HOUSINGNEWS REPORT
MY TAKE
Share of Single Family & Condo All-Cash Sales
50.00% 45.00% 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00%
Get all the Facts Before You Buy
5.00% 0.00%
For example, collecting information about buyer and seller characteristics and then linking that information to existing housing datasets such as those provided by ATTOM Data Solutions, could allow for a deeper understanding of the role that bargaining, search and psychological characteristics have on explaining and predicting housing prices.”
with cash buyers sold for 5 to 10 percent less than comparable homes.
For example, collecting information about buyer and seller characteristics and then linking that information to existing housing datasets such as those provided by ATTOM Data Solutions, could allow for a deeper understanding of the role that bargaining, search and psychological characteristics have on explaining and predicting housing prices. This could prove to be of great importance for savvy investing strategies in the future.
Criminal & Sex Offenders Former Local Drug Labs Nearby Hazardous Sites Quality of Schools Property / Loan Information
While far from conclusive, this preliminary evidence is suggestive of the importance of heterogeneity in buyer and seller search and bargaining costs. It is also suggestive of how real estate professionals and academics might benefit from digging deeper into the role of search, bargaining, and psychological phenomenon to better explain and predict the value of a house.
Get My Free Report
JUNE 2017
ATTOM DATA SOLUTIONS • P14
Made with FlippingBook Online newsletter