Turnover as a measure of demand for existing homes

被引：95
作者：
Berkovec, JA [1 ]
Goodman, JL [1 ]
机构：
[1] NATL MULTIHOUSING COUNCIL,WASHINGTON,DC 20036
来源：
REAL ESTATE ECONOMICS | 1996年 / 24卷 / 04期
关键词：
D O I：
10.1111/1540-6229.00698
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Changes in the turnover of existing homes are often equated with changes in housing demand, but it is not clear if, or why, this linkage exists. This paper documents the positive correlation between changes in turnover and changes in housing demand and develops a search model that explain the linkage. One implication of the analysis is that, for high frequency data, turnover is superior to price as an indicator of change in housing demand.
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页码：421 / 440
页数：20
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