虽然我们没有滞后反应,包括在我们的模型调整,我们面临着是否要包括依赖和独立变量滞后值的实证问题.方程（4）暗示,为期一年的滞后因变量应该出现在回归价值,但是初步结果表明,我们不应该包括一个滞后因变量,所以我们没有：在回归一般归因于几乎所有的解释力因变量的滞后,几乎没有人来叫我们的模型或其他回归结果的其他因素.为了减少同时性的偏见,这三个描述当地的经济条件和一个描述房地产市场状况的每个变量的滞后一年.
英语翻译Though we did not include lagged reactions or adjustment
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