The market for real estate brokerage services in low- and high-income neighborhoods: A 6 city study

Aaron Yelowitz, Frank Scott and Jason Beck

MPRA Paper from University Library of Munich, Germany

Abstract: We examine the market structure for real estate brokerage services across six large metropolitan areas, by collecting more than 300,000 real estate listings and computing the Herfindahl-Hirschman Index (HHI) for each neighborhood. When we divide neighborhoods based on income, house value, and race, we find no evidence of redlining; that is, the market structure for brokerage services is at least as competitive in less advantaged neighborhoods as it is in more advantaged ones.

Keywords: HHI; real estate brokerage competition; Herfindahl-Hirschman Index; redlining (search for similar items in EconPapers)
JEL-codes: L85 (search for similar items in EconPapers)
Date: 2011-12-28
New Economics Papers: this item is included in nep-com, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/41052/1/MPRA_paper_41052.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:35608

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