Seasonal cycles in a model of the housing market

Selcuk, Cemil ORCID: https://orcid.org/0000-0002-2267-604X 2014. Seasonal cycles in a model of the housing market. Economics Letters 123 (2) , pp. 195-199. 10.1016/j.econlet.2014.02.007

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Abstract

The US housing market exhibits seasonal boom and bust cycles where prices and the speed of trade (turnover rate) rise in summers and fall in winters. We present a search model that analytically generates the observed cycles. The proposed mechanism is based on swings in market thickness rather than market tightness, the leading explanation in the literature.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HF Commerce H Social Sciences > HN Social history and conditions. Social problems. Social reform
Uncontrolled Keywords:	Housing; Search and matching; Thin and thick markets; Seasonality
Additional Information:	Online publication date: 22 February 2014.
Publisher:	Elsevier
ISSN:	0165-1765
Date of First Compliant Deposit:	30 March 2016
Date of Acceptance:	9 January 2014
Last Modified:	25 Nov 2024 23:15
URI:	https://orca.cardiff.ac.uk/id/eprint/57977

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