In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute …

In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute …

with search in the housing market and defaultable long-term mortgages. In equilibrium, both sellers' asking prices and time …-to-sell increase with the relative size of their outstanding mortgages. In turn, the liquidity of the housing market associated with …

Theoretical Causes for Vacancies in the Housing Market There are different causes for vacancies in the housing market … order to explain vacancies in the housing market in the context of the prospect theory. From these theories different …

Match quality, the part of housing value to the buyer which is unique for each buyer-house match, is important in … several housing market matching models, but measuring it is difficult for an econometrician. I suggest that similarity between … characteristics if observable characteristics of a buyer are correlated with the buyer's preferences for housing. A buyer could expect …

We review the existing literature on the causes of vacancies in the housing market. First, we present a detailed … vacancies in the housing market in the context of prospect theory which could be extended by future research. Second, we … specific type of vacancy into account is highly relevant for housing policy decisions. …

In this paper, I explore and explain how buy-to-let investors affect housing price dynamics. The impact of buy …-to-let investors on the housing market is much discussed by policy makers, but previously not considered in the literature. I develop a … structural search model that allows housing owners to buy second houses to let out, and let rents be determined endogenously. To …

I propose a model of the housing market using a search framework with asymmetric information in which sellers are … contribute to housing market illiquidity. Real estate agents that can improve the expected quality of a match can segment the … advantage in the matching process, incentive compatible listing contracts are implementable as long as housing is not already …