Seasonal cycles in a model of the housing market
Author
Abstract
Suggested Citation
DOI: 10.1016/j.econlet.2014.02.007
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kaplanski, Guy & Levy, Haim, 2012. "Real estate prices: An international study of seasonality's sentiment effect," Journal of Empirical Finance, Elsevier, vol. 19(1), pages 123-146.
- Mark Bagnoli & Ted Bergstrom, 2006.
"Log-concave probability and its applications,"
Studies in Economic Theory, in: Charalambos D. Aliprantis & Rosa L. Matzkin & Daniel L. McFadden & James C. Moore & Nicholas C. Yann (ed.), Rationality and Equilibrium, pages 217-241,
Springer.
- Mark Bagnoli & Ted Bergstrom, 2005. "Log-concave probability and its applications," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(2), pages 445-469, August.
- Bagnoli, M. & Bergstrom, T., 1989. "Log-Concave Probability And Its Applications," Papers 89-23, Michigan - Center for Research on Economic & Social Theory.
- L. Rachel Ngai & Silvana Tenreyro, 2014.
"Hot and Cold Seasons in the Housing Market,"
American Economic Review, American Economic Association, vol. 104(12), pages 3991-4026, December.
- Ngai, L.Rachel & Tenreyro, Silvana, 2008. "Hot and cold seasons in the housing markets," LSE Research Online Documents on Economics 4994, London School of Economics and Political Science, LSE Library.
- Ngai, Liwa Rachel & Tenreyro, Silvana, 2013. "Hot and Cold Seasons in the Housing Market," CEPR Discussion Papers 9427, C.E.P.R. Discussion Papers.
- Ngai, L. Rachel & Tenreyro, Silvana, 2013. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 54251, London School of Economics and Political Science, LSE Library.
- Ngai, L. Rachel & Tenreyro, Silvana, 2014. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 63659, London School of Economics and Political Science, LSE Library.
- Silvana Tenreyro & Rachel Ngai, 2009. "Hot And Cold Seasons in the Housing Market," 2009 Meeting Papers 955, Society for Economic Dynamics.
- L. Rachel Ngai & Silvana Tenreyro, 2009. "Hot and Cold Seasons in the Housing Market," CEP Discussion Papers dp0922, Centre for Economic Performance, LSE.
- Ngai, L. Rachel & Tenreyro, Silvana, 2009. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 25497, London School of Economics and Political Science, LSE Library.
- Muellbauer, John & Murphy, Anthony, 1997.
"Booms and Busts in the UK Housing Market,"
Economic Journal, Royal Economic Society, vol. 107(445), pages 1701-1727, November.
- Muellbauer, J & Murphy, A, 1996. "Booms and Busts in the UK Housing Market," Economics Papers 125, Economics Group, Nuffield College, University of Oxford.
- Muellbauer, John & Murphy, Anthony, 1997. "Booms and Busts in the UK Housing Market," CEPR Discussion Papers 1615, C.E.P.R. Discussion Papers.
- Case, Karl E & Shiller, Robert J, 1989.
"The Efficiency of the Market for Single-Family Homes,"
American Economic Review, American Economic Association, vol. 79(1), pages 125-137, March.
- Karl E. Case & Robert J. Shiller, 1988. "The Efficiency of the Market for Single-Family Homes," NBER Working Papers 2506, National Bureau of Economic Research, Inc.
- Jeremy C. Stein, 1995. "Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 379-406.
- Krainer, John, 2001. "A Theory of Liquidity in Residential Real Estate Markets," Journal of Urban Economics, Elsevier, vol. 49(1), pages 32-53, January.
- John L. Goodman, Jr., 1993. "A Housing Market Matching Model of the Seasonality in Geographic Mobility," Journal of Real Estate Research, American Real Estate Society, vol. 8(1), pages 117-138.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- L. Rachel Ngai & Silvana Tenreyro, 2014.
