The Role of Forwarding-Looking Price Expectations Data published by the Royal Institution of Chartered Surveyors (RICS) in explaining and forecasting U.K. house prices.
Gareth Thomas, David and Bywaters, David
(2011)
The Role of Forwarding-Looking Price Expectations Data published by the Royal Institution of Chartered Surveyors (RICS) in explaining and forecasting U.K. house prices.
pp. 77-86.
ISSN 2240-7707
The objective of this paper is to make use of the forward-looking price expectations data published by the RICS to explain and forecast U.K. house prices, three-months ahead. The Nationwide index is used to test the performance of the RICS Survey based on the process of bounded rationality. An S-shaped logistic effect is shown to fit the data, assumed to be account of a diffusion path of expectations from surveyors to other agents.
| Item Type | Article |
|---|---|
| Uncontrolled Keywords | House Prices, Expectations, Logistic, Forecasting |
| Divisions |
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| Date Deposited | 18 Nov 2024 11:22 |
| Last Modified | 18 Nov 2024 11:22 |