Real Estate Analysis: Rationalizing
the Irrational
¨Application Sample 3:
prices-rates correlate recently ONLY!
0.36
(0.60)
Nominal Home $ and Long
Rate
2000-2007
0.40
(0.63)
Real Home $ and Long Rate
2000-2007
0.54
(0.73)
Nominal Home $ and Long
Rate
1990-2007
0.43
(0.66)
Real Home $ and Long Rate
1990-2007
0.63
0.79
Nominal Home $ and Long
Rate
1951-1989
0.01
0.08
Real Home $ and Long Rate
1951-1989
0.16
(0.40)
Nominal Home $ and Long
Rate
1890-1950
0.01
(0.12)
Real Home $ and Long Rate
1890-1950
0.15
0.39
Nominal Home $ and Long
Rate
1890-2007
0.08
0.28
Real Home $ and Long Rate
1890-2007
R2
R
Between X and Y
Years: (USA)