A Theory of Liquidity in Residential Real Estate Markets

A “hot” real estate market is one where prices are rising, average selling times are short, and the volume of transactions is higher than the norm. “Cold” markets have the opposite characteristics: prices are falling, liquidity is poor, and volume is low. This paper provides a theory to match these...

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Veröffentlicht in:	Journal of urban economics 2001-01, Vol.49 (1), p.32-53
1. Verfasser:	Krainer, John
Format:	Artikel
Sprache:	eng
Schlagworte:	Correlation Housing prices Liquidity Opportunity cost Real estate market Urban economics Valuation
Online-Zugang:	Volltext
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