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发帖数: 67 | 1 【 以下文字转载自 Living 讨论区 】
发信人: Dar (莫名), 信区: Living
标 题: Goldman对未来两年的房价预测
发信站: BBS 未名空间站 (Sat Jun 12 14:44:15 2010, 美东)
We identify six house price determinants (Exhibit 5):
1. Persistence. Lagged house price appreciation is statistically significant
with a sizable coefficient,
confirming the existence of short-term momentum in house prices. All else
equal, a 1% price decrease over
four quarters is typically followed by another ½% fall one year later.
2. Price/rent valuation. We find a stron |
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