Do house prices overreact to relevant information? New evidence from the UK housing market
(2015)
Journal Article
Hudson, R., Manahov, V., Metcalf, H., & Zhang, H. (in press). Do house prices overreact to relevant information? New evidence from the UK housing market. Investment management & financial innovations, 12(3), 33-46
We use recent panel data and various empirical models to investigate the validity of the irrational expectations hypothesis and the feedback theory in the UK housing market. We provide the first empirical evidence to justify the statistically signifi... Read More about Do house prices overreact to relevant information? New evidence from the UK housing market.