The Housing Market(s) of San Diego

This paper uses an assignment model to understand the cross section of house prices within a metro area. Movers' demand for housing is derived from a life-cycle problem with credit market frictions. Equilibrium house prices adjust to assign houses that differ by quality to movers who differ by...

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Bibliographic Details
Published in:	The American economic review Vol. 105; no. 4; pp. 1371 - 1407
Main Authors:	Landvoigt, Tim, Piazzesi, Monika, Schneider, Martin
Format:	Journal Article
Language:	English
Published:	Nashville American Economic Association 01.04.2015 American Economic Assoc
Subjects:	Age differences Bond markets California Capital gains Cash Census tracts Consumer credit Consumer Price Index Cost control Credit Credit market Distribution Down payments Economic models Equilibrium Households Houses Housing Housing conditions Housing demand Housing market Housing needs Housing prices Life cycles Low income groups Market prices Metropolitan areas Price functions Prices Regression analysis Sales San Diego (Calif.) U.S.A Wealth United States > US San Diego County California
ISSN:	0002-8282, 1944-7981
Online Access:	Get full text
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