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Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Working Paper No. 2022-15
Verlag: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Zusammenfassung: 
This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability that a house sells declines sharply after listing for two weeks. Moreover, the probability and associated price of a fast sale recover from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can mimic not only sales, prices, listings, and time-on-market but also capture the distinctions in quick and slower trades, indicating the importance of stock-flow matching for understanding housing market dynamics.
Schlagwörter: 
housing
stock-flow matching
trading dynamics
duration dependence
JEL: 
E30
R21
R31
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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