Seasonal cycles in the housing market
AbstractThe housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic cycle.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36225.
Date of creation: 2012
Date of revision:
housing; search; thin and thick markets; seasonality;
Other versions of this item:
- D39 - Microeconomics - - Distribution - - - Other
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- D49 - Microeconomics - - Market Structure and Pricing - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-20 (All new papers)
- NEP-DGE-2012-02-20 (Dynamic General Equilibrium)
- NEP-URE-2012-02-20 (Urban & Real Estate Economics)
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