Estimación del equilibrio del mercado inmobiliario

Lozano Navarro, Francisco-Javier (2018): Estimación del equilibrio del mercado inmobiliario. Published in: Working Papers No. 101 (1 September 2018)

Abstract

The aim of this paper is to estimate the equilibrium of the housing market by using the months’ supply indicator as the key variable, since it establishes a relationship between supply and demand. It is understood that this relationship tends to equilibrium in the long-run, enabling the estimation of the equilibrium parameter through several statistical techniques. Finally, by comparing the estimated equilibrium values with aggregated market data it is possible to identify periods of boom and bust in the real estate market.

• Item Type: MPRA Paper
• English Title: Real estate market equilibrium estimation
• Language: Spanish
• Keywords: housing, real estate, equilibrium, months’ supply
• Subjects: R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location

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