{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2011:IELPM6I6FPV3QEC6JHVA3BEW5F","short_pith_number":"pith:IELPM6I6","canonical_record":{"source":{"id":"1103.5971","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-03-30T15:55:56Z","cross_cats_sorted":["q-fin.PR","q-fin.ST"],"title_canon_sha256":"d3d75872dd5e71d2d790721718c6246700b60253549967a84a3adfbee2cf31b6","abstract_canon_sha256":"8a6f4e148a90d64453ba1180eaf988dab19e73db9633b73d36aba9185c24e199"},"schema_version":"1.0"},"canonical_sha256":"4116f6791e2bebb8105e49ea0d8496e96edf45325733a818475c0684b6df88df","source":{"kind":"arxiv","id":"1103.5971","version":1},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1103.5971","created_at":"2026-05-18T04:25:26Z"},{"alias_kind":"arxiv_version","alias_value":"1103.5971v1","created_at":"2026-05-18T04:25:26Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1103.5971","created_at":"2026-05-18T04:25:26Z"},{"alias_kind":"pith_short_12","alias_value":"IELPM6I6FPV3","created_at":"2026-05-18T12:26:30Z"},{"alias_kind":"pith_short_16","alias_value":"IELPM6I6FPV3QEC6","created_at":"2026-05-18T12:26:30Z"},{"alias_kind":"pith_short_8","alias_value":"IELPM6I6","created_at":"2026-05-18T12:26:30Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2011:IELPM6I6FPV3QEC6JHVA3BEW5F","target":"record","payload":{"canonical_record":{"source":{"id":"1103.5971","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-03-30T15:55:56Z","cross_cats_sorted":["q-fin.PR","q-fin.ST"],"title_canon_sha256":"d3d75872dd5e71d2d790721718c6246700b60253549967a84a3adfbee2cf31b6","abstract_canon_sha256":"8a6f4e148a90d64453ba1180eaf988dab19e73db9633b73d36aba9185c24e199"},"schema_version":"1.0"},"canonical_sha256":"4116f6791e2bebb8105e49ea0d8496e96edf45325733a818475c0684b6df88df","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T04:25:26.986723Z","signature_b64":"a3f7froHQw6UBiK31AwqGCe98AEuSkS7uuYJmBO/WkmOzzXPLDc68B+K5l/wniNXwl1Y6wNZSnDLEKTqHQpyCA==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"4116f6791e2bebb8105e49ea0d8496e96edf45325733a818475c0684b6df88df","last_reissued_at":"2026-05-18T04:25:26.985925Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T04:25:26.985925Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"1103.5971","source_version":1,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T04:25:26Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"+JA1gO9yypKL5E41WCePjs52uXt1t5DJQ2omNqHQPBPHmtsAJ+XWoK1ygAPYFmat4m2LWoG5TGUoMoSbKttzCg==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-27T08:33:07.511838Z"},"content_sha256":"3dfdf15ffd06bec10a8ac21f478bc7cc2cbd69f8e7fa2017c1189013ad72dd7e","schema_version":"1.0","event_id":"sha256:3dfdf15ffd06bec10a8ac21f478bc7cc2cbd69f8e7fa2017c1189013ad72dd7e"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2011:IELPM6I6FPV3QEC6JHVA3BEW5F","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"Housing risk and return: Evidence from a housing asset-pricing model","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.PR","q-fin.ST"],"primary_cat":"q-fin.PM","authors_text":"John Cotter, Karl Case, Stuart Gabriel","submitted_at":"2011-03-30T15:55:56Z","abstract_excerpt":"This paper investigates the risk-return relationship in determination of housing asset pricing. In so doing, the paper evaluates behavioral hypotheses advanced by Case and Shiller (1988, 2002, 2009) in studies of boom and post-boom housing markets. The paper specifies and tests a multi-factor housing asset pricing model. In that model, we evaluate whether the market factor as well as other measures of risk, including idiosyncratic risk, momentum, and MSA size effects, have explanatory power for metropolitan-specific housing returns. Further, we test the robustness of the asset pricing results "},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1103.5971","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T04:25:26Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"MzXyKxAcmVhAAnDxjbvUI826t4m/jO1TPpqrwKKU1isgHchuGLdbo9p0nCeTMdLOy5zZmzeSMMucSShD5FdpCg==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-27T08:33:07.512175Z"},"content_sha256":"dd0fd529ac931305b9a0f3c932a85a532c49842cecabf28cdc12dd1e273fcf73","schema_version":"1.0","event_id":"sha256:dd0fd529ac931305b9a0f3c932a85a532c49842cecabf28cdc12dd1e273fcf73"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/IELPM6I6FPV3QEC6JHVA3BEW5F/bundle.json","state_url":"https://pith.science/pith/IELPM6I6FPV3QEC6JHVA3BEW5F/