Publicação
How does regional housing market sentiment affect the formation of house price expectations?
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| dc.contributor.advisor | Godinho, Frederico | |
| dc.contributor.author | Obermeier, Benedict | |
| dc.date.accessioned | 2026-04-13T09:10:59Z | |
| dc.date.available | 2026-04-13T09:10:59Z | |
| dc.date.issued | 2026-01-15 | |
| dc.date.submitted | 2026-01-15 | |
| dc.description.abstract | This thesis studies how regional housing market sentiment influences households’ expectations about future house-price growth. Using monthly behavioural indicators from Zillow to construct a Regional Sentiment Index and matching it to individual expectations from the New York Fed’s Survey of Consumer Expectations, the analysis links local market conditions to subjective beliefs across states. A national sentiment measure from Fannie Mae serves as a benchmark. Results show that regional sentiment strongly predicts expected price growth, while national sentiment contributes little. Further analysis reveals marked differences across states: sentiment plays a much stronger role in places with more volatile housing markets, while expectations in more stable states react only modestly. | eng |
| dc.identifier.tid | 204237289 | |
| dc.identifier.uri | http://hdl.handle.net/10362/202194 | |
| dc.language.iso | eng | |
| dc.relation | UID/ECO/00124/2013 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Microeconomics | |
| dc.subject | Behavioural economics | |
| dc.subject | Household expectations | |
| dc.subject | House-hold sentiment | |
| dc.title | How does regional housing market sentiment affect the formation of house price expectations? | eng |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Economics from the Nova School of Business and Economics |