Search and Vacancies in the French real estate market

Pierre Vidal

ERES from European Real Estate Society (ERES)

Abstract: Using internet users activity record on a real estate web platform I measure, quarterly, housing market tightness for more than 250 cities of the Paris area, over a four years period. An upward sloping Beveridge curve linking vacancy and demand rate is observed both across locations and over time. Applying a random matching model, this measure of the market tightness is compared with volumes and prices dynamics. In line with the theory, I find a positive, statistically significant, impact of the buyer-seller ratio on both rotation rate and price variation.

Keywords: Internet; market tightness; Matching; real estate; Search (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2019-01-01
New Economics Papers: this item is included in nep-eur and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2019_33

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