2014
DOI: 10.1080/10835547.2014.12091390
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The U.S. Housing Market and the Pricing of Risk: Fundamental Analysis and Market Sentiment

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Cited by 40 publications
(20 citation statements)
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“…By orthogonalizing a number of sentiment measures against a broad set of housing market fundamentals, Ling et al (2014) find that the sentiment measures predict house price appreciation in the following quarters, even after accounting for the change in fundamentals and in market liquidity. Regressing excess residential market return per risk on fundamental factors in an error correction model, Jin et al (2014) show that non-fundamental consumer sentiment plays a significant role in the pricing pattern of residential properties. They conclude that…”
Section: Ijhma 91mentioning
confidence: 98%
“…By orthogonalizing a number of sentiment measures against a broad set of housing market fundamentals, Ling et al (2014) find that the sentiment measures predict house price appreciation in the following quarters, even after accounting for the change in fundamentals and in market liquidity. Regressing excess residential market return per risk on fundamental factors in an error correction model, Jin et al (2014) show that non-fundamental consumer sentiment plays a significant role in the pricing pattern of residential properties. They conclude that…”
Section: Ijhma 91mentioning
confidence: 98%
“…Shleifer (2000, p. 25) explains limited arbitrage and investors' sentiments as the central ideas of behavioural finance. The housing market witnesses limited arbitrage (Glaeser and Gyourko, 2007) and higher investor sentiments (Jin et al, 2014), making it fertile ground for the behavioural biases. Kishore (2006); Huston and Spencer (2014); Salzman and Zwinkels (2017); Pandey and Jessica (2018) and Pandey and Jessica (2019b) have used the behavioural framework to explain deviations in the real estate market.…”
Section: Behavioural Finance Paradigm and Efficiency Of Housing Marketmentioning
confidence: 99%
“…In addition, our focus is not on private or public commercial real estate market but on the housing market. Jin, Soydemir, and Tidwell (2014) utilize the Conference Board Consumer Sentiment Index as a proxy for market sentiment. They examine 10 U.S. metropolitan areas and find that irrational consumer sentiment impacts housing prices in these areas.…”
Section: Sentiment and Housing Pricesmentioning
confidence: 99%