Yelowitz, Aaron and Scott, Frank and Beck, Jason (2011): The market for real estate brokerage services in low- and high-income neighborhoods: A 6 city study.
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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.
|Item Type:||MPRA Paper|
|Original Title:||The market for real estate brokerage services in low- and high-income neighborhoods: A 6 city study|
|Keywords:||HHI; real estate brokerage competition; Herfindahl-Hirschman Index; redlining|
|Subjects:||L - Industrial Organization > L8 - Industry Studies: Services > L85 - Real Estate Services|
|Depositing User:||Aaron Yelowitz|
|Date Deposited:||28. Dec 2011 20:40|
|Last Modified:||12. Feb 2013 21:49|
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