Segmented Housing Search
This paper documents stylized facts on buyer and seller behavior across different segments of the housing market, and uses them to inform a search model with heterogeneous houses.
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- 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.
- Allen Head & Huw Lloyd-Ellis & Hongfei Sun, 2012. "Search, Liquidity and the Dynamics of House Prices and Construction," Working Papers 1276, Queen's University, Department of Economics.
- Krainer, John, 2001. "A Theory of Liquidity in Residential Real Estate Markets," Journal of Urban Economics, Elsevier, vol. 49(1), pages 32-53, January.
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