Measures of Real Estate Market Sentiment and Their Relationship With U.S. Home Prices
Economic and Workforce Development
There are a wide variety of sentiment, or confidence, measures in the marketplace. The most well-known and publicized sentiment measure is the monthly consumer confidence index. The idea behind monitoring consumer confidence is that it should forecast future economic activity across the United States. Similar measures of sentiment exist in other specific markets as well. This study focuses on measures of real estate market sentiment and their ability to forecast price changes in the real estate market. The results also answer the question of whether sentiment leads real estate markets or real estate markets lead market sentiment.
Journal of Housing Research
Goodwin, K. R.
(2020). Measures of Real Estate Market Sentiment and Their Relationship With U.S. Home Prices. Journal of Housing Research, 28(2), 208-214.
Available at: https://aquila.usm.edu/fac_pubs/18096