Search Results - "Real estate economics"

COVID‐19 and housing market effects: Evidence from U.S. shutdown orders by D'Lima, Walter, Lopez, Luis Arturo, Pradhan, Archana

“…This paper provides novel evidence on pricing effects in housing markets following government shutdown responses to COVID‐19 using microlevel data on U.S…”
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Local House Price Dynamics: New Indices and Stylized Facts by Bogin, Alexander, Doerner, William, Larson, William

“…We introduce the first publicly available data set of constant‐quality house price indices for counties, ZIP codes and census tracts in the United States, at…”
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Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Values by Fuerst, Franz, McAllister, Patrick

“…This study investigates the price effects of environmental certification on commercial real estate assets. It is argued that there are likely to be three main…”
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Housing, Wealth, Income and Consumption: China and Homeownership Heterogeneity by Chen, Jie, Hardin, William, Hu, Mingzhi

“…Impacts on consumer spending in urban China associated with housing value, housing equity, financial assets and household income are evaluated using…”
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Interpretable machine learning for real estate market analysis by Lorenz, Felix, Willwersch, Jonas, Cajias, Marcelo, Fuerst, Franz

“…Machine Learning (ML) excels at most predictive tasks but its complex nonparametric structure renders it less useful for inference and out‐of sample…”
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Large‐Scale Buy‐to‐Rent Investors in the Single‐Family Housing Market: The Emergence of a New Asset Class by Mills, James, Molloy, Raven, Zarutskie, Rebecca

“…In 2012, several large firms began purchasing single‐family homes, creating large portfolios of rental property, and securitizing these investments in capital…”
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Green Buildings in Commercial Mortgage‐Backed Securities: The Effects of LEED and Energy Star Certification on Default Risk and Loan Terms by An, Xudong, Pivo, Gary

“…We study the impact of green building on loans in the CMBS market. A hazard model shows green buildings carry 34% less default risk, all else equal. A…”
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The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address by Van Nieuwerburgh, Stijn

“…The covid‐19 pandemic induced a major shift in the prevalence of remote and hybrid work arrangements. This review article studies the effects of this remote…”
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Measuring House Price Bubbles by Bourassa, Steven C., Hoesli, Martin, Oikarinen, Elias

“…Using data for six metropolitan housing markets in three countries, this article provides a comparison of methods used to measure house price bubbles. We use…”
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Asset productivity, local information diffusion, and commercial real estate returns by Ling, David C., Wang, Chongyu, Zhou, Tingyu

“…An extensive literature finds that indices of returns on equity real estate investment trusts (REITs) predict return indices in the private commercial real…”
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The Effect of a Subway on House Prices: Evidence from Shanghai by Zhou, Zhengyi, Chen, Hong, Han, Lu, Zhang, Anming

“…Within the context of a transition economy, this article estimates how improved access to employment centers is capitalized into house price. We conduct an…”
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A New Measure of Real Estate Uncertainty Shocks by Nguyen Thanh, Binh, Strobel, Johannes, Lee, Gabriel

“…The objective of this article is twofold: first, we construct a new uncertainty measure that is specific to the real estate sector; second, we compare our…”
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Climate change and commercial real estate: Evidence from Hurricane Sandy by Addoum, Jawad M., Eichholtz, Piet, Steiner, Eva, Yönder, Erkan

“…We study how professional investors capitalize flood risk in commercial real estate (CRE) markets after hurricane Sandy. We show that New York CRE exposed to…”
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The impact of housing conditions on health outcomes by Palacios, Juan, Eichholtz, Piet, Kok, Nils, Aydin, Erdal

“…We investigate the relationship between housing conditions and health outcomes using a data set that tracks 25,000 German households over 25 years. We document…”
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Geographic diversification in real estate investment trusts by Feng, Zhilan, Pattanapanchai, Maneechit, Price, S. McKay, Sirmans, C. F.

“…Whether geographic diversification within property portfolios is ideal remains an open question, with most studies finding either a diversification discount or…”
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The Dynamic Impact of Monetary Policy on Regional Housing Prices in the United States by Fischer, Manfred M., Huber, Florian, Pfarrhofer, Michael, Staufer‐Steinnocher, Petra

“…This article uses a factor‐augmented vector autoregressive model to examine the impact of monetary policy shocks on housing prices. To simultaneously estimate…”
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The Walkability Premium in Commercial Real Estate Investments by Pivo, Gary, Fisher, Jeffrey D.

“…This article examines the effects of walkability on property values and investment returns. Walkability is the degree to which an area within walking distance…”
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On the Value of Environmental Certification in the Commercial Real Estate Market by Holtermans, Rogier, Kok, Nils

“…A significant part of the global carbon externality stems from the real estate sector. Environmental certification is often hailed as an effective means to…”
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A flexible method of housing price index construction using repeat‐sales aggregates by Contat, Justin, Larson, William D.

“…The major issue which we address in this article is the one‐size‐fits‐all nature of the typical city‐level housing price index. In this vein, we make two…”
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Caring about bequest, so caring for parents? Evidence from China's housing sector by He, Jia, Wu, Jing, Zhang, Qi, Zhang, Rongjie

“…This article reveals an informal eldercare arrangement in China by focusing on how the value of housing owned by aging parents affects adult children's…”
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