Bargaining Over Residential Real Estate

Topics:
Real Estate Services,
Regulations
Tags:
Business Operations,
Real Estate,
University Of Wisconsin
Source:
University of Wisconsin

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Overview: This paper presents a new data set of individual residential property transactions. The main novelty of the data is the record of all listing price changes and all offers made between initial listing and sale agreement. The paper establishes a number of stylized facts pertaining to the sequence of events that occur within individual property transaction histories. It assesses the limitations of existing theories in explaining the data and discusses alternative theoretical frameworks for the study of the strategic interactions between buyers and sellers.

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Format: PDF | Size: 373KB | Date: May 2004 | Pages: 34

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