1,718 research outputs found

    Competition and market structure in local real estate markets

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    The persistence of the standard six percent real estate sales commission across markets and over time calls into question the competitiveness of the residential real estate brokerage industry. While there is anecdotal evidence that some local real estate markets are fairly concentrated, no systematic study of market structures has been conducted. We have collected primary data on the number and market shares of real estate brokers in a variety of small, medium, and large real estate markets across the U.S. for 2007 and 2009. In addition to these cross sectional data, we have also collected longitudinal data on the size distribution of firms for Louisville, KY for a nine-year period. In our cross-sectional analysis of medium and large markets, we find no evidence that market concentration might create problems for competition. We do find that small markets on average have higher HHI’s than medium and large markets. The longitudinal analysis reveals that many small brokers are in and out of the market, selling a house or two one year and selling zero houses the next year.HHI; real estate brokerage competition; Herfindahl-Hirschman Index

    2. Wochenbericht FS Alkor cruise AL534/2: RiverOceanPlastic

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    09.03.-15.03.202

    3. Wochenbericht FS Alkor cruise AL534/2: RiverOceanPlastic

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    16.03.-22.03.202

    3. Wochenbericht FS Alkor cruise AL534/2: RiverOceanPlastic

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    16.03.-22.03.202

    1. Wochenbericht FS Alkor cruise AL534-2 [AL534/2]: RiverOceanPlastic

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    05.03.-08.03.202

    4. Wochenbericht FS Alkor cruise AL534/2: RiverOceanPlastic

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    23.03.-26.03.202

    Weed Garden: An Effective Tool for Extension Education

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    A weed garden was constructed to quantify and improve identification skills among clientele. The garden was planted with over 100 weed species based on surveys on problematic weeds. The weed garden proved useful for introducing additional hands-on learning activities into traditional lecture-based seminars. Through seminar and field day attendee feedback, data were gathered on weeds commonly misidentified. The data reflected the need to continue focusing education efforts on weed identification and to increase training on weeds commonly misidentified. Through continued use of the weed garden, Extension specialists can enhance clientele identification skills and aid in developing effective weed management strategies
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