01218nam a22001577a 4500 514201 514201 201014b ||||| |||| 00| 0 eng d Piazzesi , Monika et al 18645 Segmented housing search The American Economic Review 110(3), Mar, 2020: p.721-759 We study housing markets with multiple segments searched by heterogeneous clienteles. In the San Francisco Bay Area, search activity and inventory covary negatively across cities, but positively across market segments within cities. A quantitative search model shows how the endogenous flow of broad searchers to high-inventory segments within their search ranges induces a positive relationship between inventory and search activity across segments with a large common clientele. The prevalence of broad searchers shapes the response of housing markets to localized supply and demand shocks. Broad searchers help spread shocks across many segments and reduce their effect on local market activity. – Reproduced Information and knowledge, Communication, Unawareness, Housing demand 18605 The American Economic Review HOUSING SUPPLY AND MARKETS AR 0 0 ddc 0 0 388213 IIPA IIPA 2020-10-14 110(3), Mar, 2020: p.721-759 AR123247 2020-10-14 AR