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dc.contributor.authorMontalvo, Jose G.
dc.contributor.authorRaya, Josep Maria
dc.date.accessioned2023-11-14T09:02:23Z
dc.date.available2023-11-14T09:02:23Z
dc.date.issued2023
dc.identifier.citationMontalvo Garcia J, Raya JM. A comparison of banks and real estate intermediaries as house sellers. J Hous and the Built Environ. 2023;(38):1385–1407. DOI: 10.1007/s10901-022-09994-6ca
dc.identifier.issn1566-4910ca
dc.identifier.urihttp://hdl.handle.net/20.500.12367/2478
dc.description.abstractThe foreclosure crisis associated with the banking crisis transformed banks in the hardesthit countries into real estate brokers. The main novelty of this paper is to study banks as sellers of their own foreclosed properties and compare banks’ sales outcomes with those of traditional agents in the real estate market. We compare the list price, selling price, time on market and price discount of traditional real estate companies (TRECs) and bank-owned real estate companies (BRECs). We fnd evidence of a higher selling price, higher list price and longer time on market (TOM) for BRECs than for TRECs. Our fndings are consistent with BRECs displaying greater patience as well as lower risk aversion. However, these explanations are not enough to fully account for the magnitudes of the coefcients. [...]ca
dc.format.extent23 p.ca
dc.language.isoengca
dc.publisherSpringer Natureca
dc.relation.ispartofJournal of Housing and the Built Environment. 2023;(38):1385–1407ca
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subject.otherReal estate companiesca
dc.subject.otherBanksca
dc.subject.otherTime on marketca
dc.subject.otherSelling priceca
dc.subject.otherList priceca
dc.titleA comparison of banks and real estate intermediaries as house sellersca
dc.typeinfo:eu-repo/semantics/articleca
dc.description.versioninfo:eu-repo/semantics/publishedVersionca
dc.rights.accessLevelinfo:eu-repo/semantics/openAccess
dc.embargo.termscapca
dc.identifier.doi10.1007/s10901-022-09994-6ca


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Attribution 4.0 International
Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by/4.0/
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