Censored Sample Bias, Macroeconomic Factors, and Time on Market of Residential Housing

Rajiv Kalra () and Kam C. Chan
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Rajiv Kalra: Department of Business Administration Moorhead State University Moorhead, Minnesota 56563, http://www.mnstate.edu/busadmin/
Kam C. Chan: Department of Business Administration Moorhead State University Moorhead, Minnesota 56563, http://www.mnstate.edu/busadmin/

Journal of Real Estate Research, 1994, vol. 9, issue 2, pages 253-262

Abstract: This paper reexamines the time on market (TOM) of residential housing. We use a larger sample of data to analyze the factors that effect TOM. The research provides evidence of the impact of macroeconomic factors on TOM and demonstrates the application procedure in correcting the censored sample bias in this area of research.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1994
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