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Dynamics Between Housing and Stock Markets: International Evidence over 1870 to 2015

Pin-Te Lin & Ivelin Stankov

Journal of Real Estate Research2025https://doi.org/10.1080/08965803.2024.2442226article
ABDC B
Weight
0.48

What the paper says

This research investigates the dynamic relationship between housing and stock markets across nine countries. Using total return indices from 1870 to 2015, empirical results around the globe consistently show that stock and housing markets are linearly segmented, with fractional integration found in Denmark and the US. A positive lead-lag relationship from stock to housing is observed for most countries, offering support for the wealth effect theory. The results have important implications for portfolio diversification strategy and government policy.

5 citations

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https://doi.org/https://doi.org/10.1080/08965803.2024.2442226

Or copy a formatted citation

@article{pin-te2025,
  title        = {{Dynamics Between Housing and Stock Markets: International Evidence over 1870 to 2015}},
  author       = {Pin-Te Lin & Ivelin Stankov},
  journal      = {Journal of Real Estate Research},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1080/08965803.2024.2442226},
}

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Dynamics Between Housing and Stock Markets: International Evidence over 1870 to 2015

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Evidence weight

0.48

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.41 × 0.4 = 0.16
M · momentum0.63 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.