Real estate markets are periodically plagued by excess supply, rent concessions and few arms-length transactions …

. Subsequently, housing-price inequality has risen to pre-War levels, while rent inequality has risen less. Combining both measures …

rent are strongly correlated with perceptions of house price risk. Households' exposure to housing risk due to financial … constraints, expected mobility or labor income risk affect the decision to buy versus rent but do not mitigate the impact of risk …

rent level that is closer to the city of origin, relative to comparable locals. Building on “Memory, Attention, and Choice … database of experiences such as rents. The current rent cues recall of past rents, giving rise to a rental norm. A large … discrepancy between the current rent and the memory-based norm surprises and attracts the mover's attention, distorting choice …