Forecast

Horizon

Variance Decomposition of Residential Housing Value

LnHV

LnIncome

UE

LnM2

CPI

Total

2

99.377

0.239

0.049

0.061

0.273

100

5

73.819

2.441

2.734

14.917

1.778

100

10

58.990

2.850

4.672

25.938

7.550

100

12

55.364

2.678

5.664

28.502

7.792

100