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An empirical test of the efficiency of the housing market

✍ Scribed by Peter Linneman


Book ID
116089059
Publisher
Elsevier Science
Year
1986
Tongue
English
Weight
914 KB
Volume
20
Category
Article
ISSN
0094-1190

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Empirical tests of real estate market ef
✍ Karl L. Guntermann; Stefan C. Norrbin πŸ“‚ Article πŸ“… 1991 πŸ› Springer US 🌐 English βš– 915 KB

Recent empirical research using real estate data has supported the weak and semi-strong forms of the efficient markets hypothesis. Previous studies have not included an estimate of expected appreciation into the tests of market efficiency, thus raising a question about the reliability of the results