Seasonal Cycles in the Housing Market

Cemil Selcuk

No E2012/1, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic cycle.

Keywords: housing; search; thin and thick markets; seasonality (search for similar items in EconPapers)
JEL-codes: D39 D49 D83 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2012-01
New Economics Papers: this item is included in nep-dge and nep-ure
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Related works:
Working Paper: Seasonal cycles in the housing market (2012)
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