Search and Matching in the Housing Market

David Genesove and Lu Han

No 7777, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Housing markets clear, in part, through the time that buyers and sellers spend on the market. We show that demand generally leads to shorter seller time on the market and fewer homes that buyers visit, while buyer time on the market is much less sensitive to demand. Furthermore, seller time on the market and homes visited are much more sensitive to demand growth than its level, consistent with sellers responding to demand with a lag. Those same findings also provide an estimate of the elasticity of the matching function.

Keywords: Housing; Matching; Search; Time on the market (search for similar items in EconPapers)
JEL-codes: R21 (search for similar items in EconPapers)
Date: 2010-04
References: View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://cepr.org/publications/DP7777 (application/pdf)

Related works:
Journal Article: Search and matching in the housing market (2012)
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: https://EconPapers.repec.org/RePEc:cpr:ceprdp:7777

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP7777

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().