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Housing Search Methods and Residential Satisfaction

Author

Listed:
  • Hiroaki Niikura

    (Faculty of Economics, Musashino University)

  • Michio Naoi

    (Faculty of Economics, Keio University)

  • Miki Seko

    (Institute of Political Economy and Faculty of Economics, Musashino University)

Abstract

This paper examines the impact of housing search methods on subsequent residential satisfaction among Japanese homeowners. Our empirical results based on the Structural Equation Modeling (SEM) show that using the Internet or visiting housing exhibits during a search process can improve subsequent residential satisfaction. These results are consistent with the notion that these information search methods can alleviate information asymmetry and/or provide more information about properties available on market. Furthermore, the positive effects of these search methods on residential satisfaction can be observed for custom-build homes and second-hand homes but not for houses built for sale.

Suggested Citation

  • Hiroaki Niikura & Michio Naoi & Miki Seko, 2020. "Housing Search Methods and Residential Satisfaction," Keio-IES Discussion Paper Series 2020-019, Institute for Economics Studies, Keio University.
    • Handle: RePEc:keo:dpaper:2020-019
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    More about this item

    Keywords

    Housing search method; Residential satisfaction; Information asymmetry; Structural Equation Modeling;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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