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The market for real estate brokerage services in low- and high-income neighborhoods: A 6 city study

  • Yelowitz, Aaron
  • Scott, Frank
  • Beck, Jason

We 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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File URL: http://mpra.ub.uni-muenchen.de/35608/1/MPRA_paper_35608.pdf
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File URL: http://mpra.ub.uni-muenchen.de/41052/1/MPRA_paper_41052.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 35608.

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Date of creation: 28 Dec 2011
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Handle: RePEc:pra:mprapa:35608
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  1. Caitlin Knowles Myers & Grace Close & Laurice Fox & John William Meyer & Madeline Niemi, 2011. "Retail Redlining: Are Gasoline Prices Higher In Poor And Minority Neighborhoods?," Economic Inquiry, Western Economic Association International, vol. 49(3), pages 795-809, 07.
  2. Alicia H. Munnell, 1992. "Mortgage lending in Boston: interpreting HMDA data," Working Papers 92-7, Federal Reserve Bank of Boston.
  3. Ethan Cohen-Cole, 2008. "Credit card redlining," Risk and Policy Analysis Unit Working Paper QAU08-1, Federal Reserve Bank of Boston.
  4. James A. Berkovec & Glenn B. Canner & Stuart A. Gabriel & Timothy H. Hannan, 1994. "Race, redlining, and residential mortgage loan performance," Proceedings, Federal Reserve Bank of Philadelphia, pages 263-298.
  5. Beck, Jason & Scott, Frank & Yelowitz, Aaron, 2010. "Competition and market structure in local real estate markets," MPRA Paper 27531, University Library of Munich, Germany.
  6. Donald Haurin & Christopher Herbert & Stuart Rosenthal, 2007. "Homeownership Gaps Among Low-Income and Minority Households," Working Papers 07-02, Ohio State University, Department of Economics.
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