Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - National Bureau of Economic Research - 2024
real estate agent commissions on home prices, housing turnover, and consumer welfare. Using a calibrated dynamic structural … search model of the housing market, we explore how lowering agent commissions might influence market equilibrium. Our … analysis highlights the importance of accounting for the dynamic nature of the housing market, consumer heterogeneity, and …