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Article Details ::
Article Name :
U.S. HOUSING SALES: AN ECONOMETRIC EVALUATION
Author Name :
Roopshikha , Esther Ngaihte
Publisher :
Ashok Yakkaldevi
Article Series No. :
ROR-840
Article :
Author Profile
Abstract :
The US housing sector has been at the core of the financial crisis in recent times. It began due to the presence of a housing bubble from 2005-06. The inability to finance aggressive mortgages taken at the height of the bubble meant an increase in foreclosures. This paper tries to model the major determinants of housing sales through econometric model, to see which variables are significant in explaining it. We try to give a (ex-post) forecast of what is to come in the next year. We compare it with the actual values to check the accuracy of our model.
Keywords :
 
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