Housing Search Methods and Residential Satisfaction

Hiroaki Niikura, Michio Naoi and Miki Seko ()
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Hiroaki Niikura: Faculty of Economics, Musashino University

No 2020-019, Keio-IES Discussion Paper Series from Institute for Economics Studies, Keio University

Abstract: This paper examines the impact of housing search methods on subsequent residential satisfaction among Japanese homeowners. Our empirical results based on the Structural Equation Modeling (SEM) show that using the Internet or visiting housing exhibits during a search process can improve subsequent residential satisfaction. These results are consistent with the notion that these information search methods can alleviate information asymmetry and/or provide more information about properties available on market. Furthermore, the positive effects of these search methods on residential satisfaction can be observed for custom-build homes and second-hand homes but not for houses built for sale.

Keywords: Housing search method; Residential satisfaction; Information asymmetry; Structural Equation Modeling (search for similar items in EconPapers)
JEL-codes: D83 R21 R31 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2020-10-19
New Economics Papers: this item is included in nep-ore and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:keo:dpaper:2020-019

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