Predicting House Prices with Real-Estate-Related Stocks

Research output: Contribution to journalArticlepeer-review


This paper investigates the forecasting content of real-estate-related stock prices for house prices. Using both in- and out-of-sample tests, this paper shows that real-estate-related stock price indices have extremely robust power in predicting US house prices. The empirical results are highly valuable for investors and policy makers because real-estate-related stock prices are shown to be a reliable predictor reflecting timely market information and are readily available to forecast real estate market movements.
Translated title of the contribution使用房地產相關股票之價格預測房價
Original languageEnglish
Pages (from-to)159-182
JournalTaiwan Economic Review
Issue number2
Publication statusPublished - 2019 Jun 1


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