The DOI matches its Crossref record; 35 of the 35 references it cites were found in a registry or an index.
ECONOMIC FUNDAMENTALS IN LOCAL HOUSING MARKETS: EVIDENCE FROM U.S. METROPOLITAN REGIONS
Open accessAbstract
ABSTRACT This paper investigates the effects of national and regional economic conditions on outcomes in the single‐family housing market: housing prices, vacancies, and residential construction activity. Our three‐equation model confirms the importance of changes in regional economic conditions, income, and employment on local housing markets. The results also provide the first detailed evidence on the importance of vacancies in the owner‐occupied housing market on housing prices and supplier activities. The results also document the importance of variations in materials, labor and capital costs, and regulation in affecting new supply. Simulation exercises, using standard impulse response models, document the lags in market responses to exogenous shocks and the variations arising from differences in local parameters. The results also suggest the importance of local regulation in affecting the pattern of market responses to regional income shocks.
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Hsiao, C. (2014) · doi:10.1017/cbo9781139839327 · Cited by 7,869
Hsiao, C. (2022) · doi:10.1017/9781009057745 · Cited by 7,869
The Econometrics of Financial Markets
Campbell, J. Y., Lo, A. W., & MacKinlay, A. C. (2012) · Princeton University Press eBooks · doi:10.2307/j.ctt7skm5 · Cited by 5,875
The Econometrics of Financial Markets
Campbell, J. Y., Lo, A. W., & MacKinlay, A. C. (1997) · doi:10.1515/9781400830213 · Cited by 5,008
Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?
Shiller, R. (1980) · National Bureau of Economic Research · doi:10.3386/w0456 · Cited by 3,986
Dividend yields and expected stock returns
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The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors
Campbell, J., & Shiller, R. (1986) · National Bureau of Economic Research · doi:10.3386/w2100 · Cited by 2,425
Cointegration and Tests of Present Value Models
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Czamanski, S., & Muth, R. F. (1970) · Journal of the American Statistical Association · doi:10.2307/2284313 · Cited by 1,541
Dividend Yields and Expected Stock Returns: Alternative Procedures for Inference and Measurement
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Cited by
Assessing High House Prices: Bubbles, Fundamentals and Misperceptions
Himmelberg, C., Mayer, C., & Sinai, T. (2005) · Journal of Economic Perspectives · doi:10.1257/089533005775196769 · Cited by 1,041
Macroeconomics and housing: a review of the literature
Leung, C. (2004) · Journal of Housing Economics · doi:10.1016/j.jhe.2004.09.002 · Cited by 337
Berrett, J. L., & Holliday, B. S. (2018) · Voluntas: International Journal of Voluntary and Nonprofit Organizations · doi:10.1007/s11266-018-00049-5 · Cited by 49
Metadata
- Authors
- Hwang, M., & Quigley, J. M.
- Venue
- Journal of Regional Science
- Publisher
- Wiley
- Published
- 2006-07-19
- Volume
- 46
- Issue
- 3
- Pages
- 425-453
- ISSN
- 0022-4146 (ISSN-L)
- 1467-9787
- OpenAlex
- W1775630558
- Cited by
- 292
- References
- 35
- FWCI
- 21.50
- Type
- journal article
- Language
- en
- Open access
- bronze
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- CoChat. (2026). Citation check: ECONOMIC FUNDAMENTALS IN LOCAL HOUSING MARKETS: EVIDENCE FROM U.S. METROPOLITAN REGIONS. https://app.cochat.ai/papers/10.1111/j.1467-9787.2006.00480.x
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- Hwang, M., & Quigley, J. M. (2006). ECONOMIC FUNDAMENTALS IN LOCAL HOUSING MARKETS: EVIDENCE FROM U.S. METROPOLITAN REGIONS. Journal of Regional Science. https://doi.org/10.1111/j.1467-9787.2006.00480.x
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
