caa a22 4500 445316322 CHVBK 20180317142648.0 cr unu---uuuuu 170323e20111001xx s 000 0 eng 10.1007/s11146-009-9219-6 doi (NATIONALLICENCE)springer-10.1007/s11146-009-9219-6 On the Relationship Between Property Price, Time-on-Market, and Photo Depictions in a Multiple Listing Service [Elektronische Daten] [Justin Benefield, Christopher Cain, Ken Johnson] This paper investigates the relationship of property price and time-on-market to the use of property photo depictions in a multiple listing service. Empirical testing reveals that price as a function of photo depictions is increasing at a decreasing rate for both interior and exterior photos. Testing also reveals that time-on-market as a function of property photos is increasing at a decreasing rate for interior photos, but is not related to exterior photos. Results are sensitive to the number of photos allowed by the Multiple Listing Service. Overall, the results suggest that additional photographs increase price, while simultaneously lengthening property marketing duration, ceteris paribus. Springer Science+Business Media, LLC, 2009 Hedonic modeling nationallicence Hazard modeling nationallicence Information overload nationallicence Multiple listing service nationallicence Real estate marketing nationallicence Benefield Justin Department of Economics and Finance, College of Charleston, 5 Liberty Street, Suite 400, 29424, Charleston, SC, USA aut Cain Christopher Department of Business and Accounting, Birmingham-Southern College, 900 Arkadelphia Road, Box549039, 35254, Birmingham, AL, USA aut Johnson Ken Department of Finance and Real Estate, Florida International University, 11200 SW 8th Street, MARC 230, 33199, Miami, FL, USA aut The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 43/3(2011-10-01), 401-422 0895-5638 43:3<401 2011 43 11146 https://doi.org/10.1007/s11146-009-9219-6 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11146-009-9219-6 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Benefield Justin Department of Economics and Finance, College of Charleston, 5 Liberty Street, Suite 400, 29424, Charleston, SC, USA aut NATIONALLICENCE 700 1- Cain Christopher Department of Business and Accounting, Birmingham-Southern College, 900 Arkadelphia Road, Box549039, 35254, Birmingham, AL, USA aut NATIONALLICENCE 700 1- Johnson Ken Department of Finance and Real Estate, Florida International University, 11200 SW 8th Street, MARC 230, 33199, Miami, FL, USA aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 43/3(2011-10-01), 401-422 0895-5638 43:3<401 2011 43 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer