Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
The Effect of Macro-Economic Factors on Housing Markets: US Case
Date
2017-05-26
Author
Yılmaz, Bilgi
Kestel, Sevtap Ayşe
Metadata
Show full item record
Item Usage Stats
221
views
0
downloads
Cite This
The real estate market is one of the leading and locomotive markets in national economies due to its high dependence on domestic capital, its creation of high added value, the magnitude of its employment potential, and the strong relation to the other markets. And the housing market is one of the biggest submarket of real estate market and it is a massive factor in householder’s consumption; therefore, it is one of the biggest components in the basket of goods used for calculating the consumer price index (CPI) in most of the industrialized countries. Therefore, this paper aims to determine the influence of the dynamic effects of specific macroeconomic variables (i.e. mortgage rates, inflation, and unemployment) on the house price indices, with particularly on the S&P/Case-Shiller National Home Price Index for the United States (U.S.) housing market. In the determination, we used the novel regression methods: the generalized linear regression (GLM) and Multivariate Adaptive Regression Splines (MARS). Our models allow for the interactions among the independent variables and they are consistent with U.S. data for the period 2000 to 2015.
URI
https://hdl.handle.net/11511/77776
Conference Name
IRSYSC 2017 – 3RD INTERNATIONAL RESEARCHERS, STATISTICIANS AND YOUNG STATISTICIANS CONGRESS
Collections
Graduate School of Applied Mathematics, Conference / Seminar
Suggestions
OpenMETU
Core
The impact of crude oil prices on financial market indicators: copula approach
Kayalar, Derya Ezgi; KÜÇÜKÖZMEN, CUMHUR ÇOŞKUN; Kestel, Sevtap Ayşe (2017-01-01)
Oil price changes have varying impacts on the financial indicators of global markets and economies. This study aims to explore the dependence structure between crude oil prices and stock market indices, as well as the exchange rates in a number of economies categorized with respect to their status as developing/emerging markets, and oil importer/exporter countries. Dependence structures in this study are evaluated in considerable depth using copula models. The broad time period covered allows the investigat...
The Impact of Macro-Economic Drivers in Housing Markets: The US Cas
Yılmaz, Bilgi; Yerlikaya Özkurt, Fatma; Kestel, Sevtap Ayşe (2021-08-01)
This paper analyzes the effect of macro-economic, financial and commodity market indicators on housing markets. We compare the efficiency of the models generated by Generalized Linear Models (GLM) and Multivariate Adaptive Regression Splines (MARS) according to method free measures for estimating the housing market trend. These models are used for the first time to identify the influence of macro-economic indicators on housing markets and the estimation of the trend in housing markets to our best knowledge....
The Impact of Large Investors on the Portfolio Optimization of Single-Family Houses in Housing Markets
Yılmaz, Bilgi; Korn, Ralf; Kestel, Sevtap Ayşe (2022-02-01)
As a consequence of the real estate market crash after 2008, large investors invested a significant amount of wealth into single-family houses to construct a portfolio of rental dwellings, whose income is securitized in the capital. In some local housing markets, these investors own remarkable numbers of single-family houses. Furthermore, their trading activities have resulted in a new investment strategy, which exacerbates property wealth concentration and polarization. This new investment strategy and its...
The effects of top management team composition on SME export performance: an upper echelons perspective
Acar, Feride Pınar (2016-12-01)
Survival of small and medium-sized enterprises (SMEs) increasingly depends on their ability to exploit opportunities in foreign markets. Given their limited resources, exporting is one of the most viable modes of entry into foreign markets for SMEs. The present study is an attempt to contribute to the research that identifies the factors associated with SME export performance. Specifically, the association between top management team demographic composition and SME export performance was examined in an emer...
The negative effects of construction boom on urban planning and environment in Turkey: Unraveling the role of the public sector
Balaban, Osman (2012-01-01)
Construction sector is usually accepted as the engine that triggers economic growth due to its strong backward and forward linkages with other sectors. On the other hand, it is also argued that increased construction activity could end up with negative economic, social and environmental impacts. The literature emphasizes the role of public sector, especially the national governments in minimizing the negative impacts of construction activity. The related arguments mostly postulate that public sector is well...
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
B. Yılmaz and S. A. Kestel, “The Effect of Macro-Economic Factors on Housing Markets: US Case,” presented at the IRSYSC 2017 – 3RD INTERNATIONAL RESEARCHERS, STATISTICIANS AND YOUNG STATISTICIANS CONGRESS, Konya, Türkiye, 2017, Accessed: 00, 2021. [Online]. Available: https://hdl.handle.net/11511/77776.
