vacancies are presented under the assumptions of the standard market model, the search and matching theory and behavioral …There are different causes for vacancies in the housing market. The scientific literature provides a series of … economics. Concerning the latter, a new theoretical framework is used in order to explain vacancies in the housing market in the …

In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller …. Asymmetric information is the starting point for many models for the housing market. In this paper, we estimate the causal effect …

Three striking empirical regularities have been repeatedly reported: the positive correlation between housing prices … and trading volume, between housing price and the time-on-the-market (TOM), and the existence of price dispersion. This … short paper provides perhaps the first unifying framework which mimics these phenomena in a simple competitive search …

for a really bad school compared to just a bad school. In this paper, we formulate a simple housing search model that … education via housing. First, alternative schooling arrangements (e.g., private school, home schooling, magnet schools, etc) can … air pollution on housing prices, they included a dummy variable which indicated residents' attitudes about the quality of …

consistent with micro evidence on housing choices. We find that a decline in the rate of household formation, increased delay in …

and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as …

-generation model with housing. We find that the long-run importance of the introduction of new mortgage products for the aggregate …

that the volume of housing transactions increases when the payment profile is increasing and households have little housing … participation effects without increasing the volatility of the housing market. The model predicts that the expansion of mortgage …

In this paper, we review the German practice of imputing the costs of owner-occupied housing by increasing the relative … weight of actual rents in the CPI. As the structure of owner-occupied housing differs substantially from that of rental … housing, this variant of the imputation method may cause a bias in the German CPI. For assessing the appropriateness of the …