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Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Discussion Paper No. 318
Verlag: 
European University Viadrina, Department of Business Administration and Economics, Frankfurt (Oder)
Zusammenfassung: 
We used Wall Street Journal survey data for the period 2006 - 2010 to analyze whether forecasts of house prices and housing starts provide evidence of (anti-)herding of forecasters. Forecasts are consistent with herding (anti-herding) of forecasters if forecasts are biased towards (away from) the consensus forecast. We found that anti-herding is prevalent among forecasters of house prices, where anti-herding is less strong in the case of medium-term forecasts, especially in the case of housing starts.
Schlagwörter: 
Forecasts of house prices and housing starts
Herding
JEL: 
E37
D84
C33
Dokumentart: 
Working Paper

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