Search, liquidity, and the dynamics of house prices and construction.
Bibliografía : páginas 1209-1210.
Empirical properties of housing markets in United States MSAs, 1175 ; The model environment, 1180 ; Equilibrium, 1183 ; Calibration, 1187 ; Equilibrium dynamics, 1193 ; Robustness, 1201 ; Concluding remarks, 1203
The dynamics of house prices, sales, construction, and population growth in response to city-specific income shocks are characterized for 106 US cities.