What Have They Been Thinking? Home Buyer Behavior in Hot and Cold Markets

By Karl E. Case, Robert J. Shiller, A. Thompson. 2012

326 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

View Paper: https://www.semanticscholar.org/paper/0a616bdfeec3fe6d1e9a7f04fb8803b2a39717b9

Citations in the corpus

• House price dynamics: Fundamentals and expectations (2015, unknown): “This last prediction contradicts survey evidence suggesting that investors typically expect higher future returns after a protracted rise in prices (Case et al., 2012; Greenwood and Shleifer, 2014).”
• House Price Momentum and Strategic Complementarity (2018, unknown): “Backwardlooking expectations are frequently discussed as a potential cause of momentum (e.g., Case and Shiller 1987; Case, Shiller, and Thompson 2012), but some observers have voiced skepticism about widespread nonrationality in housingmarkets given the financial importance of housing transactions…”
• Psychology-based Models of Asset Prices and Trading Volume (2018, unknown): “…way. that, for assets that appear to be overvalued, we typically observe heavy trading (Hong and Stein, 2007); extrapolative investor expectations (Case et al., 2012); some sophisticated investors increasing their exposure to the asset (Brunnermeier and Nagel, 2004); and strong fundamental news…”
• Behavioral Economics: Past, Present and Future (2016, unknown): “For example, Case, Shiller, and Thompson ( 2012 ) find that homeowners during the period of rapidly rising prices from 2000–2005 expected home prices to continue to rise at double-digit rates for the next decade.”
• Personal Experiences and Expectations about Aggregate Outcomes (2019, unknown): “Overly optimistic beliefs are often cited as major contributors to the run up in house prices prior to the recent financial crisis (see, for instance, Piazzesi and Schneider, 2009; Goetzmann et al., 2012; Burnside et al., 2016; Case et al., 2012; Glaeser and Nathanson, 2017).”