El Paso Housing Sector Econometric Forecast Accuracy

There is comparatively little empirical evidence regarding the accuracy of regional housing sector forecasts. Much of the recent analysis conducted for this topic is developed for housing starts and indicates a relatively poor track record. This study examines residential real estate forecasts previously published for El Paso, TX using a structural econometric model. Model coverage is much broader than just starts. Similar to earlier studies, the previously published econometric predictions frequently do not fare very well against the selected random walk benchmarks utilized for the various series under consideration.


Issue Date:
2008-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/45534
Published in:
Journal of Agricultural and Applied Economics, Volume 40, Number 1
Page range:
385-402
Total Pages:
18
JEL Codes:
C53; R15; R31
Series Statement:
JAAE




 Record created 2017-04-01, last modified 2017-04-04

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