real estate
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The New Housing Discrimination: Realtor Minority Steering
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2018 marks the 50th anniversary of the Fair Housing Act—an important victory for activists in the Civil Rights era—but this historic legislation did not eradicate discrimination in the housing market. Evidence shows that real estate agents today still steer buyers into same-race neighborhoods—a phenomenon where realtors show only selected neighborhoods…
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All Growth Is Local: Housing Supply and the Economics of Mobility
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Economists argue that more reasonable zoning regulations could boost social mobility, increase incomes, and expand economic growth.
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Cheap Talk and the Economics of Negotiation
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Empirical research shows that impatient sellers use round numbers to signal their willingness to cut prices in order to sell more quickly.
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A Tripartite Alliance for Hukou Reform
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Although earlier hukou reforms benefited rural residents by allowing them to seek employment and business opportunities in the city, recent hukou reforms have served as a wheel of agrarian capitalism, the purpose of which is to lure or force rural residents to leave land for city and to open up…
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Time for China to Embrace Property Tax?
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Chinese local government’s revenue dependence on land granting is no longer sustainable due to exhausted land resources, distorted profit distribution, and rampant sprawl development. Property tax might solve the problem.