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between prices, demand and supply. Since vacancy rates are not observable, the demand-supply mismatches are identified using a … markets when complete demand, supply and pricing data are not available. The model may also be useful when data are available …
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explicitly models the relationship between changes in house prices and various measures of housing supply. The results show that … months supply of new homes places greater downward pressure on house prices that the months supply of existing homes. We …
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supply conditions, interact with expectations-driven housing market fluctuations. …
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