Tu, Yong; Ong, Seow; Han, Ying - In: The Journal of Real Estate Finance and Economics 38 (2009) 3, pp. 254-274
changes and price volatility at housing unit level affect housing turnovers. Using a unique housing transaction database from … dynamics. The results illustrate that the rise and fall of a dwelling’s price can significantly affect housing turnovers in the … same direction. Higher volatility reduces housing turnovers. The effects are stronger in the domain of losses and are …