QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES

OBJECTIVE: To explain Mexican home prices using fundamental, macroeconomic variables in order to identify possible financial bubble tendencies within the Mexican national housing market during the period 2005 to 2018. MATERIAL AND METHOD: The present study analyzes quarterly data of Mexican real est...

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Detalhes bibliográficos
Autor: Michael Demmler
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2019
País:México
Recursos:Universidad Juaréz Autónoma de Tabasco
Repositorio:Repositorio Institucional de la Universidad Juárez Autónoma de Tabasco
Idioma:español
OAI Identifier:oai:ri.ujat.mx:20.500.12107/3724
Acesso em linha:https://ri.ujat.mx/handle/20.500.12107/3724
Access Level:acceso abierto
Palavra-chave:info:eu-repo/classification/cti/5
Mexican real estate market
Asset price bubble
Regression analysis
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oai_identifier_str oai:ri.ujat.mx:20.500.12107/3724
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repository_id_str
spelling QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICESMichael Demmlerinfo:eu-repo/classification/cti/5Mexican real estate marketAsset price bubbleRegression analysisOBJECTIVE: To explain Mexican home prices using fundamental, macroeconomic variables in order to identify possible financial bubble tendencies within the Mexican national housing market during the period 2005 to 2018. MATERIAL AND METHOD: The present study analyzes quarterly data of Mexican real estate market prices and various fundamental, macroeconomic variables during the period 2005 to 2018. The quantitative research approach of the study is based on descriptive statistics and regression analyses. RESULTS: The main results of the study are as follows: First, a simple comparison between market prices and fundamental values shows some kind of (preliminary) evidence of bubble tendencies on the Mexican national real estate market. Secondly, a more sophisticated regression analysis concludes that especially the fundamental variables outstanding mortgage volume and unemployment rate can explain real estate market price movements almost perfectly. CONCLUSIONS: The hypothesis of a financial bubble within the national Mexican real estate market is then rejected, in the considered period 2005 to 2018.analistainfo:eu-repo/dai/mx/orcid/0000-0001-5562-9541DENISE GOMEZ-HERNANDEZ2022-04-08T16:41:17Z2022-04-08T16:41:17Z2019-09-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://doi.org/10.19136/hitos.a25n73.3637application/pdfhttps://ri.ujat.mx/handle/20.500.12107/3724reponame:Repositorio Institucional de la Universidad Juárez Autónoma de Tabascoinstname:Universidad Juaréz Autónoma de Tabascoinstacron:UJATspainfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0oai:ri.ujat.mx:20.500.12107/37242025-11-26T19:13:19Z
dc.title.none.fl_str_mv QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
title QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
spellingShingle QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
Michael Demmler
info:eu-repo/classification/cti/5
Mexican real estate market
Asset price bubble
Regression analysis
title_short QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
title_full QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
title_fullStr QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
title_full_unstemmed QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
title_sort QUANTITATIVE ANALYSIS OF THE BEHAVIOR OF NATIONAL MEXICAN REAL ESTATE PRICES
dc.creator.none.fl_str_mv Michael Demmler
author Michael Demmler
author_facet Michael Demmler
author_role author
dc.contributor.none.fl_str_mv analista
info:eu-repo/dai/mx/orcid/0000-0001-5562-9541
DENISE GOMEZ-HERNANDEZ
dc.subject.none.fl_str_mv info:eu-repo/classification/cti/5
Mexican real estate market
Asset price bubble
Regression analysis
topic info:eu-repo/classification/cti/5
Mexican real estate market
Asset price bubble
Regression analysis
description OBJECTIVE: To explain Mexican home prices using fundamental, macroeconomic variables in order to identify possible financial bubble tendencies within the Mexican national housing market during the period 2005 to 2018. MATERIAL AND METHOD: The present study analyzes quarterly data of Mexican real estate market prices and various fundamental, macroeconomic variables during the period 2005 to 2018. The quantitative research approach of the study is based on descriptive statistics and regression analyses. RESULTS: The main results of the study are as follows: First, a simple comparison between market prices and fundamental values shows some kind of (preliminary) evidence of bubble tendencies on the Mexican national real estate market. Secondly, a more sophisticated regression analysis concludes that especially the fundamental variables outstanding mortgage volume and unemployment rate can explain real estate market price movements almost perfectly. CONCLUSIONS: The hypothesis of a financial bubble within the national Mexican real estate market is then rejected, in the considered period 2005 to 2018.
publishDate 2019
dc.date.none.fl_str_mv 2019-09-02
2022-04-08T16:41:17Z
2022-04-08T16:41:17Z
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
https://doi.org/10.19136/hitos.a25n73.3637
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://ri.ujat.mx/handle/20.500.12107/3724
url https://ri.ujat.mx/handle/20.500.12107/3724
dc.language.none.fl_str_mv spa
language spa
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-sa/4.0
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/4.0
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Institucional de la Universidad Juárez Autónoma de Tabasco
instname:Universidad Juaréz Autónoma de Tabasco
instacron:UJAT
instname_str Universidad Juaréz Autónoma de Tabasco
instacron_str UJAT
institution UJAT
reponame_str Repositorio Institucional de la Universidad Juárez Autónoma de Tabasco
collection Repositorio Institucional de la Universidad Juárez Autónoma de Tabasco
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812455

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