This chapter reviews the evidence of predictability in US residential and commercial real
estate markets. First, we highlight the main methodologies used in the construction of real …

The decision of buying residential property may be one of the most important transactions
people will ever make, and the emotional attachment when houses become homes is …

From Nobel Prize–winning economist and New York Times bestselling author Robert
Shiller, a groundbreaking account of how stories help drive economic events—and why …

How have house prices evolved over the long run? This paper presents annual house
prices for 14 advanced economies since 1870. We show that real house prices stayed …

We show that housing markets provide information about the appropriate discount rates for
valuing investments in climate change abatement. Real estate is exposed to both …

This study analysed the impact of the Russian aggression against Ukraine in February 2022
on rental and housing prices in Warsaw and Krakow, two major cities in Poland. We …

We estimate how households trade off immediate costs and uncertain future benefits that
occur in the very long run, 100 or more years away. We exploit a unique feature of housing …

Property investment markets and applied property research are now recognised as an
increasingly important international phenomenon. Written by two of the most respected …

Spatial fixity is one of the characteristics that distinguishes housing from most other goods
and services in the economy. In general, housing cannot be moved from one part of the …

This paper analyzes the duration of house price upturns and downturns in the last 40 years
for 19 OECD countries. Both upturns and downturns display duration dependence: they are …