样式: 排序: IF: - GO 导出 标记为已读
-
The Effect of Wildfires on Mortgage Pricing: Evidence from Portugal J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2024-03-05 Laura Götz, Ferdinand Mager, Joachim Zietz
-
A Local Gaussian Process Regression Approach, to Mass Appraisal of Residential Properties J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2024-02-26 Jacob Dearmon, Tony E. Smith
-
The Effects of Conventional and Unconventional Monetary Policy Shocks on US REITs Moments: Evidence from VARs with Functional Shocks J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2024-02-20
Abstract We use a vector autoregressive model with functional shocks, capturing the shift of the entire term structure of interest rates on monetary policy announcement dates, to empirically evaluate the effects of conventional and unconventional monetary policy decisions on the Real Estate Investment Trusts (REITs) markets of the United States (US). Using 5-min interval intraday data, we analyze not
-
Does Investing in ESG Pay Off? Evidence from REITs J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2024-02-13 Ryan G. Chacon, Zifeng Feng, Zhonghua Wu
-
Property Valuation – Cycle Length and Assessment Outcome J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2024-02-10 Yusun Kim, Yilin Hou
-
Peer Sentiment and Firm Production Decisions: Evidence from Homebuilders J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2024-02-02
Abstract This paper examines the effect of peer sentiment on firm production decisions using data from public homebuilders in the US. Peer sentiment is measured by the NAHB/Wells Fargo Housing Market Index, derived from a monthly survey of homebuilders’ perceptions about the housing market. A one-standard-deviation increase in the peer sentiment index induces an average builder to increase their land
-
The Impact of Property Clustering on REIT Operational Efficiency and Firm Value J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2024-01-26 Daniel Huerta, Christopher Mothorpe
-
Market Strength and Brokerage Choice in Residential Housing J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-12-27 Xiangou Deng, Zhaohui Li, Michael J. Seiler, Hua Sun
-
Micro Evidence Relating to House Rents, Prices and Investor Size from a Matched Dataset J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-12-22
Abstract We examine matched rent-price ratios and rent transaction prices for single-family houses in Miami-Dade County between January 2009 and April 2014. The primary dataset consists of properties that are purchased and then rented within 240 days of the purchase. Each of the buyers in the sample are considered investors since each property included has a rental event indicating they are not owner
-
Politics, Financial Regulation and Housing Bubbles J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-11-29 Marco M. Sorge
-
Forecasting House Prices: The Role of Fundamentals, Credit Conditions, and Supply Indicators J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-11-20 N. Kundan Kishor
-
Seller Contributions and Mortgage Performance J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-11-22 Franklin Carroll, Nuno Mota, Weifeng Wu, Eric Rosenblatt
-
Financial Crisis and Within-City Heterogeneity in Land Prices: The Role of REIT Penetration J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-11-08 Yoshiyuki Kikuchi, Meng Li, Yuxiong Xiao, Hangtian Xu, Yiming Zhou
-
Listed Real Estate as an Inflation Hedge Across Regimes J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-10-16 Jan Muckenhaupt, Martin Hoesli, Bing Zhu
-
Investment and Capital Improvements in Commercial Real Estate: The Case of REITs J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-10-11 Zifeng Feng, William G. Hardin
-
Culture and Walkability: Ethnicity, Neighborhood Walkability, and House Price J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-10-04 Debanjana Dey, Noel Ritchey, Geoffrey K. Turnbull, Velma Zahirovic-Herbert
This paper examines possible clientele effects underlying the value of walkability in the housing market. Sales transaction data during 2010–2019 in the Atlanta metro area show that houses in more walkable neighborhoods sell at a discount. At the same time, however, we find previously overlooked clientele effects. Focusing on the relationship between buyer ethnic origin and walkability value using
-
Estimating Commercial Property Fundamentals from REIT data J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-10-02 David Geltner, Anil Kumar, Alex M. Van de Minne
-
Analyzing the Impacts of Property Age on REITs and the Reasons Why REITs Own Older Properties J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-08-28 Zifeng Feng, Joseph Ooi, Zhonghua Wu
-
Assessing Housing Market Crashes over the Past 150 years J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-08-22 George Dotsis, Panagiotis Petris, Dimitris Psychoyios
-
Land Prices and the Development Process J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-08-05 Henry J. Munneke, C. F. Sirmans, Barrett Slade
-
Supply Constraints and Search Equilibrium in Office Markets J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-07-25 Gianluca Marcato, Lok Man Michelle Tong
-
The Role of Tenant Characteristics in Retail Cap Rate Variation J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-07-11 Mariya Letdin, G. Stacy Sirmans, Greg T. Smersh, Tingyu Zhou
-
Estimating Census Tract House Price Indexes: A New Spatial Dynamic Factor Approach J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-07-05 Marc Francke, Lyndsey Rolheiser, Alex Van de Minne
-
Unpledged Collateral, REIT Liquidity Constraints, and Asset Sales J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-06-24 Irem Demirci, Mehdi Rasteh, Erkan Yönder
