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The Structure of the Housing Market

Author

Listed:
  • David M. Blank
  • Louis Winnick
Abstract
I. Introduction, 181. — II. The housing market, 182; submarkets within a housing market, 184; time periods, 186. — III. The market for multiple-dwelling leaseholds, 187; the standing stock period, 187; empirical materials, 191; the construction period, 196. — IV. Intra- and intergroup relationships; intra-submarket relationships, 198; inter-submarket relationships, 205. — V. Summary, 208.

Suggested Citation

  • David M. Blank & Louis Winnick, 1953. "The Structure of the Housing Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 67(2), pages 181-208.
    • Handle: RePEc:oup:qjecon:v:67:y:1953:i:2:p:181-208.
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    Citations

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    Cited by:

    1. Roddy Allan & Ervi Liusman & Teddy Lu & Desmond Tsang, 2021. "The COVID-19 Pandemic and Commercial Property Rent Dynamics," JRFM, MDPI, vol. 14(8), pages 1-24, August.
    2. Gabriel, Stuart A. & Nothaft, Frank E., 2001. "Rental Housing Markets, the Incidence and Duration of Vacancy, and the Natural Vacancy Rate," Journal of Urban Economics, Elsevier, vol. 49(1), pages 121-149, January.
    3. Joseph Gyourko & Richard Voith, 1993. "Leasing as a Lottery: Implications for Rational Building Surges and Increasing Vacancies," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 21(1), pages 83-106, March.
    4. Richard Malle, 2010. "Un modèle à équations simultanées du cycle des bureaux en région parisienne," Économie et Prévision, Programme National Persée, vol. 194(3), pages 93-108.
    5. Patric H. Hendershott & Bryan D. MacGregor & Raymond Y.C. Tse, 2002. "Estimation of the Rental Adjustment Process," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 30(2), pages 165-183.
    6. Vanessa Nadalin & Danilo Igliori, 2017. "Empty spaces in the crowd. Residential vacancy in São Paulo’s city centre," Urban Studies, Urban Studies Journal Limited, vol. 54(13), pages 3085-3100, October.
    7. Kazushi Matsuo & Morito Tsutsumi & Toyokazu Imazeki, 2023. "Asymmetric Dynamics of Rent and Vacancy Rates in the Tokyo Office Market," International Real Estate Review, Global Social Science Institute, vol. 26(1), pages 1-41.
    8. Mark Merante & Keren Mertens Horn, 2016. "Is Home Sharing Driving up Rents? Evidence from Airbnb in Boston," Working Papers 2016_03, University of Massachusetts Boston, Economics Department.
    9. Zeno Adams & Roland Füss, 2012. "Disentangling the Short and Long-Run Effects of Occupied Stock in the Rental Adjustment Process," The Journal of Real Estate Finance and Economics, Springer, vol. 44(4), pages 570-590, May.
    10. Chang-I Hua, 2017. "A Structural Model of a Housing Market with Friction," International Real Estate Review, Global Social Science Institute, vol. 20(4), pages 397-416.
    11. Dirk Brounen & Maarten Jennen, 2009. "Local Office Rent Dynamics," The Journal of Real Estate Finance and Economics, Springer, vol. 39(4), pages 385-402, November.
    12. Philippe Thalmann, 2012. "Housing Market Equilibrium (almost) without Vacancies," Urban Studies, Urban Studies Journal Limited, vol. 49(8), pages 1643-1658, June.
    13. Clark, David & Pennington-Cross, Anthony, 2016. "Determinants of industrial property rents in the Chicago metropolitan area," Regional Science and Urban Economics, Elsevier, vol. 56(C), pages 34-45.
    14. Maria Ibanez & Anthony Pennington-Cross, 2013. "Commercial Property Rent Dynamics in U.S. Metropolitan Areas: An Examination of Office, Industrial, Flex and Retail Space," The Journal of Real Estate Finance and Economics, Springer, vol. 46(2), pages 232-259, February.
    15. C. Peter Rydell, 1980. "Supply Response to the Housing Allowance Program," International Regional Science Review, , vol. 5(2), pages 119-138, August.
    16. Horn, Keren & Merante, Mark, 2017. "Is home sharing driving up rents? Evidence from Airbnb in Boston," Journal of Housing Economics, Elsevier, vol. 38(C), pages 14-24.
    17. John L. Glascock & Minbo Kim & C.F. Sirmans, 1993. "An Analysis of Office Market Rents: Parameter Constancy and Unobservable Variables," Journal of Real Estate Research, American Real Estate Society, vol. 8(4), pages 625-638.
    18. Ernst Rätzer, 1987. "Mieterschutz und Wohnungsmarkt. Die Mietpreisbeschränkung im schweizerischen Missbrauchsbeschluss," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 123(I), pages 23-45, March.
    19. Kevin Muldoon-Smith & Paul Greenhalgh, 2017. "Situations Vacant: A Conceptual Framework for Commercial Real Estate Vacancy," ERES eres2017_341, European Real Estate Society (ERES).
    20. Vanessa Gapriotti Nadalin, 2014. "Residential Vacancy in City Center: The Case of São Paulo," Discussion Papers 1987a, Instituto de Pesquisa Econômica Aplicada - IPEA.
    21. Ramiro J. Rodriguez & Simon Sosvilla-Rivero, 2017. "Office Market Dynamics in Madrid: Modelling with a Single-Equation Error Correction Mechanism," International Real Estate Review, Global Social Science Institute, vol. 20(4), pages 451-491.
    22. Francis J. Cronin, 1983. "Market Structure and the Price of Housing Services," Urban Studies, Urban Studies Journal Limited, vol. 20(3), pages 365-375, August.
    23. Patric H. Hendershott & Bryan D. MacGregor & Raymond Y.C. Tse, 2000. "Estimating the Rental Adjustment Process," NBER Working Papers 7912, National Bureau of Economic Research, Inc.
    24. Capone, Charles Jr. & Goldberg, Lawrence, 2001. "Renter Mobility and Multifamily Mortgage Default Risk," Journal of Housing Economics, Elsevier, vol. 10(1), pages 21-40, March.
    25. G. Donald Jud & John D. Benjamin & G. Stacy Sirmans, 1996. "What Do We Know about Apartments and Their Markets?," Journal of Real Estate Research, American Real Estate Society, vol. 11(3), pages 243-258.

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