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A Note on the Estimation of the Degree of Over- Or Under-Pricing of Housing Markets Relative to Their Long-Term Pricing Trend

Denise Gravatt, Eli Beracha and Ken H. Johnson

Journal of Housing Research, 2022, vol. 31, issue 1, 1-3

Abstract: This note outlines the estimation methodology of the degree of over- or under-pricing for a given housing market relative to its long-term pricing trend. The purpose of this effort is to provide buyers, sellers, real estate professionals, and policy makers a tool that estimates the premium (over-pricing) or discount (under-pricing) a local market is experiencing at a given moment. In general, this model is designed more for greater public rather than academic consumption.

Date: 2022
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DOI: 10.1080/10527001.2021.2007584

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