Cindy Soo
Quantifying Sentiment with News Media across Local Housing Markets
Ross School|University of Michigan–Ann Arbor
paper develops first measures housing sentiment 34 cities across united states quantifying qualitative tone local housing news housing media sentiment significant predictive power future house prices leading prices nearly two years consistent theories investor sentiment media sentiment index greater effect markets speculative investors prevalent demand appears less informed directly examining content across news articles finds results driven news stories unobserved fundamentals received october 21 2015 editorial decision december 19 2017 editor robin greenwood authors furnished internet appendix available oxford university press web site next link final published paper online