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Falling house prices and rising time on the market

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  • John Krainer

Abstract

This Economic Letter reviews the ways residential real estate prices and liquidity vary over time and over different states of the economy and discusses the implications of this behavior for consumers and lenders.

Suggested Citation

  • John Krainer, 2008. "Falling house prices and rising time on the market," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue mar21.
    • Handle: RePEc:fip:fedfel:y:2008:i:mar21:n:2008-11
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    File URL: http://www.frbsf.org/publications/economics/letter/2008/el2008-11.pdf
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    File URL: http://www.frbsf.org/publications/economics/letter/2008/el2008-11.html
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    Citations

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    Cited by:

    1. 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.
    2. Antonia Díaz & Belén Jerez, 2013. "House Prices, Sales, And Time On The Market: A Search‐Theoretic Framework," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(3), pages 837-872, August.
    3. Allen Head & Huw Lloyd-Ellis & Hongfei Sun, 2014. "Search, Liquidity, and the Dynamics of House Prices and Construction," American Economic Review, American Economic Association, vol. 104(4), pages 1172-1210, April.
    4. Nicholas B. Irwin & Mitchell R. Livy, 2022. "Price and Liquidity Dynamics for Single and Multi-Family Homes during Housing Market Shocks," The Journal of Real Estate Finance and Economics, Springer, vol. 65(1), pages 22-47, July.

    More about this item

    Keywords

    Housing - Prices;

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