Image of Local Experiences, Search, and Spillovers in the Housing Market

Local Experiences, Search, and Spillovers in the Housing Market

Recent local price growth explains differences in search behavior across prospective homebuyers. Those experiencing higher growth in their postcode of residence search more broadly across locations and house characteristics, without changing attention devoted to individual sales listings, and have shorter search duration. Effects are stronger for homeowners, in particular those living in less wealthy areas and looking for a new primary residence. We use reduced-form analysis and a quantitative equilibrium model to show that the expansion of search breadth translates into widespread spillovers onto house sales prices and inventories of listings across postcodes within a metropolitan area.

Ketersediaan
Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana (Koleksi Majalah)1
Informasi Detail
Judul Seri
-
No. Panggil
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Penerbit
USA : The American Finance Association.,
Deskripsi Fisik
First Published : 06 February 2023
Bahasa
English
ISBN/ISSN
1540-6261
Klasifikasi
NONE
Tipe Isi
text
Tipe Media
-
Tipe Pembawa
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Edisi
Volume 78, Issue 2, April 2023, Pages 1015-1053
Subjek
Housing market
Homebuyers
Info Detail Spesifik
The Journal of Finance
Pernyataan Tanggungjawab
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Tidak tersedia versi lain

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