"Hot and Cold Seasons in the Housing Market,"
American Economic Review, American Economic Association, vol. 104(12), pages 3991-4026, December.
- Ngai, L.Rachel & Tenreyro, Silvana, 2008. "Hot and cold seasons in the housing markets," LSE Research Online Documents on Economics 4994, London School of Economics and Political Science, LSE Library.
- Ngai, Liwa Rachel & Tenreyro, Silvana, 2013. "Hot and Cold Seasons in the Housing Market," CEPR Discussion Papers 9427, C.E.P.R. Discussion Papers.
- Ngai, L. Rachel & Tenreyro, Silvana, 2013. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 54251, London School of Economics and Political Science, LSE Library.
- Ngai, L. Rachel & Tenreyro, Silvana, 2014. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 63659, London School of Economics and Political Science, LSE Library.
- L. Rachel Ngai & Silvana Tenreyro, 2009. "Hot and Cold Seasons in the Housing Market," CEP Discussion Papers dp0922, Centre for Economic Performance, LSE.
- Silvana Tenreyro & Rachel Ngai, 2009. "Hot And Cold Seasons in the Housing Market," 2009 Meeting Papers 955, Society for Economic Dynamics.
- Ngai, L. Rachel & Tenreyro, Silvana, 2009. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 25497, London School of Economics and Political Science, LSE Library.
- Eric Smith, 2020.
"High and Low Activity Spells in Housing Markets,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 1-28, April.
- Eric Smith, 2015. "High and Low Activity Spells in Housing Markets," CESifo Working Paper Series 5601, CESifo.
- Smith, E, 2015. "High and Low Activity Spell in Housing Markets," Economics Discussion Papers 15620, University of Essex, Department of Economics.
- Eric Smith, 2019. "Code and data files for "High and Low Activity Spells in Housing Markets"," Computer Codes 18-249, Review of Economic Dynamics.
- Suarez, Javier & Ceron, Jose A., 2006.
"Hot and Cold Housing Markets: International Evidence,"
CEPR Discussion Papers
5411, C.E.P.R. Discussion Papers.
- José Cerón & Javier Suarez, 2006. "Hot and Cold Housing Markets: International Evidence," Working Papers wp2006_0603, CEMFI.
- François Ortalo-Magné & Sven Rady, 2006.
"Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints ,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(2), pages 459-485.
- Sven Rady, 2001. "Housing Market Dynamics: on the Contribution of Income Shocks and Credit Constraints," FMG Discussion Papers dp375, Financial Markets Group.
- François Ortalo-Magné & Sven Rady, 2002. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," Wisconsin-Madison CULER working papers 02-01, University of Wisconsin Center for Urban Land Economic Research.
- Rady, Sven & Ortalo-Magné, François, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CEPR Discussion Papers 3015, C.E.P.R. Discussion Papers.
- Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.
- Ortalo-Magné, François & Rady, Sven, 2005. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraint," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 50, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Elliot Anenberg & Patrick Bayer, 2020. "Endogenous Sources Of Volatility In Housing Markets: The Joint Buyer–Seller Problem," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(3), pages 1195-1228, August.
- Paul E. Carrillo & Erik Robert De Wit & William D. Larson, 2012. "Can Tightness in the Housing Market Help Predict Subsequent Home Price Appreciation? Evidence from the U.S. and the Netherlands," Working Papers 2012-11, The George Washington University, Institute for International Economic Policy.
- Selcuk, Cemil, 2012.
"Seasonal Cycles in the Housing Market,"
Cardiff Economics Working Papers
E2012/1, Cardiff University, Cardiff Business School, Economics Section.
- Selcuk, Cemil, 2012. "Seasonal cycles in the housing market," MPRA Paper 36225, University Library of Munich, Germany.
- Paul E. Carrillo & Eric R. Wit & William Larson, 2015. "Can Tightness in the Housing Market Help Predict Subsequent Home Price Appreciation? Evidence from the United States and the Netherlands," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(3), pages 609-651, September.
