Is the housing market in the United States really weakly-efficient?

Tiwari, Aviral Kumar; Gupta, Rangan; Wohar, Mark E.

dc.contributor.author	Tiwari, Aviral Kumar
dc.contributor.author	Gupta, Rangan
dc.contributor.author	Wohar, Mark E.
dc.date.accessioned	2019-11-22T10:28:23Z
dc.date.issued	2020
dc.description.abstract	We analyse the directional predictability of a daily dataset of aggregate and regional (10 major metropolitan cities) housing markets of the United States using the quantilogram – a model-free procedure. We overwhelmingly reject the weak-form of the efficient market hypothesis (EMH), which has been derived thus far by the extant literature based on unit root tests and long-memory models.	en_ZA
dc.description.department	Economics	en_ZA
dc.description.embargo	2021-04-16
dc.description.librarian	hj2019	en_ZA
dc.description.uri	http://www.tandfonline.com/loi/rael20	en_ZA
dc.identifier.citation	Aviral Kumar Tiwari, Rangan Gupta & Mark E. Wohar (2020): Is the Housing Market in the United States Really Weakly-Efficient?, Applied Economics Letters, 27(14): 1124-1134. DOI: 10.1080/13504851.2019.1673296.	en_ZA
dc.identifier.issn	1350-4851 (print)
dc.identifier.issn	1466-4291 (online)
dc.identifier.other	10.1080/13504851.2019.1673296
dc.identifier.uri	http://hdl.handle.net/2263/72389
dc.language.iso	en	en_ZA
dc.publisher	Routledge	en_ZA
dc.rights	© 2019 Informa UK Limited, trading as Taylor & Francis Group. This is an electronic version of an article published in Applied Economics Letters, vol. 27, no. 14, pp. 1124-1134, 2020. doi : 10.1080/13504851.2019.1673296. Applied Economics Letters is available online at : http://www.tandfonline.com/loi/rael20.	en_ZA
dc.subject	Efficient market hypothesis (EMH)	en_ZA
dc.subject	Correlogram	en_ZA
dc.subject	Dependence	en_ZA
dc.subject	Quantiles	en_ZA
dc.subject	Efficiency	en_ZA
dc.subject	Housing markets	en_ZA
dc.subject	United States (US)	en_ZA
dc.title	Is the housing market in the United States really weakly-efficient?	en_ZA
dc.type	Postprint Article	en_ZA