Economic Sentiment and Its Impact on the Global Housing Market: A Behavioral Perspective
Abstract:Purpose: This paper investigates the impact of economic sentiment, alongside key macroeconomic variables, on housing prices. It aims to illuminate the complex dynamics of the housing market, integrating the lens of Behavioral Finance to understand how sentiment influences market outcomes, providing a fresh perspective on price formation mechanisms within this sector.Design/methodology/approach: Employing a two-stage analytical framework, the study first disentangles the Consumer Confidence Index into its funda… Show more
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