全球智库信息集成服务系统(G2TT): The Thick Market Effect on Housing Markets Transactions

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w12134
来源ID	Working Paper 12134
	The Thick Market Effect on Housing Markets Transactions
	Li Gan; Qinghua Zhang
发表日期	2006-04-17
出版年	2006
语种	英语
摘要	This paper provides a search model for housing market where the number of buyers and/or sellers plays very important role. The model makes three testable predictions: (1) the unemployment rate has a negative impact on the trading volume and the sale prices of the housing market; (2) a larger housing market has a lower average sale price, shorter time-to-sale and smaller price dispersion, in addition to a lower vacancy rate. (3) In a larger housing market, when the unemployment rate goes up (or down), the sale price decreases (or increases) by a smaller percentage than in a smaller market. All three predictions are supported by a panel dataset of the Texas city-level housing markets.
主题	Regional and Urban Economics ; Real Estate
URL	https://www.nber.org/papers/w12134
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/569801
推荐引用方式 GB/T 7714	Li Gan,Qinghua Zhang. The Thick Market Effect on Housing Markets Transactions. 2006.