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Mortgage Losses: Loss on Sale and Holding Costs Journal of Real Estate Research (IF 1.825) Pub Date : 2022-04-28 Ben Le,Anthony Pennington-Cross
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Portfolio Diversification Across U.S. Gateway and Non-Gateway Real Estate Markets Journal of Real Estate Research (IF 1.825) Pub Date : 2022-04-14 Martin Hoesli,Louis Johner
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Impacts of the COVID-19 Pandemic on House Prices: Heterogeneous Impacts over Time and across the House Price Distribution Journal of Real Estate Research (IF 1.825) Pub Date : 2022-04-07 Lei Zhang,Tammy Leonard,John Bitzan
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Strategic Transactions around REIT Conversions Journal of Real Estate Research (IF 1.825) Pub Date : 2022-04-04 Pascal Frömel,Dominik Wagner,René-Ojas Woltering,David H. Downs,Steffen Sebastian
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Do the Managers of Global Real Estate Mutual Funds Have Skills? Journal of Real Estate Research (IF 1.825) Pub Date : 2022-04-04 Bryan D. MacGregor,Rainer Schulz,Yuan Zhao
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Intertemporal Risk-Return Relationship in Housing Markets Journal of Real Estate Research (IF 1.825) Pub Date : 2022-04-04 Pin-Te Lin
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Do Short-Term Real Estate Investors Outperform the Market? Journal of Real Estate Research (IF 1.825) Pub Date : 2022-02-14 Siu Kei Wong,Kuang Kuang Deng,Kwong Wing Chau
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Can Social Capital Variables Help to Determine Loan to Value Approved by Banks? Journal of Real Estate Research (IF 1.825) Pub Date : 2022-02-14 Josep Maria Raya
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Filtering to Affordable: Does Multifamily Housing Become More Affordable as It Ages? Journal of Real Estate Research (IF 1.825) Pub Date : 2022-02-07 Andrew G. Mueller,Lauren Terschan,Thomas J. PlaHovinsak
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International Housing Returns around the Financial Crisis: Disentangling Credit Supply and Demand Shocks Journal of Real Estate Research (IF 1.825) Pub Date : 2022-02-04 Randall Charles Campbell,Kenneth Deon Roskelley
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Trading and Volatility in Dual Market: Theory and Evidence from Real Estate Journal of Real Estate Research (IF 1.825) Pub Date : 2022-01-28 Lingxiao Li,Bing Zhu
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Initial Public Offerings and Local Housing Markets Journal of Real Estate Research (IF 1.825) Pub Date : 2022-01-28 Thanh Nguyen,Arsenio Staer,Jing Yang
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Monetary Policy Shifts, Dividends and REIT Momentum Journal of Real Estate Research (IF 1.825) Pub Date : 2022-01-28 Tyler K. Jensen,Tracy M. Turner
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Spatial Effects of Air Pollution on the Housing Market: Evidence from South Korea Journal of Real Estate Research (IF 1.825) Pub Date : 2022-01-02 Jiajun Lu,Youngju Lee
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Natural Disaster Risk and Residential Mortgage Lending Standards Journal of Real Estate Research (IF 1.825) Pub Date : 2021-12-22 Jun Duanmu,Yongjia Li,Meimei Lin,Salman Tahsin
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Using Artificial Intelligence to Identify Strategic Mortgage Default Attitudes Journal of Real Estate Research (IF 1.825) Pub Date : 2021-12-22 Jackson T. Anderson,Julia Freybote,David Lucus,Michael J. Seiler,Lauren Simon
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Heterogeneous Foreclosure Discounts of Homes Journal of Real Estate Research (IF 1.825) Pub Date : 2021-12-22 Ralph B. Siebert
When the foreclosure crisis hit the U.S. housing market, there was little consensus on which homeowners were affected the most by home value impairment. The goal of this study is to flexibly estimate house-specific foreclosure discounts and to explore the merits of heterogeneous foreclosure discounts across market segments. I use a comprehensive dataset that encompasses home transactions from 2000
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Rewarding a Long-Term Investment Strategy: REITs Journal of Real Estate Research (IF 1.825) Pub Date : 2021-12-20 Zifeng Feng,William G. Hardin,Chongyu Wang
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Forecasting US Commercial Property Price Indexes Using Dynamic Factor Models Journal of Real Estate Research (IF 1.825) Pub Date : 2021-12-09 Alex van de Minne,Marc Francke,David Geltner
