Seasonal Cycles in the Housing Market

The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic cycle.

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Year of publication:	2012-01
Authors:	Selcuk, Cemil
Institutions:	Economics Section, Cardiff Business School
Subject:	housing \| search \| thin and thick markets \| seasonality

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Extent:	application/pdf
Series:	Cardiff Economics Working Papers. - ISSN 1749-6101.
Type of publication:	Book / Working Paper
Notes:	Number E2012/1 10 pages
Classification:	D39 - Distribution. Other ; D49 - Market Structure and Pricing. Other ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010640982