Coverart for item
The Resource Speculators and middlemen : the role of flippers in the housing market, Patrick Bayer, Christopher Geissler, James W. Roberts, (electronic resource)

Speculators and middlemen : the role of flippers in the housing market, Patrick Bayer, Christopher Geissler, James W. Roberts, (electronic resource)

Label
Speculators and middlemen : the role of flippers in the housing market
Title
Speculators and middlemen
Title remainder
the role of flippers in the housing market
Statement of responsibility
Patrick Bayer, Christopher Geissler, James W. Roberts
Creator
Contributor
Subject
Language
eng
Summary
In thinly traded markets for heterogenous, durable goods, such as housing, intermediaries may play especially important roles. Using a unique micro-level dataset of housing transactions in Los Angeles from 1988-2008 and a novel research design, we identify and measure the importance of two very distinct types of intermediaries, also known as "flippers". The first type act as middlemen who quickly match sellers and buyers, operate throughout housing market cycles and earn above average returns when they buy and sell. The second type act as speculators who attempt to time markets by holding assets for longer periods of time, perform relatively poorly when buying and selling and are strongly associated with price instability in their targeted areas. The presence of these unsophisticated speculators and positive feedback trading contribute the first pieces of evidence from the housing market to a growing body of work in other financial markets that questions whether speculators always act to stabilize prices
Member of
Cataloging source
OUN
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
NBER working paper series
Series volume
no. 16784
Label
Speculators and middlemen : the role of flippers in the housing market, Patrick Bayer, Christopher Geissler, James W. Roberts, (electronic resource)
Link
http://uclibs.org/PID/20782/w16784
Instantiates
Publication
Note
Title from http://www.nber.org/papers/16784 viewed Feb. 14, 2011
Bibliography note
Includes bibliographical references (p. 27-28)
Extent
1 online resource (28 p.)
Form of item
online
Lccn
2011655997
Note
UCLA Library - CDL shared resource.
Other physical details
ill
Specific material designation
remote
System control number
  • (OCoLC)701723013
  • ucoclc701723013
Label
Speculators and middlemen : the role of flippers in the housing market, Patrick Bayer, Christopher Geissler, James W. Roberts, (electronic resource)
Link
http://uclibs.org/PID/20782/w16784
Publication
Note
Title from http://www.nber.org/papers/16784 viewed Feb. 14, 2011
Bibliography note
Includes bibliographical references (p. 27-28)
Extent
1 online resource (28 p.)
Form of item
online
Lccn
2011655997
Note
UCLA Library - CDL shared resource.
Other physical details
ill
Specific material designation
remote
System control number
  • (OCoLC)701723013
  • ucoclc701723013

Library Locations

  • Charles E. Young Research LibraryBorrow it
    280 Charles E Young Dr N, Los Angeles, CA, 90095-1575, US
    34.0749691 -118.441466
  • Powell LibraryBorrow it
    120S Election Walk, Los Angeles, CA, 90095-1450, US
    34.0716126 -118.4421809
  • Science and Engineering LibraryBorrow it
    8270 Boelter Hall, Los Angeles, CA, 90095-9810, US
    34.068987 -118.442659
  • UCLA LibraryBorrow it
    Los Angeles, CA, US
  • UCLA Library Special CollectionsBorrow it
    A1713 Charles E. Young Research Library, Los Angeles, CA, 90095-1575, US
    34.0749691 -118.441466
Processing Feedback ...