Hot and Cold Markets

By Robert Novy-Marx. 2009

219 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/cda845651807cb5acec3af892fd5dfcdd73a37cc

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. W. Strange
2. Yu Zhu
3. Chao He
4. Edward Kung
5. Liang Peng
6. Jim Clayton
7. Lu Han
8. Randall Wright

In Management Science and Operations Research

1. Edward Kung
2. Liang Peng
3. Jim Clayton
4. Lu Han
5. Randall Wright
6. N. Miller
7. W. Strange
8. Elliot Anenberg

Citations in the corpus

• Hot and cold seasons in the housing market (2014, unknown): “Our paper complements the seminal work by Krainer (2001) and Novy-Marx (2009), by highlighting a new mechanism that can account for some of the regularities observed in housing markets.”
• Estimates of the Size and Source of Price Declines Due to Nearby Foreclosures (2014, background): “See, for example, Paciorek [2012] and Gyourko et al.”
• Housing and Liquidity (2015, background): “Reinhart and Rogoff (2009) contend financial development2 allowed consumers “to turn their previously illiquid housing assets into ATM machines.”
• Segmented Housing Search (2020, unknown): “Broad searchers help spread shocks across many segments and reduce their effect on local market activity.”
• What is the role of the asking price for a house (2016, methodology): “Other random matching approaches include Haurin (1988), Piazzesi and Schneider (2009) and Novy-Marx (2009).”
• Price-volume Correlation in the Housing Market: Causality and Co-movements (2010, background): “In addition, this accommodates the feedback effects proposed by Novy-Marx (2007) , which suggests that a demand shock may increase the buyer-to-seller ratio in the market, and thus reduce the time on the market and increase the turnover of housing units.”
• HOUSE PRICES, SALES, AND TIME ON THE MARKET: A SEARCH-THEORETIC FRAMEWORK (2013, unknown): “Novy-Marx (2009) builds a search model which generates a co-movement in prices, sales and selling probabilities across steady states, and where demand shocks generate a similar feedback effect.”