Comparing wealth effects: the stock market versus the housing market
KE Case, JM Quigley, RJ Shiller - Topics in Macroeconomics, 2005 - degruyter.com
We examine the link between increases in housing wealth, financial wealth, and consumer
spending. We rely upon a panel of 14 countries observed annually for various periods during …
spending. We rely upon a panel of 14 countries observed annually for various periods during …
The efficiency of the market for single-family homes
KE Case, RJ Shiller - 1988 - nber.org
Tests of weak-form efficiency of the market for single family homes are performed using data
on repeat sales prices of 39,210 individual homes, each for two sales dates. Tests were …
on repeat sales prices of 39,210 individual homes, each for two sales dates. Tests were …
Forecasting prices and excess returns in the housing market
KE Case, RJ Shiller - Real Estate Economics, 1990 - Wiley Online Library
The paper uses quarterly indexes of existing single‐family home prices estimated with
microdata on properties that sold more than once to estimate excess returns to investment in …
microdata on properties that sold more than once to estimate excess returns to investment in …
What have they been thinking? Home buyer behavior in hot and cold markets
KE Case, RJ Shiller, A Thompson - 2012 - nber.org
Questionnaire surveys undertaken in 1988 and annually from 2003 through 2014 of recent
homebuyers in each of four US metropolitan areas shed light on their expectations and …
homebuyers in each of four US metropolitan areas shed light on their expectations and …
Is there a bubble in the housing market?
KE Case, RJ Shiller - Brookings papers on economic activity, 2003 - muse.jhu.edu
THE POPULAR PRESS is full of speculation that the United States, as well as other
countries, is in a “housing bubble” that is about to burst. Barrons, Money magazine, and The …
countries, is in a “housing bubble” that is about to burst. Barrons, Money magazine, and The …
Wealth effects revisited 1978-2009
KE Case, JM Quigley, RJ Shiller - 2011 - nber.org
We re-examine the link between changes in housing wealth, financial wealth, and consumer
spending. We extend a panel of US states observed quarterly during the seventeen-year …
spending. We extend a panel of US states observed quarterly during the seventeen-year …
Prices of single family homes since 1970: New indexes for four cities
KE Case, RJ Shiller - 1987 - nber.org
This paper uses data on nearly a million homes sold in four metropolitan areas -- Atlanta,
Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices …
Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices …
The behavior of home buyers in boom and post-boom markets
KE Case, RJ Shiller - 1988 - nber.org
… In a 1986 article in this Review, Case sought to explainthe Boston experience using data
on … Case then put forward a conjecturethat the boom was essentially driven by expectations. …
on … Case then put forward a conjecturethat the boom was essentially driven by expectations. …
Housing price dynamics within a metropolitan area
KE Case, CJ Mayer - Regional Science and Urban Economics, 1996 - Elsevier
This paper analyzes the pattern of house price appreciation in the Boston area from 1982 to
1994. The empirical results are consistent with the predictions of a standard urban model in …
1994. The empirical results are consistent with the predictions of a standard urban model in …
Real estate and the macroeconomy
KE Case, EL Glaeser, JA Parker - Brookings Papers on Economic Activity, 2000 - JSTOR
IN JULY 1987 MASSACHUSETTS governor Michael Dukakis began his run for the
presidency in the midst of what was being called the Massachusetts Miracle, with employment …
presidency in the midst of what was being called the Massachusetts Miracle, with employment …