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Persistent link: https://www.econbiz.de/10012804144
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Based on the theoretical framework of financial amplification, this study investigates the dynamic effects of financial stress on the performance of the U.S. real estate market proxied by Real Estate Investment Trust (REIT) returns in the United States using vector autoregressive (VAR) analysis....
Persistent link: https://www.econbiz.de/10010907136
We explore the effects of mandatory third-party review of mortgage contracts on consumer choice--including the terms … and demand for mortgage credit. Our study is based on a legislative pilot carried out by the State of Illinois in a … selected set of zip codes in 2006. Mortgage applicants with low FICO scores were required to attend loan reviews by financial …
Persistent link: https://www.econbiz.de/10010950923
exploit the richness of our data and measure the relative expensiveness of a given mortgage as the excess rate of a mortgage … after accounting for a broad set of borrower, contract, and regional characteristics associated with a given mortgage … mortgage advertising induced by the entry of Craigslist across different regions to demonstrate that the relation between …
Persistent link: https://www.econbiz.de/10010950963
Canadian mortgage market. Since interest rates are determined through a search and negotiation process, consolidation …
Persistent link: https://www.econbiz.de/10010950992
We bring new evidence to bear on the role of intermediaries in frictional matching markets and on how parties design contracts with them. Specifically, we examine two features of contracts between landlords and agents in the Manhattan residential rental market. In our data, 72 percent of...
Persistent link: https://www.econbiz.de/10011209631
This paper studies the real estate brokerage industry in Greater Boston, an industry with low entry barriers and substantial turnover. Using a comprehensive dataset of agents and transactions from 1998-2007, we find that entry does not increase sales probabilities or reduce the time it takes for...
Persistent link: https://www.econbiz.de/10009226934
flexible way. The model is estimated using a newly assembled data set that matches demographic information from mortgage …
Persistent link: https://www.econbiz.de/10009228891
We compare house sales on a For-Sale-By-Owner (FSBO) platform to Multiple Listing Service (MLS) sales and find that FSBO precommission prices are no lower, but that FSBO is less effective in terms of time to sell and probability of a sale. We do not find direct evidence of the importance of...
Persistent link: https://www.econbiz.de/10008596311