I am Jane. Do I pay more in the housing market?

Myongjin Kim (), Brent Norwood (), Sean O'Connor () and Leilei Shen ()
Additional contact information
Myongjin Kim: University of Oklahoma
Brent Norwood: University of Oklahoma
Sean O'Connor: University of Oklahoma

Economics Bulletin, 2019, vol. 39, issue 2, 1612-1620

Abstract: Do women pay more than men in the housing market? We utilize repeat-sales housing data from ZTRAX to examine if gender gaps exist in house purchase prices and loan-to-price ratios. We find that female homebuyers pay a 2% premium on average. In addition, female homebuyers' loan to price ratio is 3 percentage points lower than that of male buyers. We also show that female buyers pay less when the seller is female than when the seller is male. However, the gender price differentials and loan-to-price differentials are disappearing in more recent years. One possible explanation for the disappearing gender price differentials in house prices and loan-to-price ratios is the shrinking of the gender wage gap in recent years.

Keywords: Gender differences; Housing market; Repeat-sales approach (search for similar items in EconPapers)
JEL-codes: J7 R2 (search for similar items in EconPapers)
Date: 2019-06-23
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Citations: View citations in EconPapers (1)

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