|Research Title:||When Are Real Estate Prices Predictable?|
|Description:||It appears that commercial rental prices in several US markets exhibit a "serial correlation" which makes them potentially predictable. This project asks under what conditions such prices are predictable, that is, are there characteristics of a local market (i.e. urban versus suburban) that make prediction possible? Perhaps even more interestingly, if such prices are predictable, there is a trading strategy that is identifiable that can exploit the predictability in rental rates.
This inquiry will be based a dataset consisting of historical rental rates across US markets for 8 years. Students will probably collect some additional data to complement this dataset depending on the direction of the project.
|Relevant Areas of Study:||
|Pre-requisites:||An ability and interest in working with data|
|Start Semester:||Fall 2013|
|Credits Per Semester:||1.0|
|Faculty Member:||Vasant Dhar (firstname.lastname@example.org)|
|Contact:||Vasant Dhar (Vdhar@stern.nyu.edu)|