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Eugene Fama — For Whom Is The Market Efficient?

The Joe Walker Podcast

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Navigating Housing Market Efficiency

This chapter explores the complexities of assessing market efficiency in the housing sector, highlighting challenges such as data quality and high transaction costs. It examines the relationship between house prices and future rents, drawing parallels with stock price volatility while questioning the existence and predictability of market bubbles. Through a critical analysis of various metro areas, the chapter underscores the need for better market development in the face of inherent inefficiencies.

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