An Adorable Housing Paper: The Informational Content of Agent Remarks
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Abstract
- This paper considers the information content of Multiple Listing Service
(MLS) descriptions and employs a significantly larger data set than
previous studies. The analysis first catalogs the most frequently used
terms by real estate agents in MLS descriptions. Using hedonic
modeling, we estimate the effect of this qualitative information on
transaction price and days on the market. Finally, we extend earlier
empirical work by utilizing our larger MLS data set to forecast the
probability that a house will sell after it is listed. This last contribution
further sheds light on the role of qualitative information to infer property
condition or circumstances that surround the sale of the property.
| Title | An Adorable Housing Paper: The Informational Content of Agent Remarks |
|---|---|
| Creator | Swidler, Steve |
| Buttimer Jr., R. J. | |
| Brunson, S. | |
| Publisher | International Real Estate Review |
| Academic Department | Economics |
| Division | Social Sciences |
| Organization | Lafayette College |
| Date Issued | 2019 |
| Date Available | 2020-06-23 |
| Type | Article |
| Language | English |
| Keyword | MLS |
| agent remarks | |
| textual analysis | |
| hedonic pricing | |
| Bibliographic Citation | Brunson, S., R. J. Buttimer Jr., and S. Swidler (2019) "An Adorable Housing Paper: The Informational Content of Agent Remarks." International Real Estate Review 22.3: 333-357. |
| Standard Identifier | Handle 10385/vh53ww095 |
| Permalink | http://hdl.handle.net/10385/vh53ww095 |
| Rights Statement |
In Copyright
|
| Rights Holders | International Real Estate Review |
Contains
| File | Swidler-InternationalRealEstateReview-vol22-2019.pdf | Uploaded 2020-06-23 | Public | Download |
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