Opportunistic Matching in the Housing Market

@inproceedings{Albrecht2007OpportunisticMI,
  title={Opportunistic Matching in the Housing Market},
  author={James Albrecht and Axel Anderson and Eric R. Smith and Susan Vroman},
  year={2007}
}
We construct a model of the housing market in which agents differ in their flow values while searching. Agents enter the market relaxed (with high flow values) but move to a desperate state (low flow values) at a Poisson rate if they have not already transacted. We characterize the equilibrium steady-state matching pattern and the joint distribution of price and time to sale (for sellers). The expected price conditional on time to sale falls with time spent on the market, whereas the… CONTINUE READING

Figures and Tables from this paper.

Citations

Publications citing this paper.
SHOWING 1-10 OF 71 CITATIONS

Macro Aspects of Housing

VIEW 5 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

Flipping in the Housing Market

VIEW 9 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

Flipping in the Housing Market

Chung-Yi Tse
  • 2017
VIEW 9 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

Monetary Policy, Hot Housing Markets and Leverage

VIEW 8 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

Flippers in Housing Market Search

VIEW 4 EXCERPTS
CITES BACKGROUND & RESULTS
HIGHLY INFLUENCED

Housing Liquidity, Mobility and the Labour Market

VIEW 5 EXCERPTS
CITES BACKGROUND & METHODS
HIGHLY INFLUENCED

FILTER CITATIONS BY YEAR

2007
2019

CITATION STATISTICS

  • 18 Highly Influenced Citations

  • Averaged 5 Citations per year from 2017 through 2019