Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65797 
Authors: 
Year of Publication: 
2012
Series/Report no.: 
Cardiff Economics Working Papers No. E2012/1
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
Abstract: 
The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic cycle.
Subjects: 
housing
search
thin and thick markets
seasonality
JEL: 
D39
D49
D83
Document Type: 
Working Paper

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