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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 household groups. Earlier literature focused on the former...
Persistent link: https://www.econbiz.de/10012925687
narrowly in the extant literature. Our results demonstrate that when sellers have bargaining power, transactions including …, transactions including concessions experience lower prices and longer marketing periods …
Persistent link: https://www.econbiz.de/10012928826
narrowly in the extant literature. Our results demonstrate that when sellers have bargaining power, transactions including …, transactions including concessions experience lower prices and longer marketing periods …
Persistent link: https://www.econbiz.de/10012965171
This study investigates price and time-on-market effects of estate sales of houses versus typical housing transactions … using a sample of 180,921 sold properties. The hypothesis that estate sales sell at a discount and sell more quickly than …
Persistent link: https://www.econbiz.de/10013097377
We offer a theoretical and empirical comparison of auctions and negotiated sales. We first build a simple model to show … that auctions generate a higher relative price than negotiated sales when demand for the asset is strong, when the asset is … more homogeneous, and when the asset attracts buyers with higher valuations. Using data from property sales in Singapore …
Persistent link: https://www.econbiz.de/10013127361
We exploit a natural experiment in Denmark to investigate when forced sales lead to fire sale discounts. Forced sales … estate, and hence sell the house, within 12 months. We identify 6,329 forced sales by suddenly deceased house owners, and … find that forced sales bring in lower prices than do comparable houses as the deadline winds down: We find no discounts for …
Persistent link: https://www.econbiz.de/10012856988
risk. Conversely, when a presale option is available, developers will accelerate sales when price volatility is high …
Persistent link: https://www.econbiz.de/10012899319
The paper discusses the impact of distressed sales on recent estimates of house price changes in California. Using … after removing sales occurring after NOD filings. The paper also shows the effect that such sales are having on an index … constructed using county recorder data (as opposed to the Fannie Mae/Freddie Mac-financed mortgages). Distressed sales are shown …
Persistent link: https://www.econbiz.de/10013159269
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