When a house is placed on the market, the seller must choose a ílistî or íaskingî price. While there is near universal agreement that a house seller faces a trade off in choosing this price, there is less agreement about how to measure this trade off. This paper offers a model based on the...

The number of closed housing transactions is a direct indicator of local housing market conditions. Transaction volume is affected by many external factors. This study uses a unique database to examine local economic data from 27 markets in the US from 1990 to the third quarter of 2011 in order...