This paper assesses the predictive power of variables that measure market tightness, such as seller's bargaining power and sale probabilities, on future home prices. Theoretical insights from a stylized search-and-matching model illustrate that such indicators can be associated with subsequent...

We develop a model of a monocentric, oil-exporting city. The model predicts producer price and transportation cost effects of oil price changes on the house price gradient. Empirical findings support the predictions, with house price changes positively linked to the price of oil in cities...

This paper assesses the predictive power of variables that measure market tightness, such as seller's bargaining power and sale probabilities, on future home prices. Theoretical insights from a stylized search-and-matching model illustrate that such indicators can be associated with subsequent...