Abstract: Censored Sample Bias, Macroeconomic Factors, and Time on Market of Residential Housing

Censored Sample Bias, Macroeconomic Factors, and Time on Market of Residential Housing

Author: Rajiv Kalra and Kam C. Chan

Start Page: 253
End Page: 262
Volume: 9
Issue Number: 2
Year: 1994
Publication: Journal of Real Estate Research

Abstract: This paper reexamines the time on market (TOM) of residential housing. We use a larger sample of data to analyze the factors that effect TOM. The research provides evidence of the impact of macroeconomic factors on TOM and demonstrates the application procedure in correcting the censored sample bias in this area of research.