Measuring aggregate housing wealth: New insights from machine learning☆

J Gallin, R Molloy, E Nielsen, P Smith… - Journal of Housing …, 2021 - Elsevier
We construct a new measure of aggregate housing wealth for the US based on (1) home-
value estimates derived from machine learning algorithms applied to detailed information on …

Tracking home-owners' sentiments: Subjective indices and convergent validity

SR Waltl, A Lepinteur - The Journal of Real Estate Finance and Economics, 2023 - Springer
Surveys regularly ask home-owners to guess what their property might be worth in the
current housing market. We develop suitable statistical techniques to construct hedonic and …

Objectified housing sales and rent prices in representative household surveys: the impact on macroeconomic statistics

MD Naidin, SR Waltl, M Ziegelmeyer - Available at SSRN 4211817, 2022 - papers.ssrn.com
Reliable macroeconomic housing and wealth statistics and counterfactual analyses require
hypothetical but realistic sales and rent prices for properties off the market, representing the …

Tracking owners' sentiments: Subjective home values, expectations and house price dynamics

A Lepinteur, SR Waltl - Luxembourg Institute of Socio-Economic …, 2021 - papers.ssrn.com
Economic theory predicts that expectations on future house price growth are related to the
current price of a house. We test this relationship for the supply side of the secondary …

House Price Markups and Mortgage Defaults

PE Carrillo, WM Doerner… - Journal of Money, Credit …, 2023 - Wiley Online Library
The transaction price of identical housing units can vary widely due to heterogeneity in
buyer and seller preferences, matching, and search costs, generating what we term …

Do Appraiser and Borrower Race Affect Mortgage Collateral Valuation?

BW Ambrose, J Conklin, NE Coulson… - Available at SSRN …, 2021 - papers.ssrn.com
We examine racial bias in property appraisals using a national sample of refinanced
mortgages from 2000 to 2007. Our data allow us to observe the race of the appraiser and …

Tracking Owners' Sentiments: Subjective Home Values, Expectations and House Price Dynamics

SR Waltl, A Lepinteur - Expectations and House Price Dynamics, 2022 - papers.ssrn.com
Economic theory predicts that expectations on future house price growth are related to the
current price. We test this relationship for the supply side of the secondary housing market …