Do real estate prices and stock prices move together? An international analysis

Real Estate Economics

Volumn 27, Issue 2, 1999, Pages 183-207

  Quan, Daniel C ^a   Titman, Sheridan ^b  

^a FEDERAL RESERVE BOARD   (United States)

^b UNIVERSITY OF TEXAS AT AUSTIN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0033447844     PISSN: 10808620     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6229.00771     Document Type: Article

References (14)

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3. Fu, Y. and L. Ng. 1997. Fundamental News and Price Adjustment in the Real Estate and Stock Markets: Evidence from the Hong Kong Market. Working paper. Department of Economics and Finance, City University of Hong Kong.
4. Goetzmann, W. and S. Wachter. 1995. The Global Real Estate Crash: Evidence From an International Database. Working paper. Yale School of Management.
5. Gyourko, J. and D. Keim. 1992. What Does the Stock Market Tell Us About Real Estate Returns. AREUEA Journal 20: 457-485.
6. Gyourko, J. and P. Linneman. 1988. Owner-Occupied Homes, Income-Producing Properties, and REITs as Inflation Hedges: Empirical Findings. Journal of Real Estate Finance and Economics, 1: 347-372.
7. Hartzell, D. 1986. Real Estate in the Portfolio. F. J. Fabozzi, editor. The Institutional Investor: Focus on Investment Management. Ballinger: Cambridge, MA.
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9. Ibbotson, R. and L. Siegel. 1984. Real Estate Returns: A Comparison with Other Investments. AREUEA Journal 12: 219-241.
10. Liu, C., D. Hartzell and M. Hoesli. 1997. International Evidence on Real Estate Securities as an Inflation Hedge. Real Estate Economics 25: 193-221.
11. Liu, C. and J. Mei. 1998. The Predictability of International Real Estate Markets, Exchange Risks and Diversification Consequences. Real Estate Economics 26: 3-40.
12. Quan, D. and J. Quigley. 1991. Price Formation and the Appraisal Function in Real Estate Markets. Journal of Real Estate Finance and Economics 4: 127-146.
13. Shiller, R. 1981. Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? American Economic Review 71: 421-436.
14. Worzala, E. and K. Vandell. 1993. Internation Direct Real Estate Investments as Alternative Portfolio Assets for Institutional Investors: An Evaluation. Paper presented at the 1993 AREUEA meetings, Anaheim, CA.