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A Note on the Estimation of the Degree of Over- Or Under-Pricing of Housing Markets Relative to Their Long-Term Pricing Trend

Author

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  • Denise Gravatt
  • Eli Beracha
  • Ken H. Johnson

Abstract

This note outlines the estimation methodology of the degree of over- or under-pricing for a given housing market relative to its long-term pricing trend. The purpose of this effort is to provide buyers, sellers, real estate professionals, and policy makers a tool that estimates the premium (over-pricing) or discount (under-pricing) a local market is experiencing at a given moment. In general, this model is designed more for greater public rather than academic consumption.

Suggested Citation

  • Denise Gravatt & Eli Beracha & Ken H. Johnson, 2022. "A Note on the Estimation of the Degree of Over- Or Under-Pricing of Housing Markets Relative to Their Long-Term Pricing Trend," Journal of Housing Research, Taylor & Francis Journals, vol. 31(1), pages 1-3, April.
  • Handle: RePEc:taf:rjrhxx:v:31:y:2022:i:1:p:1-3
    DOI: 10.1080/10527001.2021.2007584
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