We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Internet Search Behavior, Liquidity and Prices in the Housing Market.
- Authors
Dijk, Dorinth W.; Francke, Marc K.
- Abstract
We employ detailed internet search data to examine price and liquidity dynamics of the Dutch housing market. We show that the number of clicks on properties listed online proxies demand and the number of listed properties proxies supply. From this internet search behavior, we create a market tightness indicator and we find that this indicator Granger causes changes in both house prices and housing market liquidity. The results of a panel VAR suggest that a demand shock results in a temporary increase in liquidity and a permanent increase in prices in urban areas. This is in accordance with search and matching models.
- Subjects
HOUSING market; LIQUIDITY (Economics); HOME prices; INVESTORS; ECONOMIC indicators
- Publication
Real Estate Economics, 2018, Vol 46, Issue 2, p368
- ISSN
1080-8620
- Publication type
Article
- DOI
10.1111/1540-6229.12187