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This article examines the use of concessions in the US housing market, specifically payments for closing costs, home warranties, and structural repairs. This is the first study to examine the motivations and characteristics of homeowners that utilize concessions. It also examines the impact...
Persistent link: https://www.econbiz.de/10012965171
In this paper I describe a methodology for pricing a set of contingent claims on the value of residential real estate. At least two such contracts are currently offered on owner-occupied single family homes and others have been proposed. I describe how to price these particular contracts, which...
Persistent link: https://www.econbiz.de/10013039196
This article examines the use of concessions in the US housing market, specifically payments for closing costs, home warranties, and structural repairs. This is the first study to examine the motivations and characteristics of homeowners that utilize concessions. It also examines the impact...
Persistent link: https://www.econbiz.de/10012928826
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.e., the reservation rule and the number rule) in the housing market. It demonstrates that the selling strategies by these two … single selling strategy is likely to result in suboptimal selling outcomes, and the widely-used reservation rule in academic … factors on the optimal trading outcome and provide rich insights into optimal selling strategies in the housing market …
Persistent link: https://www.econbiz.de/10012831306