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Local house price comovements

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FISCHER, Marcel, Roland FÜSS, Simon STEHLE, 2021. Local house price comovements. In: Real Estate Economics. Wiley. 49(S1), pp. 169-198. ISSN 1080-8620. eISSN 1540-6229. Available under: doi: 10.1111/1540-6229.12331

@article{Fischer2021Local-50751, title={Local house price comovements}, year={2021}, doi={10.1111/1540-6229.12331}, number={S1}, volume={49}, issn={1080-8620}, journal={Real Estate Economics}, pages={169--198}, author={Fischer, Marcel and Füss, Roland and Stehle, Simon} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dc:creator>Füss, Roland</dc:creator> <dcterms:issued>2021</dcterms:issued> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dspace:isPartOfCollection rdf:resource=""/> <dc:contributor>Füss, Roland</dc:contributor> <dcterms:title>Local house price comovements</dcterms:title> <dcterms:available rdf:datatype="">2020-09-09T13:53:04Z</dcterms:available> <dcterms:isPartOf rdf:resource=""/> <dc:date rdf:datatype="">2020-09-09T13:53:04Z</dc:date> <dc:creator>Fischer, Marcel</dc:creator> <dc:creator>Stehle, Simon</dc:creator> <dc:contributor>Fischer, Marcel</dc:contributor> <dc:language>eng</dc:language> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <bibo:uri rdf:resource=""/> <dc:contributor>Stehle, Simon</dc:contributor> <dcterms:abstract xml:lang="eng">We study the microlevel evolution of residential house prices using data on repeat sales on Manhattan Island from 2004 to 2015. We document that price comovement, even within a ZIP code, is a highly local and persistent phenomenon. The strength of such comovements vanishes with both spatial and temporal distance. Local underperformance is more persistent than local overperformance, particularly when house prices on aggregate level increase.</dcterms:abstract> </rdf:Description> </rdf:RDF>

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