Fear and Loathing in the Housing Market: Evidence from Search Query Data

Marcelle Chauvet, Stuart Gabriel, Chandler Lutz

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

We use Google search data to develop a broad-based and real-time index of
housing distress. Unlike established indicators, this new Housing Distress Index
(HDI) directly reflects sentiment revealed through search queries. Research findings
indicate that the HDI provides important new insights in the determination of
subprime mortgage credit-default swaps, the VIX, foreclosures, and national or
city-specific housing returns. Further, the effects of housing distress on returns
are asymmetric and stronger during times of crisis. Overall, results suggest that
real estate and related markets are highly sensitive to vulnerabilities in household
finances as captured by our measure of housing distress.
OriginalsprogEngelsk
Publikationsdato2014
Antal sider49
StatusUdgivet - 2014
BegivenhedThe 49th AREUEA-ASSA Conference 2014 - Philadelphia, PA, USA
Varighed: 3 jan. 20145 jan. 2014
Konferencens nummer: 49
https://www.areuea.org/conferences/details.phtml?id=95

Konference

KonferenceThe 49th AREUEA-ASSA Conference 2014
Nummer49
LandUSA
ByPhiladelphia, PA
Periode03/01/201405/01/2014
AndetIncl. joint sessions with the American Economic Association (AEA) and with the American Finance Association (AFA)
Internetadresse

Emneord

  • Housing crises
  • Housing distress
  • Housing fear

Citationsformater

Chauvet, M., Gabriel, S., & Lutz, C. (2014). Fear and Loathing in the Housing Market: Evidence from Search Query Data. Afhandling præsenteret på The 49th AREUEA-ASSA Conference 2014, Philadelphia, PA, USA.