The market for real estate brokerage services in low- and high-income neighborhoods: A 6 city study
AbstractWe examine the market structure for real estate brokerage services across six large metropolitan areas, by collecting more than 300,000 real estate listings and computing the Herfindahl-Hirschman Index (HHI) for each neighborhood. When we divide neighborhoods based on income, house value, and race, we find no evidence of redlining; that is, the market structure for brokerage services is at least as competitive in less advantaged neighborhoods as it is in more advantaged ones.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35608.
Date of creation: 28 Dec 2011
Date of revision:
HHI; real estate brokerage competition; Herfindahl-Hirschman Index; redlining;
Find related papers by JEL classification:
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-10 (All new papers)
- NEP-COM-2012-01-10 (Industrial Competition)
- NEP-GEO-2012-01-10 (Economic Geography)
- NEP-URE-2012-01-10 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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