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For most homeowners, the house is not only the most important consumption good but also the dominant asset. A subjective assessment of home value is an inherent component of many household decisions, including portfolio choice, retirement planning and borrowing practices. The US Government,...
Persistent link: https://www.econbiz.de/10013114506
This paper uses a unique data set with housing consumption, well-being measures and time use patterns to explore the implications of homeownership. After controlling for income, housing quality and health, female homeowners are not better off than renters by a variety of measures, both global...
Persistent link: https://www.econbiz.de/10013114508
We examine whether, and how, listing strategies impact sale prices in residential home sales. Literatures in housing economics, negotiations, and auctions offer diverse predictions around this question. On the one hand, housing studies typically treat home prices as an objective function of...
Persistent link: https://www.econbiz.de/10013092725