Seasonal cycles in the housing market

Selcuk, Cemil (2012): Seasonal cycles in the housing market. Unpublished.

Abstract

The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic cycle.

• Item Type: MPRA Paper
• Language: English
• Keywords: housing, search, thin and thick markets, seasonality
• Subjects: D - Microeconomics > D3 - Distribution > D39 - Other; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D83 - Search; Learning; Information and Knowledge; Communication; Belief; D - Microeconomics > D4 - Market Structure and Pricing > D49 - Other

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