Gender Price Differentials in the Housing Market: Evidence from a Repeat-Sales Approach

13 Pages Posted: 9 Jan 2019

See all articles by Sean O'Connor

Sean O'Connor

University of Oklahoma - Department of Economics

Brent Norwood

University of Oklahoma - Department of Economics

Myongjin Kim

University of Oklahoma - Department of Economics

Leilei Shen

Kansas State University - Department of Economics

Date Written: December 18, 2018

Abstract

Do women pay more than men for similar housing? We utilize repeat-sales housing transactions drawn from ZTRAX to examine if gender gaps exist in house purchase prices and loan to price ratios. Our analysis utilizes repeat-sales and include house and neighborhood-by-time fixed effects to control for unobserved differences in the quality of houses and their associated neighborhoods. We find that female homebuyers pay a 2% premium on average. In addition, female homebuyers’ loan to price ratio is 3 percentage points lower than that of male buyers. We also show that female buyers pay less when the seller is female than when the seller is male. However, the gender price differentials and loan-to-price differentials are disappearing in more recent years. Our estimates have implications for the levels and persistence of gender differences in homeownership and wealth accumulation.

Keywords: Gender Differences, Housing Market, Repeat-Sales Approach

JEL Classification: H0, J71, J16, J15, K4, R2, R3

Suggested Citation

O'Connor, Sean and Norwood, Brent and Kim, Myongjin and Shen, Leilei, Gender Price Differentials in the Housing Market: Evidence from a Repeat-Sales Approach (December 18, 2018). Available at SSRN: https://ssrn.com/abstract=3307563 or http://dx.doi.org/10.2139/ssrn.3307563

Sean O'Connor (Contact Author)

University of Oklahoma - Department of Economics ( email )

308 Cate Center 1
Room 336
Norman, OK 73019-2103
United States

Brent Norwood

University of Oklahoma - Department of Economics ( email )

729 Elm Avenue
Norman, OK 73019-2103
United States

Myongjin Kim

University of Oklahoma - Department of Economics ( email )

308 Cate Center Drive
Norman, OK 73019-2103
United States

Leilei Shen

Kansas State University - Department of Economics ( email )

Manhattan, KS 66506-4001
United States

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