Home buyers' characteristics and selling prices

Shunfeng Song

Applied Economics Letters, 1998, vol. 5, issue 1, 11-14

Abstract: This study examines the relationship between home buyers' characteristics and selling prices. Using survey on home buyers and the 1990 Multiple Listing Service data on single-family housing transactions in the Reno-Sparks area in Nevada, this study finds that home buyers play a significant role on housing price determination. For a given type of house, higher income home buyers would pay higher prices than lower income home buyers and first-time home buyers would pay lower prices than repeat home buyers.

Date: 1998
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DOI: 10.1080/758540118

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