Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270458 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 2022-15
Publisher: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Abstract: 
This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability that a house sells declines sharply after listing for two weeks. Moreover, the probability and associated price of a fast sale recover from the housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can mimic not only sales, prices, listings, and time-on-market but also capture the distinctions in quick and slower trades, indicating the importance of stock-flow matching for understanding housing market dynamics.
Subjects: 
housing
stock-flow matching
trading dynamics
duration dependence
JEL: 
E30
R21
R31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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