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Flipping in the housing market
Leung, Charles Ka Yui; Tse, Chung-Yi - 2017
akin to the arbitraging middlemen in classical finance theory. In speeding up turnover, the flipping that takes place in a …
Persistent link: https://www.econbiz.de/10012013660
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Chapter 13. The Microstructure of Housing Markets : Search, Bargaining, and Brokerage
Han, Lu; Strange, William C. - In: Handbook of regional and urban economics : volume 5, (pp. 813-886). 2015
matching, and directed search models. It also examines the bargaining that takes place once a match has occurred, with the … reviews research on real estate brokers as intermediaries as well, focusing on the role of brokers in the matching and …
Persistent link: https://www.econbiz.de/10014025302
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Flipping the Housing Market
Leung, Charles K. - 2017
the arbitraging middlemen in classical finance theory. In speeding up turnover, the flipping that takes place in a …
Persistent link: https://www.econbiz.de/10012964547
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Flipping in the Housing Market
Leung, Charles K. - 2017
akin to the arbitraging middlemen in classical finance theory. In speeding up turnover, the flipping that takes place in a …
Persistent link: https://www.econbiz.de/10012964797
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Flipping in the Housing Market
Leung, Charles K. - 2017
akin to the arbitraging middlemen in classical finance theory. In speeding up turnover, the flipping that takes place in a …
Persistent link: https://www.econbiz.de/10012965035
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Financial Uncertainty Premium in Housing Markets
He, Donglin; Ruf, Daniel - 2023
This paper studies the pricing implications of financial uncertainty on housing markets. Out-of-sample tests show that the exposure to financial uncertainty predicts the cross-sectional variation in market returns. Housing markets with a more negative financial uncertainty beta imply higher...
Persistent link: https://www.econbiz.de/10014350425
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Illiquidity and its Discontents : Trading Delays and Foreclosures in the Housing Market
Hedlund, Aaron - 2015
This paper investigates the macroeconomic effects of search risk in the housing market. To do so, I introduce a tractable directed search model of housing with multidimensional buyer and seller heterogeneity. I incorporate this framework in an incomplete markets macroeconomic model with...
Persistent link: https://www.econbiz.de/10013037619
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The Geography of Housing Market Liquidity During the Great Recession
Famiglietti, Matthew - 2020
, often referred to as housing liquidity, is an important link that connects housing outcomes with real and credit variables … with the behavior of the housing market. The deterioration in housing liquidity was uniform across all house price tiers (i … housing liquidity and the severity of the deterioration in house prices and macroeconomic conditions …
Persistent link: https://www.econbiz.de/10012835596
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The Dynamics of the House Price-to-Income Ratio : Theory and Evidence
Leung, Charles K.; Tang, Edward Chi Ho - 2021
The house price-to-income ratio (PIR) is widely used as an affordability indicator. This paper complements the cross-sectionally focused literature by proposing a tractable model for the PIR dynamics. Our model predicts that the PIR is very persistent and is correlated to the lagged aggregate...
Persistent link: https://www.econbiz.de/10013236926
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Monopoly in real life : the housing market, finance and inequality
Baur, Dirk G. - 2019
This paper uses a simple model based on the board game Monopoly to analyze the drivers of house prices and wealth inequality. Simulations show that inequality generally builds up fast even if players have equal starting conditions and house prices are stable; rising house prices imply more...
Persistent link: https://www.econbiz.de/10012268409