structural search model that allows housing owners to buy second houses to let out, and let rents be determined endogenously. To …In this paper, I explore and explain how buy-to-let investors affect housing price dynamics. The impact of buy …-to-let investors on the housing market is much discussed by policy makers, but previously not considered in the literature. I develop a …

model, the search and matching theory and behavioral economics. Concerning the latter, we propose a new framework to explain …We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed … vacancies in the housing market in the context of prospect theory which could be extended by future research. Second, we …

This chapter surveys the literature on the microstructure of housing markets. It considers one-sided search, random … matching, and directed search models. It also examines the bargaining that takes place once a match has occurred, with the … bargaining taking various forms, including two-party negotiations of different types and multiparty housing auctions. The chapter …

job search with liquid wealth accumulation and consumption of housing that can be rented, bought on credit, or sold. In … job search. More selective job searches deteriorate employment transitions: job finding and job-to-job transitions rates … using NLSY data from 1978 until 2005. We find that more relaxed housing lending conditions, particularly lower downpayment …

This paper examines whether the Mortensen-Pissarides matching model can account for the housing markets facts, most of … facts of housing market, without any restrictive assumption and in a very simple framework. …

well as the evolution of the housing market. We study the effects of housing taxation in a model with search and matching …Housing taxation is an important policy instrument that shapes households' choices about homeownership and renting as … frictions in the property market and a competitive rental market. We show a new transmission channel for a housing tax reform …

The housing market is subject to search frictions in buying and selling houses. This paper documents the role of …, while the signs of their correlations with houses for sale are found to be time varying. A calibrated search-and-matching … inflows (new listings) and outflows (sales) in explaining the volatility and co-movement of housing-market variables. An 'ins …

We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function …