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This study tests for the presence of Evans' (1991) periodically collapsing bubbles in four real estate investment trust (REIT) classifications in the US by employing the momentum threshold autoregressive (MTAR) model and the MTAR model with smooth transition in trend (i.e., the LNV-MTAR model).
Did you know there are four classifications of risk in the real estate industry?
Real estate.
I think real estate.
Real estate is booming.
Real estate is rebounding.
To buy real estate.
No real estate.
"Real estate," he said.
Call real estate agents.
So real estate matters.
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