Estimación del equilibrio del mercado inmobiliario

Real estate market equilibrium estimation

Francisco-Javier Lozano Navarro

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to estimate the equilibrium of the housing market by using the months’ supply indicator as the key variable, since it establishes a relationship between supply and demand. It is understood that this relationship tends to equilibrium in the long-run, enabling the estimation of the equilibrium parameter through several statistical techniques. Finally, by comparing the estimated equilibrium values with aggregated market data it is possible to identify periods of boom and bust in the real estate market.

Keywords: housing; real estate; equilibrium; months’ supply (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2018-09-01
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:118260

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