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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Official URL: http://dx.doi.org/10.1016/j.econlet.2014.02.007
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: | 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: | 03 Mar 2025 17:15 |
| URI: | https://orca.cardiff.ac.uk/id/eprint/57977 |
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