Buy custom The Determinants of House Price Dynamics: A Survey
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Business
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| Number of pages / Number of words: |
10 / 2668 |
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This indicates that housing markets in different countries are very similar and that lagged house prices have predictive power in explaining house price changes. Furthermore, the authors extend their regression to include other factors that may drive housing prices. They include three explanatory variables into their regression: the growth of GDP, the change in the real interest rate, and the rate of change of individuals between the ages 20-30...
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They include three explanatory variables into their regression: the growth of GDP, the change in the real interest rate, and the rate of change of individuals between the ages 20-30. Again, the data consist of yearly values over a range of 22 years. Subsequently, an ordinary least square regression is performed where the change of yearly house prices is regressed on previous mentioned variables...
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