Housing and behavioural factors

John H. Huston and Roger W. Spencer

Applied Economics Letters, 2014, vol. 21, issue 3, 215-219

Abstract: The field of behavioural finance is well established. Studies of housing bubbles are less common than studies of equity overvaluation and studies of the behavioural aspects of real-estate pricing are rare. This article examines the housing market from 1987 to the present with particular attention to the 2003 to 2007 bubble. Both behavioural and traditional variables are considered. Models with behavioural variables are seen to provide a better fit during the housing bubble. A state-space model shows that the coefficients on those behavioural variables vary in ways consistent with the emergence and dissipation of the recent housing bubble.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2013.849374 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:21:y:2014:i:3:p:215-219

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2013.849374

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().