Search Results - "The journal of real estate finance and economics"

Local Beta: Has Local Real Estate Market Risk Been Priced in REIT Returns? by Zhu, Bing, Lizieri, Colin

“…This paper studies the pricing of the risk associated with the location of the assets. The local real estate market risk is measured by ‘local beta’, which…”
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Does Bike Sharing increase House Prices? Evidence from Micro-level Data and the Impact of COVID-19 by Zhou, Zhengyi, Li, Hongchang, Zhang, Anming

“…With unique datasets, this paper studies the effects of dockless bike sharing on house prices. We find that in neighborhoods relatively far from subway…”
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The Housing Market Effects of Local Home Purchase Restrictions: Evidence from Beijing by Sun, Weizeng, Zheng, Siqi, Geltner, David M., Wang, Rui

“…Home prices have surged in major Chinese cities, leading to concerns of asset price bubbles and housing affordability. The policy of home purchase restrictions…”
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Uncertainty Measures and Sector-Specific REITs in a Regime-Switching Environment by Demiralay, Sercan, Kilincarslan, Erhan

“…In this paper, we attempt to explore the effects of various uncertainty measures – namely, implied volatility (VIX), tail risk (SKEW), economic policy…”
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Coming of Age: Renovation Premiums in Housing Markets by Mamre, Mari O., Sommervoll, Dag Einar

“…We rely on novel textual analysis of real estate listings and identify renovated dwellings in a dataset of Norwegian transactions to estimate the renovation…”
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Tenant Mix and Retail Rents in High Street Shopping Districts by Zhang, Song, van Duijn, Mark, van der Vlist, Arno J.

“…Urban areas have long had shopping districts in which retail properties are concentrated. It is argued that the diversity of retail tenants, often called…”
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Might expert knowledge improve econometric real estate mass appraisal? by Doszyń, Mariusz

“…The article examines whether expert knowledge improves the estimation results of real estate mass appraisal models. Six econometric models were compared: OLS,…”
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The Size and Spatial Extent of Neighborhood Price Impacts of Infill Development: Scale Matters? by Nygaard, Christian A., Galster, George, Glackin, Stephen

“…Infill investments are argued to mitigate environmental footprints, regenerate places and accommodating population growth, but frequently generate local…”
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A Machine Learning Approach to Price Indices: Applications in Commercial Real Estate by Calainho, Felipe D., van de Minne, Alex M., Francke, Marc K.

“…This article presents a model agnostic methodology for producing property price indices. The motivation to develop this methodology is to include non-linear…”
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House Prices and Flood Risk Exposure: An Integration of Hedonic Property Model and Spatial Econometric Analysis by Bui, Nam, Wen, Le, Sharp, Basil

“…The impact of climate change is devastating in developing countries where flood protection and insurance schemes are limited. Certain parts of Ho Chi Minh…”
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Machine Learning Predictions of Housing Market Synchronization across US States: The Role of Uncertainty by Gupta, Rangan, Marfatia, Hardik A., Pierdzioch, Christian, Salisu, Afees A.

“…We analyze the role of macroeconomic uncertainty in predicting synchronization in housing price movements across all the United States (US) states plus…”
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Are Online-Only Real Estate Marketplaces Viable? Evidence from China by Xu, Mandi, Zheng, Hefan, Wu, Jing

“…Online businesses have been surging worldwide during the past decade, especially during the recent COVID-19 epidemic. However, the market share of online real…”
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Accounting for Spatial Autocorrelation in Algorithm-Driven Hedonic Models: A Spatial Cross-Validation Approach by Deppner, Juergen, Cajias, Marcelo

“…Data-driven machine learning algorithms have initiated a paradigm shift in hedonic house price and rent modeling through their ability to capture highly…”
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Information Asymmetry with Heterogeneous Buyers and Sellers in the Housing Market by Li, L., Chau, K. W.

“…This study examines how heterogeneous traders on both sides of transactions behave in the housing market under information asymmetry. Two types of buyers,…”
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Distance to Headquarter and Real Estate Equity Performance by Milcheva, Stanimira, Yildirim, Yildiray, Zhu, Bing

“…We study the effect of geographic portfolio diversification of real estate firms on their investment performance before and after the global financial crisis…”
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The Effect of Expected Losses on the Hong Kong Property Market by Li, Ling, Wan, Wayne Xinwei

“…Expected losses anchored to purchase prices can affect actual transactions in different property sectors. Utilizing the data of over a million commercial and…”
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Price Exuberance and Contagion across Housing Markets: Evidence from US Metropolitan Areas by Chowdhury, Md Shahedur R., Damianov, Damian S., Escobari, Diego

“…Contagion occurs when cross-market correlation increases because of a shock to one market. Identifying shocks as episodes of house price exuberance, we provide…”
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Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address? by Hurley, Aoife K., Sweeney, James

“…Accurate and efficient valuation of property is of utmost importance in a variety of settings, such as when securing mortgage finance to purchase a property,…”
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Search Costs, Behavioral Biases, and Information Intermediary Effects by Ling, David C., Naranjo, Andy, Petrova, Milena T.

“…In many markets, buyers, sellers, and their agents have differential information about the quality of heterogeneous assets. We study negotiated transaction…”
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