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Consumer Choice in Residential Mortgage Market: An Islamic Mortgage Contract Journal of Real Estate Research (IF 1.825) Pub Date : 2021-10-02 Uzair Azmat,Saad Azmat,M. Kabir Hassan,Syed Zahid Ali
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Seller-Required Mortgage Preapprovals and the Homebuying Process Journal of Real Estate Research (IF 1.825) Pub Date : 2021-10-02 Daniel T. Winkler,Clifford A. Lipscomb,Bruce L. Gordon
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How Do the CEO Political Leanings Affect REIT Business Decisions? Journal of Real Estate Research (IF 1.825) Pub Date : 2021-10-02 Xiaoying Deng,Paul M. Anglin,Yanmin Gao,Hua Sun
Business decisions made by the real estate industry can have a profound effect on the wellbeing of people who live, work, or shop in these buildings. While these decisions may be informed by evidence, the available evidence is often incomplete, unrepresentative or otherwise less than ideal. Therefore, the personal opinions or judgments of senior executives can have an effect. In this paper, we study
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Investor Sentiment and Prepayment Hazard: The Case of Multifamily MBS Loans Journal of Real Estate Research (IF 1.825) Pub Date : 2021-10-02 Prashant Das,Julia Freybote
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Using Asymmetric Dominance to Resolve Toxic Debt: Combining Online and Field Experiments Journal of Real Estate Research (IF 1.825) Pub Date : 2021-10-02 Jackson T. Anderson,Kimberly F. Luchtenberg,Michael J. Seiler
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Can the Textual Tone in REIT Financial Statements Improve the Information Environment for Commercial Real Estate Investors? An Investigation Journal of Real Estate Research (IF 1.825) Pub Date : 2021-07-03 Riëtte Carstens,Julia Freybote
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Public versus Private Market Arbitrage: International Evidence for Listed Property Companies Journal of Real Estate Research (IF 1.825) Pub Date : 2021-07-03 René-Ojas Woltering,David H. Downs,Steffen Sebastian
This paper examines the performance of real estate firms that issue seasoned equity with the stated purpose of investing in private market assets. Prior literature documents that (i) firms, in gene...
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Examining Cross-border Comovements of REITs Around the World Journal of Real Estate Research (IF 1.825) Pub Date : 2021-07-03 Abdulrahman Alhassan,Mark Anthony Johnson,Atsuyuki Naka
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Time-Varying Correlations of REITs and Implications for Portfolio Management Journal of Real Estate Research (IF 1.825) Pub Date : 2021-07-03 Jackson Anderson,Randy Anderson,Hany S. Guirguis,Spencer Proppe,Michael J. Seiler
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Local Economic Conditions and Repeat-Sale Indices Performance: Evidence from a Moderation Effect Specification Journal of Real Estate Research (IF 1.825) Pub Date : 2021-07-03 Antoine Giannetti
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Buy, Sell or Hold? The Information in Institutional Real Estate Investor Consensus Journal of Real Estate Research (IF 1.825) Pub Date : 2021-04-03 Julia Freybote,Riëtte Carstens
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The Role of Debt in REIT Equity Issuance at a Discount to Net Asset Values Journal of Real Estate Research (IF 1.825) Pub Date : 2021-04-03 Kenneth Wemochiga Soyeh,Dongshin Kim,Frank Gyamfi-Yeboah
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House Prices, Open Space, and Household Characteristics Journal of Real Estate Research (IF 1.825) Pub Date : 2021-04-03 Tracy M. Turner,Youngme Seo
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Redefault Risk in the Aftermath of the Mortgage Crisis: Why Did Modifications Improve More than Self-Cures? Journal of Real Estate Research (IF 1.825) Pub Date : 2021-04-03 Paul Calem,Julapa Jagtiani,Raman Quinn Maingi
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Residential Housing Market and Bank Stability: Focusing on OECD and Emerging Asian Countries Journal of Real Estate Research (IF 1.825) Pub Date : 2021-04-03 Sangjun Lee,Alan Tidwell,Changha Jin
In this study, we examine whether the fluctuation of residential housing prices affects the stability of financial institutions in 31 Organization for Economic Co-operation and Development (OECD) a...
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Opening Bid Strategies in English Auctions Journal of Real Estate Research (IF 1.825) Pub Date : 2021-01-02 Ole Jakob Sønstebø,Jon Olaf Olaussen,Are Oust
Existing residential homes in Norway are sold by English auctions. This provides an exclusive opportunity to examine opening bid strategies for high-valued objects. Using unique data from surveys a...
