Topic

Housing theory

2 papers

WP19

The Endogenous Housing Liquidity Premium: Search Frictions, Seller Urgency, and Price Discovery

Simon-Pierre Boucher · UQO Working Papers · October 2026 · v1.0

This paper studies how search frictions, heterogeneous seller urgency, financing frictions and bargaining jointly determine the liquidity discount, transaction prices, sale hazards and price dispersion in a local housing market. In a continuous-time matching model with free entry of buyers, sellers differ in a…

Real estate economics housing liquidity search and matching seller urgency time on market PDF · 60 pages

WP18

Housing, Leverage, and Intergenerational Wealth Inequality: A Dynamic General Equilibrium Theory

Simon-Pierre Boucher · UQO Working Papers · October 2026 · v1.0

This paper asks under what conditions inherited wealth, mortgage leverage, nominal debt, housing supply and down-payment constraints generate persistent owner–renter wealth gaps among households with the same labour-income process, and what an unanticipated inflation changes. A three-stage benchmark with two-period…

Real estate economics housing tenure mortgage leverage intergenerational wealth bequests PDF · 65 pages