We explore how house prices evolve under technological progress, when housing serves for consumption as well as store …

In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute …

have more difficulties in explaining short run developments of the housing markets. However, the fact that during such …. We also show that commonly used housing market indicators, notably the number of vacancies (houses for sale) and the time …

In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller …. Asymmetric information is the starting point of many models for the housing market. In this paper, we estimate the causal effect …

This paper identifies the role of cultural diversity in explaining spatial disparities in wages and housing prices … and housing market. We find that an increase in the cultural diversity of the population positively impacts equilibrium … wages and housing prices, particularly in the largest and most densely populated cities. This result is largely driven by …

often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing … all parts of the housing market. Our approach is based on a generalization of the familiar (constant unit price) Muth … model to a situation of in which the unit price of housing services may depend on the quality level. We apply the method to …

attention to the heterogeneous impact of the boom and bust periods along the dimensions of housing type (single vs multifamily … housing), geography and quality. To allow for price developments that can differ by quality, we use a recently developed … validity of the common assumption of a constant unit price and reject it decisively. We use detailed housing transaction data …

This paper analyzes the impact of the sale of rental housing in Amsterdam on the local housing market. This increases … the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different … the issue by considering the sale of private as well as social rental housing, allow for differing time trends within the …

We study the effect of borrowing constraints in an assignment model of the housing market. When constraints apply … symmetrically to all households, these lead to lower prices but unchanged housing consumption. When households can invest their own … wealth and may differ in tastes, borrowing constraints will in general result in lower house prices and higher housing …