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A Critical Review of Housing Markets

Lin, Pin-Te

Description

This PhD dissertation, composed of three studies, provides a critical review of the determinants of price changes in the housing market. In the first paper, I address the counterintuitive negative risk-return relationship in the housing market, previously found in the literature. I show that the negative relationship in the US can be resolved by considering the modelling differences between aggregate and cross-sectional conditions in standard asset pricing...[Show more]

CollectionsOpen Access Theses
Date published: 2019
Type: Thesis (PhD)
URI: http://hdl.handle.net/1885/155769
DOI: 10.25911/5c6e7157524fb

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