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/IELPM6I6FPV3QEC6JHVA3BEW5F/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-06-27T08:33:07Z","links":{"resolver":"https://pith.science/pith/IELPM6I6FPV3QEC6JHVA3BEW5F","bundle":"https://pith.science/pith/IELPM6I6FPV3QEC6JHVA3BEW5F/bundle.json","state":"https://pith.science/pith/IELPM6I6FPV3QEC6JHVA3BEW5F/state.json","well_known_bundle":"https://pith.science/.well-known/pith/IELPM6I6FPV3QEC6JHVA3BEW5F/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2011:IELPM6I6FPV3QEC6JHVA3BEW5F","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"8a6f4e148a90d64453ba1180eaf988dab19e73db9633b73d36aba9185c24e199","cross_cats_sorted":["q-fin.PR","q-fin.ST"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-03-30T15:55:56Z","title_canon_sha256":"d3d75872dd5e71d2d790721718c6246700b60253549967a84a3adfbee2cf31b6"},"schema_version":"1.0","source":{"id":"1103.5971","kind":"arxiv","version":1}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1103.5971","created_at":"2026-05-18T04:25:26Z"},{"alias_kind":"arxiv_version","alias_value":"1103.5971v1","created_at":"2026-05-18T04:25:26Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1103.5971","created_at":"2026-05-18T04:25:26Z"},{"alias_kind":"pith_short_12","alias_value":"IELPM6I6FPV3","created_at":"2026-05-18T12:26:30Z"},{"alias_kind":"pith_short_16","alias_value":"IELPM6I6FPV3QEC6","created_at":"2026-05-18T12:26:30Z"},{"alias_kind":"pith_short_8","alias_value":"IELPM6I6","created_at":"2026-05-18T12:26:30Z"}],"graph_snapshots":[{"event_id":"sha256:dd0fd529ac931305b9a0f3c932a85a532c49842cecabf28cdc12dd1e273fcf73","target":"graph","created_at":"2026-05-18T04:25:26Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"This paper investigates the risk-return relationship in determination of housing asset pricing. In so doing, the paper evaluates behavioral hypotheses advanced by Case and Shiller (1988, 2002, 2009) in studies of boom and post-boom housing markets. The paper specifies and tests a multi-factor housing asset pricing model. In that model, we evaluate whether the market factor as well as other measures of risk, including idiosyncratic risk, momentum, and MSA size effects, have explanatory power for metropolitan-specific housing returns. Further, we test the robustness of the asset pricing results ","authors_text":"John Cotter, Karl Case, Stuart Gabriel","cross_cats":["q-fin.PR","q-fin.ST"],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-03-30T15:55:56Z","title":"Housing risk and return: Evidence from a housing asset-pricing model"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1103.5971","kind":"arxiv","version":1},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:3dfdf15ffd06bec10a8ac21f478bc7cc2cbd69f8e7fa2017c1189013ad72dd7e","target":"record","created_at":"2026-05-18T04:25:26Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"8a6f4e148a90d64453ba1180eaf988dab19e73db9633b73d36aba9185c24e199","cross_cats_sorted":["q-fin.PR","q-fin.ST"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.PM","submitted_at":"2011-03-30T15:55:56Z","title_canon_sha256":"d3d75872dd5e71d2d790721718c6246700b60253549967a84a3adfbee2cf31b6"},"schema_version":"1.0","source":{"id":"1103.5971","kind":"arxiv","version":1}},"canonical_sha256":"4116f6791e2bebb8105e49ea0d8496e96edf45325733a818475c0684b6df88df","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"4116f6791e2bebb8105e49ea0d8496e96edf45325733a818475c0684b6df88df","first_computed_at":"2026-05-18T04:25:26.985925Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T04:25:26.985925Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"a3f7froHQw6UBiK31AwqGCe98AEuSkS7uuYJmBO/WkmOzzXPLDc68B+K5l/wniNXwl1Y6wNZSnDLEKTqHQpyCA==","signature_status":"signed_v1","signed_at":"2026-05-18T04:25:26.986723Z","signed_message":"canonical_sha256_bytes"},"source_id":"1103.5971","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:3dfdf15ffd06bec10a8ac21f478bc7cc2cbd69f8e7fa2017c1189013ad72dd7e","sha256:dd0fd529ac931305b9a0f3c932a85a532c49842cecabf28cdc12dd1e273fcf73"],"state_sha256":"2cc66adc85798b8beb1b899cc605a787afd846fc7f5770379ef8241657b4c056"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"hvk7SaoFHPNa/fGlF1iSHh6Ir9zcM9LTB0PsYT+u5DT2gdtcwjaHk/PIbfjTrSPpWZnkd0w+3/gXz2YqRb7uAQ==","signed_message":"bundle_sha256_bytes","signed_at":"2026-06-27T08:33:07.514035Z","bundle_sha256":"2273f3c116530c1e0d89d5dab6ce0a4f907b26e3b8bced80cd4488b832aed29d"}}