This chapter surveys the literature on the microstructure of housing markets. It considers one-
sided search, random matching, and directed search models. It also examines the …

A house is made up of many characteristics, all of which may affect its value. Hedonic
regression analysis is typically used to estimate the marginal contribution of these individual …

The property price-marketing duration relationship is an important component of many real
estate studies. However, contrary to theories, and widely-held notions of many researchers …

Virtual reality (VR) has emerged as a transformative addition to real estate platforms,
revolutionizing the presentation of property details. In contrast to traditional presentation …

This study examines how individual agents affect house selling prices and time on the
market while controlling for brokerage firm-specific effects as well as supply and demand …

ABSTRACT The Uniform Nonjudicial Foreclosure Act is one of the few creative approaches
to mortgage foreclosure to emerge in many decades. In this Article, the authors examine why …

In search markets, greater spatial concentration of sellers increases price competition. At the
same time, though, a greater concentration of sellers can create a shop** externality by …

What impact does a forced sale have upon a property owner's wealth? And do certain
characteristics of a property owner-such as whether they are rich or poor or whether they are …

Although agent effort is essential and a given in the residential brokerage market, it is
difficult to observe and quantify. We estimate a simultaneous systems model using virtual …

The existence of the real estate brokerage industry is generally attributed to high transaction
costs in real estate markets. Brokers are typically expected to market sellers' properties …