How homes sell matters for housing price dynamics. Auction prices forecast better, display less momentum and help … shocks to prices differently and, in light of auction and bargaining theories, suggest price momentum originates in sluggish …

This paper reports on the results of an auction sale of 83 condominium apartment units in New Jersey. At the auction … fetched at auction and the discount was largest for those units hammered down early in the auction. These results are … auction may have been the subject of a "winner's curse" which generated considerable profit for the seller …

In Australian real estate markets, about a third of properties are sold at auction. We show that properties that fail … made. Consistent with a causal channel, the effect holds when auction failure is instrumented by the tendency of owners to …

interests that played a deci- sive role in the establishment of the auction mechanism. The article provides an analysis of the … formal and informal rules of the auction trade for real estate and argues that 19 th century real estate auctions did not … than auction theory assumes. …