This study provides evidence of the causal impact of immigration on housing prices and rents using an extensive dataset from Germany that covers 382 administrative districts over the period 2004 − 2020. Employing a panel-data approach and a …

After the great turmoil of the latest financial crisis, the criticism of the regulatory frameworks became increasingly stronger. The rules that banks needed to comply with are presumed to be procyclical and unable to prevent and mitigate the …

This article conducts a comprehensive analysis of the potential returns from investing in residential real property, with a special interest in any added gains due to trading larger volumes. Since the literature suggests that they are at a …

In September and October 2020, the Real Estate Finance & Investment Symposium, sponsored and organized by the University of Cambridge, the University of Florida, the University of Geneva, and the National University of Singapore, was held online …

Real estate agent experience, characteristics, selling strategies, and the structure of incentives affect sales performance. This paper also considers how stressful events in private life, like bankruptcy and criminal records, affect productivity.

The last century was marked by a remarkable improvement in the economic position of women, as reflected in higher labor force participation and wages. This paper extends the Hybrid Tiebout models of residential choice to allow for two-worker …

Policymakers increasingly use capital control policies (i.e., capital flow management) to manage capital flows. However, whether the implementation of such policies can effectively affect housing prices and to what extent is less discussed. In …

In 2017, parts of Portugal experienced unprecedented wildfires. We use these as a natural experiment to examine the extent to which banks operating in Portugal accounted for this exogenous environmental shock in their mortgage origination …

This paper introduces and investigates the hypothesis that the crowding-out effect surpasses the collateral effect, suggesting that an increase in the value of real estate holdings by companies hinders their competitiveness in the product market …

Mass appraisal of single-family homes is now possible using scalable versions of Gaussian process regression. However, it is here shown that the valuation accuracy of such models tends to suffer for higher priced properties where samples are thin.

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 …

Little is known about how credit affects housing prices from the housing supply side. The Chinese government has implemented a differential credit tightening policy for the real estate sector since Q3 2020, providing a quasi-natural experiment for …

This article investigates the impacts of environmental, social, and governance (ESG) performance on a firm’s valuation, cash flow, and risk. Using newly available GRESB ESG performance data from 2019 to 2021 for global equity real estate …

The conventional belief regarding the frequency of property assessment has been that annual revaluation is optimal. Practices, however, vastly differ from this norm and the length of assessment cycles diverge widely across tax assessing …

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’ …

Conditioned geographical clustering is the strategy of grouping portions of a REIT’s property portfolio within a contiguous region to exploit economies of scale through spatial proximity. This paper examines the impact of conditioned geographical …

This study develops a theoretical model examining the relation between housing market strength and brokerage choice. Our model shows that although internal transactions (where both buyer and seller agents are either the same or work for the same …

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 …

Recent housing bubbles in OECD countries have been accompanied by large-scale household debt buildups and rising homeownership rates, and have generally occurred in jurisdictions with soft legal limits to loan-to-value (LTV) ratios. We show that …