heterogeneous, infinitely lived households and competitive housing and mortgage markets. Households have the option to default on … equilibrium mortgage origination and increases aggregate welfare, but has little effect on foreclosure rates and housing …

Chetty and Szeidl (2012) propose to estimate the effect of housing on portfolio choice by distinguishing between the …

Housing markets clear, in part, through the time that buyers and sellers spend on the market. We show that demand …

Housing transactions by owner-occupiers take two steps, purchase of a new property and sale of the old housing unit …. This paper shows how the transaction sequence decision of owner-occupiers depends on, and in turn, affects housing market … conditions in an equilibrium search-and-matching model of the housing market. We show that home-owners prefer to buy first …

homeowners chose when to move house, which can be seen as an investment in housing match quality. Since moving house is an … existing match quality distribution, which gives rise to a cleansing effect and leads to overshooting of housing …

Housing transactions by existing homeowners take two steps, a purchase of a new property and sale of the old housing … unit. These two decisions are not independent, and their sequence may depend on the state of the housing market. This paper … shows how the sequence of buyer-seller decisions depends on, and in turn, affects housing market conditions in an …