-
The Impact of iBuyers on Housing Market Dynamics J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-05-26 David M. Harrison, Michael J. Seiler, Liuming Yang
-
Hidden Financial Costs of the Opioid Crisis: Evidence from Mortgage Originations J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-05-05 Shikong (Scott) Luo, Alan Tidwell
-
A Lucas Critique of Mortgage Lending: Theory, Evidence, and Implications J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-04-24 Brent C. Smith, Anthony M. Yezer
-
Tracking Home-Owners’ Sentiments: Subjective Indices and Convergent Validity J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-04-22 Sofie R. Waltl, Anthony Lepinteur
-
Corporate Real Estate Usage and Firm Valuation J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-04-03 Qing Li, David C. Ling, Qie Ellie Yin
-
Governmental Restrictions and Real Estate Investor Risk Perception by J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-03-27 Carina Kaiser, Julia Freybote, Wolfgang Schäfers
We investigate the impact of governmental restrictions on the short-term risk perception, as proxied by the going-in cap rate, of investors in regional and neighborhood shopping centers. We use the COVID-19 pandemic as a natural experiment and proxy for the length and severity of COVID-19 restrictions with the political affiliation of state governors. Using a sample of 40 metropolitan statistical areas
-
Boosting the Accuracy of Commercial Real Estate Appraisals: An Interpretable Machine Learning Approach J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-03-22 Juergen Deppner, Benedict von Ahlefeldt-Dehn, Eli Beracha, Wolfgang Schaefers
-
Disruptive Innovation and Real Estate Agency: The Disruptee Strikes Back J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-03-20 Seow Eng Ong, Davin Wang, Calvin Chua
-
Value Implications of REITing and De-REITing* J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-03-14 David Ling, Sugata Ray, Alan Tidwell, Luqi Xu
-
Impact of House Price on Economic Stability: Some Lessons from OECD Countries J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-03-01 Alam I. Asadov, Mansor H. Ibrahim, Ramazan Yildirim
Despite having abundant literature blaming a faulty financial system and exuberant price expectations as the primary causes of housing bubbles, there is a lack of research that looks at the impact of house price instability on the economy. This study aims to fill this gap by thoroughly examining the connection between house prices and economic output, and the effect of house price volatility on economic
-
How Local is the Crime Effect on House Prices? J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-02-24 Paula Margaretic, Juan Bautista Sosa
-
On the Impact of Infrastructure Improvement on Real Estate Property Values: Evidence from a Quasi-natural Experiment in an Emerging Market J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2023-01-03 Chinmoy Ghosh, Venkatesh Panchapagesan, Madalasa Venkataraman
-
Introduction to Special Issue: Topics Related to Real Estate Market Efficiency J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-12-21 Daniel Broxterman, Dean Gatzlaff, Mariya Letdin, G. Stacy Sirmans, Tingyu Zhou
The efficiency of the real estate market is a major concern for homeowners, investors, lenders, policymakers, and researchers. Modern academic literature has mostly moved beyond an early emphasis on formal tests of informational efficiency. The Grossman and Stiglitz (The American Economic Review 70:393–408, 1980) paradox holds that perfect informational efficiency is impossible and the joint hypothesis
-
Imputing Borrower Heterogeneity and Dynamics in Mortgage Default Models J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-12-21 Timothy Dombrowski, R. Kelley Pace, Junbo Wang
-
Corporate Real Estate Holding and Stock Returns: Testing Alternative Theories with International Listed Firms J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-11-29 Joe Cho Yiu Ng, Charles Ka Yui Leung, Suikang Chen
This study examines the relationship between corporate real estate (CRE) holdings and stock returns before and after the Global Financial Crisis (GFC). We find that (1) the United States and the United Kingdom show a negative relationship before the GFC and positive after the GFC. (2) Firms that pay positive tax or have positive R&D investments are not systematically different from the full sample
-
Spatial Prediction of Apartment Rent using Regression-Based and Machine Learning-Based Approaches with a Large Dataset J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-11-28 Takahiro Yoshida, Daisuke Murakami, Hajime Seya
-
Is there a Principal-Agency Problem with Real Estate Agents in Rental Markets? J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-11-19 Luis A. Lopez
-
Price Exuberance and Contagion across Housing Markets: Evidence from US Metropolitan Areas J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-11-14 Md Shahedur R. Chowdhury, Damian S. Damianov, Diego Escobari
-
Market and Institutional Ownership Reactions to REIT Security Issuances J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-11-09 Daniel Huerta, Thanh Ngo, Mark K. Pyles
This paper examines market and institutional ownership reactions to REIT security issuances. Specifically, we examine the short- and long-term market performance of issuing REITs compared to their non-issuing counterparts. We additionally examine changes in systematic and idiosyncratic risk curtailing from security issuances as well as institutional ownership shifts stemming from the sale of new securities
-
