FORECASTING THE REAL ESTATE MARKET: A COINTEGRATED APPROACH

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dc.contributor.advisorProdan-Boul, Ruxandra
dc.contributor.committeeMemberJiu, Brett
dc.contributor.committeeMemberNikolsko-Rzhevskyy, Alex
dc.creatorSeth, Jaweria
dc.date.accessioned2012-04-19T14:05:01Z
dc.date.accessioned2012-04-19T14:05:02Z
dc.date.available2012-04-19T14:05:01Z
dc.date.available2012-04-19T14:05:02Z
dc.date.createdAugust 2011
dc.date.issued2011-08
dc.date.updated2012-04-19T14:05:02Z
dc.description.abstractResearch has shown that a decline in residential investments signals an impending decline in economic activity. Sources of demand for both residential and commercial real estate sectors are similar and this should move the markets in the same direction over the long-run. Since the residential market has already collapsed, the study of real estate investments is important. This paper utilizes real estate and macroeconomic data to forecast investment loans. Cointegration methods are used for the forecast because the data displays a tendency to move together. The results show that the forecast is inconsistent with the positive relationship between both real estate markets; the residential market will continue to decline, whereas the commercial market with see a positive growth from 2011-2012.
dc.description.departmentEconomics, Department of
dc.format.digitalOriginborn digital
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10657/246
dc.language.isoeng
dc.rightsThe author of this work is the copyright owner. UH Libraries and the Texas Digital Library have their permission to store and provide access to this work. Further transmission, reproduction, or presentation of this work is prohibited except with permission of the author(s).
dc.subjectCointegration
dc.subjectReal Estate
dc.subjectForecasting
dc.subject.otherApplied economics
dc.titleFORECASTING THE REAL ESTATE MARKET: A COINTEGRATED APPROACH
dc.type.dcmiText
dc.type.genreThesis
thesis.degree.collegeCollege of Liberal Arts and Social Sciences
thesis.degree.departmentEconomics, Department of
thesis.degree.disciplineApplied Economics
thesis.degree.grantorUniversity of Houston
thesis.degree.levelMasters
thesis.degree.nameMaster of Arts

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