- Erling Røed Larsen, 2024. "House price seasonality, market activity, and the December discount," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(1), pages 110-139, January.
- Han, Lu & Strange, William C., 2015. "The Microstructure of Housing Markets," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 813-886, Elsevier.
- Erik Robert de Carrillo & William Larson, 2012. "Can housing liquidity help forecast subsequent house price appreciation: Evidence from the US and the Netherlands," ERES eres2012_174, European Real Estate Society (ERES).
- Elliot Anenberg, 2016. "Information Frictions And Housing Market Dynamics," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(4), pages 1449-1479, November.
- Brian Petereson, 2009. "Fooled by Search: Housing Prices, Turnover and Bubbles," CAEPR Working Papers 2009-004, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Andrew Benito, 2006. "How does the down-payment constraint affect the UK housing market?," Bank of England working papers 294, Bank of England.
- L. Rachel Ngai & Kevin D. Sheedy, 2024.
"The Ins And Outs Of Selling Houses: Understanding Housing‐Market Volatility,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1415-1440, August.
- Ngai, Liwa Rachel & Sheedy, Kevin, 2020. "The Ins and Outs of Selling Houses: Understanding Housing Market Volatility," CEPR Discussion Papers 14331, C.E.P.R. Discussion Papers.
- Ngai, L. Rachel & Sheedy, Kevin D., 2024. "The ins and outs of selling houses: understanding housing-market volatility," LSE Research Online Documents on Economics 121451, London School of Economics and Political Science, LSE Library.
- Ngai, L. Rachel & Sheedy, Kevin D., 2023. "The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility," IZA Discussion Papers 16603, Institute of Labor Economics (IZA).
- L. Rachel Ngai & Kevin D. Sheedy, 2022. "The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility," Discussion Papers 2213, Centre for Macroeconomics (CFM).
- Lerbs, Oliver & Teske, Markus, 2016.
"The house price-vacancy curve,"
ZEW Discussion Papers
16-082, ZEW - Leibniz Centre for European Economic Research.
- Oliver Lerbs & Markus Teske, 2016. "The House Price-Vacancy Curve," ERES eres2016_189, European Real Estate Society (ERES).
- Eric Smith & Zoe Xie & Lei Fang, 2022.
"The Short and the Long of It: Stock-Flow Matching in the US Housing Market,"
CESifo Working Paper Series
10035, CESifo.
- Lei Fang & Eric Smith & Zoe Xie, 2022. "The Short and the Long of It: Stock-Flow Matching in the US Housing Market," FRB Atlanta Working Paper 2022-15, Federal Reserve Bank of Atlanta.
- Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019.
"The Total Risk Premium Puzzle,"
NBER Working Papers
25653, National Bureau of Economic Research, Inc.
- Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019. "The Total Risk Premium Puzzle?," Working Paper Series 2019-10, Federal Reserve Bank of San Francisco.
- Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz, 2019. "The Total Risk Premium Puzzle," CEPR Discussion Papers 13595, C.E.P.R. Discussion Papers.
- Gabrovski, Miroslav & Ortego-Marti, Victor, 2019.
"The cyclical behavior of the Beveridge Curve in the housing market,"
Journal of Economic Theory, Elsevier, vol. 181(C), pages 361-381.
- Miroslav Gabrovski & Victor Ortego-Marti, 2019. "The Cyclical Behavior of the Beveridge Curve in the Housing Market," Working Papers 201911, University of California at Riverside, Department of Economics.
- Kashiwagi, Masanori, 2014. "A search-theoretic model of the rental and homeownership markets," Journal of Housing Economics, Elsevier, vol. 26(C), pages 33-47.
More about this item
Keywords
Housing; Search and matching; Thin and thick markets; Seasonality;All these keywords.
JEL classification:
- D39 - Microeconomics - - Distribution - - - Other
- D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:123:y:2014:i:2:p:195-199. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.