Since 2014
Housing Price Fundamentals through the Business Cycle
European Journal of Business Science and Technology
View Archive Info| Field | Value | |
| Title |
Housing Price Fundamentals through the Business Cycle
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| Creator |
Wenz, Michael G
Yu, William Wei-Choun |
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| Description |
We examine the fundamental determinants of nominal home price growth from 1995 to 2012 across 300 metropolitan areas in the U.S. This sample period provides a trough-to-trough time period that allows for analysis through a complete business cycle. By using a supply-to-demand ratio for home price appreciation, we identify a straightforward and powerful method for predicting home price appreciation across markets. We suggest an alternative and simple method for addressing endogeneity in house prices and include a comprehensive measure of human capital. We find five significant factors: home supply growth, personal income growth, human capital, an ocean dummy, and geographic constraint.
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| Publisher |
Mendel University in Brno
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| Date |
2016-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
application/vnd.openxmlformats-officedocument.wordprocessingml.document application/vnd.openxmlformats-officedocument.wordprocessingml.document |
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| Identifier |
https://journal.ejobsat.cz/index.php/ejobsat/article/view/55
10.11118/ejobsat.v2i2.55 |
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| Source |
European Journal of Business Science and Technology; Vol 2 No 2 (2016); pp. 91–106
2694-7161 2336-6494 |
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| Language |
eng
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| Relation |
https://journal.ejobsat.cz/index.php/ejobsat/article/view/55/pdf_26
https://journal.ejobsat.cz/index.php/ejobsat/article/view/55/113 https://journal.ejobsat.cz/index.php/ejobsat/article/view/55/114 |
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| Rights |
Copyright (c) 2016 European Journal of Business Science and Technology
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