9 Pages Posted: 20 Apr 2006 Last revised: 28 Jan 2016
Date Written: 2005
This article: 1) analyzes and identifies antitrust problems inherent in the US housing industry; and 2) shows that legal considerations (MLS, etc.) influenced psychological reactions which in turn caused the rapid price increases; 3) shows that all existing housing demand models and housing price forecast models are grossly mis-specified primarily because they don't incorporate legal factors.
Keywords: Housing, real estate law, Internet law
Suggested Citation: Suggested Citation