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Insider Ownership, Corporate Diversification, and Firm Value: Evidence from REITs Journal of Real Estate Research (IF 1.825) Pub Date : 2021-01-02 Bakhtear Talukdar,Kenneth Wemochiga Soyeh,Ali M. Parhizgari
We examine the link between REIT insider ownership and property type diversification. Also, we investigate whether property-focused REITs with more insider equity holdings have a higher market valu...
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Days and Confused: Housing Price and Liquidity Response to New Local Public Schools Journal of Real Estate Research (IF 1.825) Pub Date : 2021-01-02 Nicholas B. Irwin,Mitchell R. Livy
The existing real estate literature extensively documents the relationship between housing prices and school quality and, to a lesser extent, the effects of school quality on market liquidity. Howe...
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“Don't Know What You Got till It’s Gone”: The Community Reinvestment Act in a Changing Financial Landscape Journal of Real Estate Research (IF 1.825) Pub Date : 2021-01-02 Lei Ding,Leonard Nakamura
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The Liquidity Risk of REITs Journal of Real Estate Research (IF 1.825) Pub Date : 2021-01-02 Jeffrey A. DiBartolomeo,Vladimir A. Gatchev,David M. Harrison
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Do Traditional Real Estate ETFs Increase the Volatility of REITs? Journal of Real Estate Research (IF 1.825) Pub Date : 2020-10-01 William G. Hardin,Catalina Hurwitz,Ali Parhizgari
We examine the impact of the introduction of traditional, non-U.S., real estate exchange traded funds (ETFs) on the realized volatility of real estate ETFs’ component stocks in a global setting. We...
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Which Sentiment Indicators Matter? Evidence from the European Commercial Real Estate Market Journal of Real Estate Research (IF 1.825) Pub Date : 2020-10-01 Steffen Heinig,Anupam Nanda,Sotiris Tsolacos
Measuring sentiment has been at the center of research for many years. While direct sentiment measures are assumed to be more suitable, we examine the construction and U.S. ability of indirect meas...
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The Impact of Municipal Water Use Restrictions on the Pricing of Water-Sensitive Features in Single-Family Homes Journal of Real Estate Research (IF 1.825) Pub Date : 2020-10-01 Riëtte Carstens,Yiping Fang,Julia Freybote
We investigate the impact of municipal water restrictions in response to a drought on the pricing of water-sensitive home features by homebuyers. In our empirical investigation, we focus on Cape To...
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Interactions Between Housing Market and Stock Market in the United States: A Markov Switching Approach Journal of Real Estate Research (IF 1.825) Pub Date : 2020-10-01 Ming-Chu Chiang,Tien Foo Sing,Long Wang
This study uses the Markov switching vector autoregressive model (MSVAR) model to examine dynamic relationships between stock and housing market returns in the United States covering the period fro...
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Pricing of Presale Contracts with Macroeconomic Factors and Stochastic Basis Risk Journal of Real Estate Research (IF 1.825) Pub Date : 2020-10-01 Chih-Yuan Yang,Ming-Chi Chen,Chia-Chien Chang
This study analyzes the stochastic basis risk (presale price minus spot housing price) of presale housing from the viewpoint of forward pricing. We employ the modified Brownian bridge process to de...
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Solving Old Puzzles with New Tricks: Addressing Endogeneity and Nonlinearity in Time-on-Market Research Journal of Real Estate Research (IF 1.825) Pub Date : 2020-07-02 Justin D. Benefield,Christopher L. Cain,Norman Maynard
The most commonly used econometric models for time-on-market in housing studies force researchers into a tradeoff between problems of nonlinearity, which may be addressed with a hazard model, and e...
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Tax Evasion in the Housing Market: Identification and Exploration Journal of Real Estate Research (IF 1.825) Pub Date : 2020-07-02 Danny Ben-Shahar,Roni Golan,Eyal Sulganik
The real estate market is recognized as a fertile ground for tax violations. Specifically, reporting a price lower than the true transaction price in order to avoid tax payments is a prevalent tech...
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House Price Dynamics and Bank Herding: European Empirical Evidence Journal of Real Estate Research (IF 1.825) Pub Date : 2020-07-02 António Miguel Martins,Ana Paula Serra,Francisco Vitorino Martins,Simon Stevenson
This paper examines house price dynamics, bank herding behavior, and the linkages between them. The analysis presented indicates that prior to the financial crisis, non-fundamental factors played a...
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The Spatial and Time-Varying Contagion Effect of Foreclosures Journal of Real Estate Research (IF 1.825) Pub Date : 2020-07-02 Qin Fan,J. Andrew Hansz
We employ a Cox proportional hazard model to examine the effect of observed mortgage defaults within a neighborhood on homeowners’ strategic default decisions, using multiple datasets from the Fres...
