Housing price volatility and timing of housing supply in pre-sale market
نویسندگان
چکیده
منابع مشابه
Essays on Housing Supply and House Price Volatility
A typical U.S. family devotes about a quarter of its annual income and half or more of its net worth to housing. Both the level and volatility of house prices thus have important implications for household behavior and welfare, as well as for the aggregate U.S. economy. Recent research has emphasized the importance of housing supply in determining house prices in different U.S. markets. This di...
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I propose a stylized model of the house-selling process in which sellers possess incomplete information regarding the state of the housing market. Consistent with the data, the model generates a negative correlation between house prices and time on market. This result is robust to the presence of real estate agents with complete information. I construct a measure of homeowner perceptions of hou...
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ژورنال
عنوان ژورنال: Journal of Housing and Urban Finance
سال: 2020
ISSN: 2508-3872,2733-4139
DOI: 10.38100/jhuf.2020.5.2.5