Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221218
Title: UNDERSTANDING THE DRIVING FORCES OF SEASONALITY IN THE SPATIO-TEMPORAL DISTRIBUTION OF HOUSING MARKET PRICES AND TRANSACTION VOLUMES
Authors: NEO SHUN JIE
Keywords: Department of Real Estate
2019-2020 RE
RE
Seasonality
Days on Market
Sales Volume
Price Adjustment
Market Liquidity
Superstition
Religion
Weather
School
Hot & Cold Seasons
Cristian Badarinza
Real Estate
Issue Date: 2019
Citation: NEO SHUN JIE (2019). UNDERSTANDING THE DRIVING FORCES OF SEASONALITY IN THE SPATIO-TEMPORAL DISTRIBUTION OF HOUSING MARKET PRICES AND TRANSACTION VOLUMES. ScholarBank@NUS Repository.
Abstract: This dissertation attempts to investigate the existence of seasonality in the United States (US) housing market and the impact it has on three measures of liquidity: (a) Days on Market, (b) Sales Count, (c) Price Reduction. Days on market refer to how long a house is listed and sold. Sales count is the number of transactions in a period. Price reduction is the price adjustments to its asking price before a house is transacted. Prior to this dissertation, there has been limited literature which studied the US housing sale market with complete information. For the first time, such valuable information on liquidity is obtained from Zillow, a marketplace in the US, and other external sources to carry out this research. This study will use Ordinary Least Square (OLS) regression model to find statistical significance between several seasonality factors: (a) hot/cold waves of market liquidity, (b) the patterns of school year scheduling, (c) the spatial patterns of weather, (d) superstition against the measures of liquidity.
URI: https://scholarbank.nus.edu.sg/handle/10635/221218
Appears in Collections:Bachelor's Theses

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