Economics at your fingertips  

An Adorable Housing Paper: The Informational Content of Agent Remarks

Sean Brunson (), Richard J. Buttimer () and Steve Swidler ()
Additional contact information
Sean Brunson: UNC-Charlotte
Richard J. Buttimer: UNC-Charlotte

International Real Estate Review, 2019, vol. 22, issue 3, 333-357

Abstract: This paper considers the information content of Multiple Listing Service (MLS) descriptions and employs a significantly larger data set than previous studies. The analysis first catalogs the most frequently used terms by real estate agents in MLS descriptions. Using hedonic modeling, we estimate the effect of this qualitative information on transaction price and days on the market. Finally, we extend earlier empirical work by utilizing our larger MLS data set to forecast the probability that a house will sell after it is listed. This last contribution further sheds light on the role of qualitative information to infer property condition or circumstances that surround the sale of the property.

Keywords: Textual Analysis; Agent Remarks; MLS; Hedonic Pricing (search for similar items in EconPapers)
JEL-codes: L85 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... le-housing-paper.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
Global Social Science Institute, 9200 Corporate Blvd., Suite 420 Rockville, MD 20850

Access Statistics for this article

International Real Estate Review is currently edited by Professor Sing Tien Foo and Professor Ko Wang

More articles in International Real Estate Review from Global Social Science Institute Global Social Science Institute, 9200 Corporate Blvd., Suite 420 Rockville, MD 20850.
Bibliographic data for series maintained by IRER Graduate Assistant/Webmaster ().

Page updated 2023-03-26
Handle: RePEc:ire:issued:v:22:n:03:2019:p:333-357