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inherently spatial one, with location choice and price determined by bundles of amenities. This paper examines four issues … price of most amenities is indeed amplified in urban markets. Thirdly, it exploits coverage of both sales and lettings …
Persistent link: https://www.econbiz.de/10011515013
The paper identifies neighbourhood price spillovers in the housing market. Although this concept attracted some … buyers of different houses and delays in revealing transaction prices. The results show that a 1% increase in the price of a … house increases its neighbour's price by up to 0.3% …
Persistent link: https://www.econbiz.de/10012900307
sells declines sharply after listing for two weeks. Moreover, the probability and associated price of a fast sale recover …
Persistent link: https://www.econbiz.de/10013417356
declines sharply after listing for two weeks. Moreover, the probability and associated price of a fast sale recover from the …
Persistent link: https://www.econbiz.de/10013419282
Conventional Mortgage Home Price Indices (CMPHI) and Federal Housing Finance Agency (FHFA) indices. To our knowledge, however … derivatives traded at the Chicago Mercantile Exchange. This study examines the behavior of monthly house price changes for 20 … steep and strong downturn of the U.S. housing market. The conducted analysis gives empirical evidence that house price …
Persistent link: https://www.econbiz.de/10014198083
Persistent link: https://www.econbiz.de/10012173807
Imperfect and costly information generates price dispersion in the market. This study employs data on housing assets … listed for sale on a leading online classified home service in Israel to assess the effect of quality-adjusted housing price … dispersion on time-on-market. We develop a model by which we generate the hypothesis according to which increased price …
Persistent link: https://www.econbiz.de/10013313437
.S. housing market, we show that the housing price response to interest rate change is very non-linear, suggesting cautions to …
Persistent link: https://www.econbiz.de/10011586592
structure on rent-price ratios, but smaller impacts on rent prices …
Persistent link: https://www.econbiz.de/10012849614
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