Volatility in the Housing Market: Evidence on Risk and Return in theLondon Sub-market | Zendy

Steve Cook | Zendy; Duncan Watson | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Volatility in the Housing Market: Evidence on Risk and Return in theLondon Sub-market

Author(s) -

Steve Cook,

Duncan Watson

Publication year - 2017

Publication title -

quantitative finance and economics

Language(s) - English

Resource type - Journals

ISSN - 2573-0134

DOI - 10.3934/qfe.2017.3.272

Subject(s) - volatility (finance) , economics , econometrics , financial economics , empirical evidence , risk–return spectrum , market risk , empirical research , systematic risk , market microstructure , finance , statistics , mathematics , portfolio , philosophy , epistemology , order (exchange)

The impact of volatility in housing market analysis is reconsidered via examinaton of the risk-return relationship in the London housing market is examined. In addition to providing the first empirical results for the relationship between risk (as measured by volatility) and returns for this submarket, the analysis offers a more general message to empiricists via a detailed and explicit evaluation of the impact of empirical design decisions upon inferences. In particular, the negative risk-return relationship discussed frequently in the housing market literature is examined and shown to depend upon typically overlooked decisions concerning components of the empirical framework from which statistical inferences are drawn

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research