Open AccessInternational Real Estate Review
Author(s) -
Yang Zhang,
Hong Zhang,
Michael J. Seiler
Publication year - 2014
Publication title -
journal of the asian real estate society
Language(s) - English
Resource type - Journals
ISSN - 1029-6131
DOI - 10.53383/100187
Subject(s) - patience , earnings , matching (statistics) , competition (biology) , duration (music) , estate , microeconomics , economics , process (computing) , real estate , business , computer science , mathematics , statistics , finance , psychology , social psychology , ecology , art , literature , biology , operating system
Through the implementation of an experimental design, this study examines the effect of buyer demand specification and search patience on the home buying process. We find that there are no significant effects of demand specification on the behavior of brokers and the search results. When the search patience of a buyer is higher, the earnings of the buyer are greater, matching degree is higher, search duration is longer, number of broker recommendations is greater, and attribute competition is fiercer.