Archive for the 'Housing Prices' Category

Predicting Housing Prices Based on Historic Data Is Doo Doo

Published by Joseph Ferrara February 26th, 2007 in Housing Prices. 1 Comment

In a packed seminar January 30 on “How Far Will the Housing Bubble Burst?”, MIT Economist William C. Wheaton, showed how econometric forecasting models based on historic data were a lot of hooey. The models used to predict housing prices from 1998-2005, many of which were his own, were as accurate as a […]