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,...

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...

This paper investigates a potential housing bubble in Hong Kong in the 1990s. A within-city analysis is performed using a monthly panel data set on 324 large-scale housing complexes (estates) located in 17 out of 18 districts in Hong Kong. The empirical analysis focuses on crosssectional...