The U.S. Housing Market and the Pricing of Risk: Fundamental Analysis and Market Sentiment
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Jin, Changha | - |
dc.contributor.author | Soydemir, Gokce | - |
dc.contributor.author | Tidwell, Alan | - |
dc.date.accessioned | 2021-06-22T23:44:56Z | - |
dc.date.available | 2021-06-22T23:44:56Z | - |
dc.date.created | 2021-01-21 | - |
dc.date.issued | 2014-04 | - |
dc.identifier.issn | 0896-5803 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/23337 | - |
dc.description.abstract | We explore the pricing patterns of the residential real estate market in the United States in the context of the recent housing bubble and subsequent deflation. We examine 10 consolidated metropolitan statistical areas and calculate excess residential market return per risk. Then, using an error correction model, we regress excess residential market return per risk on fundamental market risk factors from a range of demand- and supply-side variables together with a non-fundamental-based sentiment variable. Our long-run findings reveal that non-fundamental-based (irrational) consumer sentiment is a significant exogenous variable in the pricing pattern of U.S. residential real estate. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | American Real Estate Society | - |
dc.title | The U.S. Housing Market and the Pricing of Risk: Fundamental Analysis and Market Sentiment | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Jin, Changha | - |
dc.identifier.doi | 10.1080/10835547.2014.12091390 | - |
dc.identifier.scopusid | 2-s2.0-84908123706 | - |
dc.identifier.wosid | 000338821500003 | - |
dc.identifier.bibliographicCitation | Journal of Real Estate Research, v.36, no.2, pp.187 - 219 | - |
dc.relation.isPartOf | Journal of Real Estate Research | - |
dc.citation.title | Journal of Real Estate Research | - |
dc.citation.volume | 36 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 187 | - |
dc.citation.endPage | 219 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.isOpenAccess | N | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | INVESTOR SENTIMENT | - |
dc.subject.keywordPlus | CROSS-SECTION | - |
dc.subject.keywordPlus | STOCK RETURNS | - |
dc.subject.keywordPlus | EXPECTATIONS | - |
dc.subject.keywordPlus | FEEDBACK | - |
dc.subject.keywordPlus | PRICES | - |
dc.subject.keywordAuthor | STOCK RETURNS | - |
dc.subject.keywordAuthor | PRICES | - |
dc.subject.keywordAuthor | BIAS | - |
dc.subject.keywordAuthor | INVESTOR SENTIMENT | - |
dc.subject.keywordAuthor | VALUATION | - |
dc.subject.keywordAuthor | OPINION | - |
dc.subject.keywordAuthor | CROSS-SECTION | - |
dc.subject.keywordAuthor | EXPECTATIONS | - |
dc.subject.keywordAuthor | DISCOUNTS | - |
dc.subject.keywordAuthor | FEEDBACK | - |
dc.identifier.url | https://www.tandfonline.com/doi/abs/10.1080/10835547.2014.12091390 | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
55 Hanyangdeahak-ro, Sangnok-gu, Ansan, Gyeonggi-do, 15588, Korea+82-31-400-4269 sweetbrain@hanyang.ac.kr
COPYRIGHT © 2021 HANYANG UNIVERSITY. ALL RIGHTS RESERVED.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.