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You have more chance of finding the house you want in the summer. But you’ll pay more for it

Tenreyro, Silvana and Ngai, L. Rachel (2015) You have more chance of finding the house you want in the summer. But you’ll pay more for it. USApp – American Politics and Policy Blog (05 Mar 2015). Website.

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Abstract

For many of us, purchasing a house is one of the most important financial decisions that we will ever make. But does when we buy or sell a house matter? In new research, Silvana Tenreyro and Liwa R. Ngai find that housing markets are seasonal, with prices rising in the spring and summer, and declining in the fall and winter. They argue that this is due to a self-reinforcing pattern where a ‘hot season’ leads to more choice for buyers, who are in turn willing to pay more for houses that are a better quality match.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/2015/03/03/the-an...
Additional Information: © 2015 The Authors, USApp – American Politics and Policy Blog, The London School of Economics and Political Science.; Online
Divisions: LSE
Subjects: J Political Science > JK Political institutions (United States)
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 24 Apr 2015 14:27
Last Modified: 18 Jul 2020 23:12
URI: http://eprints.lse.ac.uk/id/eprint/61738

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