Buying first or selling first in housing markets

Press/Media: Other


Research-based policy analysis and commentary from leading economists

Espen Moen, Plamen Nenov & Florian Sniekers

Period15 Feb 2015

Media contributions


Media contributions

  • TitleBuying first or selling first in housing markets
    Degree of recognitionInternational
    Media name/outletVoxEU
    Media typeWeb
    DescriptionSearch frictions are important for understanding the housing market volatility. This column shows not only that the optimal order of buying and selling depends on housing market conditions but that it also affects these conditions. This feedback leads to multiple equilibria and to fluctuations in transaction volume, average time on market, and house prices.
    PersonsEspen Moen, Plamen Nenov, Florian Sniekers