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Price Discovery with Heterogeneous Sellers in Real Estate Journal of Real Estate Research (IF 1.825) Pub Date : 2020-07-02 Ping Cheng,Zhenguo Lin,Yingchun Liu
This paper provides a theoretical framework to examine how the differences in seller motivation can potentially affect the distribution of home prices. Heterogeneous seller behavior, strategies, an...
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To Airbnb? Factors Impacting Short-Term Leasing Preference Journal of Real Estate Research (IF 1.825) Pub Date : 2020-04-02 Andy Krause,Gideon Aschwanden
The growth of Airbnb and other short-term rental platforms have presented absentee owners of urban residential properties with a choice of leasing strategy: traditional long-term rental or a short-...
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Measuring the Impact of Monetary Policy on Mortgage Rates Journal of Real Estate Research (IF 1.825) Pub Date : 2020-04-02 Hany S. Guirguis,John Trieste
This study examines the impact of United States monetary policies on domestic mortgage rates, incorporating a holistic set of macroeconomic variables in its analysis. Two obstacles have prevented t...
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The Cost of Debt for REITs: The Mortgage Puzzle Journal of Real Estate Research (IF 1.825) Pub Date : 2020-04-02 Linda Allen,Mariya Letdin
Established, low-leverage equity REITs with access to the public debt market rely on both non-recourse mortgages and full recourse bonds/notes as sources of long-term debt. Interest rates on secure...
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Environmental and Security Risk Factors behind Mortgage Arrears in Israel Journal of Real Estate Research (IF 1.825) Pub Date : 2020-04-02 Yosi Borochov,Boris A. Portnov,Nahum Biger
If a mortgage borrower misses three or more payments, the loan moves into the mortgage arrears (MA) category. This study examines MA events in Israel from 2010 to 2016, focusing on the effect of se...
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The Effects of Government-Announced Soil Liquefaction Potential on Housing Prices in Reported Areas: A Two-Stage Spatial Quantile Regression Analysis Journal of Real Estate Research (IF 1.825) Pub Date : 2020-04-02 Chih-Min Liang,Chun-Chang Lee,Jia-Wei Lee,Zheng Yu
This study examines the effects of a government announcement of soil liquefaction potential on housing prices in the reported areas, and explores the rate at which these prices changed after the an...
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Forecasting Interconnections in International Housing Markets: Evidence from the Dynamic Model Averaging Approach Journal of Real Estate Research (IF 1.825) Pub Date : 2020-01-01 Hardik A. Marfatia
In this paper, I undertake a novel approach to uncover the forecasting interconnections in the international housing markets. Using a dynamic model averaging framework that allows both the coeffici...
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Equity versus Asset Acquisitions in the REIT Industry Journal of Real Estate Research (IF 1.825) Pub Date : 2020-01-01 Daniel Huerta-Sanchez, Thanh Ngo, Mark K. Pyles
Real estate investment trust (REIT) acquisitions are recurrent capital allocation decisions that impact the value and operations of the firm. Although REIT equity acquisitions have received conside...
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Understanding Distressed Residential Transaction Discounts Across Price Segments and Market Conditions Journal of Real Estate Research (IF 1.825) Pub Date : 2020-01-01 Ramya Rajajagadeesan Aroul, J. Andrew Hansz, Mauricio Rodriguez
In the literature, there is a wide range of discounts associated with foreclosures. Comparisons across studies are difficult as they use different methodologies across large areas over different ti...
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Housing Returns with Mortgage and Price Shocks Journal of Real Estate Research (IF 1.825) Pub Date : 2020-01-01 Peter Chinloy, Man Cho, Cheng Jiang, Inho Song
We examine the sum of the net rent-price ratio plus the expected real capital gains, which is the real return to holding a house. The rent-price ratio depends on expectations about interest rates, ...
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Clientele Effects for Corporate Investors in the Industrial Market Journal of Real Estate Research (IF 1.825) Pub Date : 2020-01-01 Yu Liu, Jonathan A. Wiley
Corporate investors pay significantly higher prices for industrial acquisitions (by an estimated 10%), but sell at market prices that are no different from other investors. The findings implicate i...
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Neighborhood Blight Indices, Impacts on Property Values and Blight Resolution Alternatives Journal of Real Estate Research (IF 1.825) Pub Date : 2019-10-01 Wei Sun, Ying Huang, Ronald W. Spahr, Mark A. Sunderman, Minxing Sun
Abstract We identify the real and social costs associated with neighborhood blight by creating unique neighborhood blight indices based on average individual property blight scores in Memphis, Tenn...