Table 4 Lagged effect of aggregate online interest on price
From: Home is where the ad is: online interest proxies housing demand
Dependent variable: | ||||
|---|---|---|---|---|
\(\mathit {LOGPRICEM}2_{t}\) | ||||
OMI micro-zone | City | |||
(1) | (2) | (3) | (4) | |
\(\mathit {LOGPRICEM}2_{t-1}\) | 0.511∗∗∗ | 0.511∗∗∗ | 0.639∗∗∗ | 0.619∗∗∗ |
(0.014) | (0.014) | (0.039) | (0.041) | |
\(\mathit {LOGCLICKS}_{t-1}\) | 0.035 | −0.050 | ||
(0.025) | (0.058) | |||
\(\mathit {LOGCLICKS}_{t-2}\) | 0.051∗∗ | −0.040 | ||
(0.026) | (0.060) | |||
\(\mathit {LOGCONTACTS}_{t-1}\) | 0.019 | −0.026 | ||
(0.013) | (0.046) | |||
\(\mathit {LOGCONTACTS}_{t-2}\) | 0.030∗∗ | 0.100∗∗ | ||
(0.013) | (0.050) | |||
DEGREE | 0.836∗∗∗ | 0.866∗∗∗ | 0.938∗∗ | 0.513 |
(0.083) | (0.081) | (0.414) | (0.424) | |
UNEMPLOYED | −2.736∗∗∗ | −2.694∗∗∗ | −0.298 | −0.897 |
(0.456) | (0.455) | (0.878) | (0.897) | |
OWNEDHOUSES | −0.503∗∗∗ | −0.493∗∗∗ | −0.392 | −0.057 |
(0.068) | (0.067) | (0.333) | (0.336) | |
FOREIGN | −0.444∗∗∗ | −0.483∗∗∗ | 0.109 | 0.107 |
(0.094) | (0.093) | (0.524) | (0.519) | |
Constant | 3.366∗∗∗ | 3.945∗∗∗ | 3.390∗∗∗ | 2.921∗∗∗ |
(0.171) | (0.148) | (0.556) | (0.417) | |
Fixed effects | City + quarter | City + quarter | Quarter | Quarter |
Observations | 2977 | 2977 | 423 | 420 |
Adjusted R-squared | 0.835 | 0.835 | 0.540 | 0.541 |
AIC | −919 | −920 | 110 | 109 |