We examine anchoring to the price paid at purchase during an important cycle, 2000-2017. We exploit differences between the actual house price index and one that corrects for loss and gain behavior. Results suggest that anchoring was associated with reductions in observed changes in house prices...

Property market dynamics depend on changes in long run equilibrium and on impediments to adjustment towards equilibrium. Mortgage termination due to mobility, default and refinancing provides a lens for evaluating property market adjustments. The borrower's decision to move as an adjustment...

A rapidly expanding universe of technology-focused startups is trying to change and improve the way real estate markets operate. The undisputed predictive power of machine learning (ML) models often plays a crucial role in the 'disruption' of traditional processes. However, an accountability gap...