and excess returns of housing relative to debt over the succeeding year. Price changes observed over one year tend to continue for one more year in the same direction. Construction cost divided by price, the change in per capita real income, the change in adult population are all positively related to price changes or excess returns over the subsequent year.
The results are based on time-series cross section regressions with quarterly data 1970-1 to 1987-3 and for cities Atlanta, Chicago, Dallas, and San Francisco.
主题Public Economics
URLhttps://www.nber.org/papers/w3368
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/560657
推荐引用方式
GB/T 7714
Karl E. Case,Robert J. Shiller. Forecasting Prices and Excess Returns in the Housing Market. 1990.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w3368.pdf(280KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Karl E. Case]的文章
[Robert J. Shiller]的文章
百度学术
百度学术中相似的文章
[Karl E. Case]的文章
[Robert J. Shiller]的文章
必应学术
必应学术中相似的文章
[Karl E. Case]的文章
[Robert J. Shiller]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w3368.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。