Spatial Market Inefficiency in Housing Market: A Spatial Quantile Regression Approach J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-10-18 Jiyoung Chae, Anil K. Bera
-
Spread Too Thin: REIT Asset Dispersion and Divergence of Opinion J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-09-20 Mariya Letdin, C. Stace Sirmans, G. Stacy Sirmans
-
Economies of Scale in the Real Estate Mutual Fund Industry J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-09-07 Ryan G. Chacon, Pratik Kothari, Thibaut G. Morillon
-
High-Frequency Contagion between Aggregate and Regional Housing Markets of the United States with Financial Assets: Evidence from Multichannel Tests J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-08-19 Goodness C. Aye, Christina Christou, Rangan Gupta, Christis Hassapis
This study examined contagion involving the aggregate and regional housing markets of the United States (US) with other asset markets using multichannel tests during the 2007–2008 global financial crisis based on a unique high-frequency, i.e., daily data set. To arrive at bias free results several contagion tests: the Forbes and Rigobon (FR) correlation test for contagion, the Fry, Martin and Tang
-
The Size and Spatial Extent of Neighborhood Price Impacts of Infill Development: Scale Matters? J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-08-08 Christian A. Nygaard, George Galster, Stephen Glackin
-
Coming of Age: Renovation Premiums in Housing Markets J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-08-04 Mari O. Mamre, Dag Einar Sommervoll
-
Information Frictions in Real Estate Markets: Recent Evidence and Issues J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-08-02 Daniel Broxterman, Tingyu Zhou
This article reviews research on the economics of information in real estate. It covers equity investment in private and public markets and intermediation by brokers. The review shows how, by examining the nature and extent of information frictions in these important markets, research has improved our understanding of potential market failures and corrections which can improve market functioning.
-
The Effect of Regulatory Oversight on Nonbank Mortgage Subsidiaries J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-07-19 Eliana Balla, Raymond Brastow, Daniel Edgel, Morgan Rose
-
Accounting for Spatial Autocorrelation in Algorithm-Driven Hedonic Models: A Spatial Cross-Validation Approach J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-07-13 Juergen Deppner, Marcelo Cajias
-
The Impact of Virtual Marketing Strategies on the Price-TOM Relation J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-30 Kelley Cours Anderson, Julia Freybote, Kerry T. Manis
Virtual tours such as pre-recorded videos or self-guided virtual reality (VR) tours represent marketing strategies that agents can use to promote homes for sale. Assuming agents aim at maximizing their net commissions, we expect virtual tours, which require more agent effort and are more costly, to be used for homes that are difficult to show due to being owner- or tenant-occupied. Using 34,359 single-family
-
Sustainability and Private Equity Real Estate Returns J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-16 Avis Devine, Andrew Sanderford, Chongyu Wang
-
Time on Market and the Cash Discount for Condos J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-16 Eli Beracha, Julia Freybote, Zhenguo Lin, Michael J. Seiler
We investigate whether the cash discount for condos is affected by time on market (TOM). Theoretically and empirically, we show that the cash discount has two components: First, condos purchased with cash sell at a discount compared to mortgage-financed condos, which is in line with the cash discount identified in the housing literature. The second component is a TOM-variable cash discount that increases
-
The Volatility of Housing Prices: Do Different Types of Financial Intermediaries Affect Housing Market Cycles Differently? J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-11 Julia Braun, Hans-Peter Burghof, Julius Langer, Dag Einar Sommervoll
-
How do Non-Core Allocations Affect the Risk and Returns of Private Real Estate Funds? J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-10 Spencer J. Couts
-
Distressed Property Sales: Differences and Similarities Across Types of Distress J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-09 Marcus T. Allen, Justin D. Benefield, Christopher L. Cain, Norman Maynard
This study analyzes the price and time-on-market effects of short sale and lender-owned properties in the single-family housing market during the recent housing crisis. Short sales increased dramatically during the downturn as an alternative to foreclosures and deed-in-lieu of foreclosure transactions for resolution of defaulted mortgage loans. Using multiple listing service data, this study provides
-
Changing the Scope of GSE Loan Guarantees: Estimating Effects on Mortgage Pricing and Availability J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-08 Alexei Alexandrov, Thomas S. Conkling, Sergei Koulayev
-
The Valuation Effect and Consequences of Clawback Adoption in Real Estate Investment Trusts J. Real. Estate Finan. Econ. (IF 1.48) Pub Date : 2022-06-03 Daoju Peng, Jianfu Shen, Simon Yu Kit Fung, Eddie C. M. Hui, Kwokyuen Fan
This study explored the valuation effect of clawback adoption in the REIT market and identified possible channels through which clawback may generate benefits to REITs. We first found that the stock market reacts positively to the announcement of clawback adoption, and that market response is more pronounced when the clawback policy is strong, based on a sample of initial clawback adoptions in REITs