Tiwari, Aviral KumarGupta, RanganWohar, Mark E.2019-11-222020Aviral 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: 10.1080/13504851.2019.1673296.1350-4851 (print)1466-4291 (online)10.1080/13504851.2019.1673296http://hdl.handle.net/2263/72389We 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© 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.Efficient market hypothesis (EMH)CorrelogramDependenceQuantilesEfficiencyHousing marketsUnited States (US)Postprint Article