Title

Measures of Real Estate Market Sentiment and Their Relationship With U.S. Home Prices

Document Type

Article

Publication Date

6-26-2020

Department

Economic and Workforce Development

School

Finance

Abstract

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.

Publication Title

Journal of Housing Research

Volume

28

Issue

2

First Page

208

Last Page

214

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