Dynamics of the Long Term Housing Yield
Using a natural experiment in UK housing, Verónica Bäcker-Peral, Atif Mian and I have created a new series measuring the long term housing yield from 2003-present.
Our estimate of the long term housing yield is precise, avoids certain misspecification concerns, and provides real-time estimates using publicly available data.
Here is a link to the project website, with real time estimates and replication instructions. Here is a link to the associated paper, ``Dynamics of the Long Term Housing Yield: Evidence from Natural Experiments".
Comments and feedback welcome!