Justin D. Benefield, Christopher L. Cain, Norman Maynard
{"title":"Solving Old Puzzles with New Tricks: Addressing Endogeneity and Nonlinearity in Time-on-Market Research","authors":"Justin D. Benefield, Christopher L. Cain, Norman Maynard","doi":"10.1080/08965803.2020.1844476","DOIUrl":"https://doi.org/10.1080/08965803.2020.1844476","url":null,"abstract":"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...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/08965803.2020.1844476","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43477582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Forecasting Interconnections in International Housing Markets: Evidence from the Dynamic Model Averaging Approach","authors":"H. Marfatia","doi":"10.22300/0896-5803.42.1.37","DOIUrl":"https://doi.org/10.22300/0896-5803.42.1.37","url":null,"abstract":"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...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":"42 1","pages":"37-103"},"PeriodicalIF":0.8,"publicationDate":"2020-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46188457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Housing Returns with Mortgage and Price Shocks","authors":"Peter T. Chinloy, M. Cho, Cheng Jiang, Inho Song","doi":"10.22300/0896-5803.42.1.105","DOIUrl":"https://doi.org/10.22300/0896-5803.42.1.105","url":null,"abstract":"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, ...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":"42 1","pages":"105-124"},"PeriodicalIF":0.8,"publicationDate":"2020-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43904362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Clientele Effects for Corporate Investors in the Industrial Market","authors":"Yu Liu, Jonathan A. Wiley","doi":"10.22300/0896-5803.42.1.125","DOIUrl":"https://doi.org/10.22300/0896-5803.42.1.125","url":null,"abstract":"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...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":"42 1","pages":"125-150"},"PeriodicalIF":0.8,"publicationDate":"2020-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46187426","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Understanding Distressed Residential Transaction Discounts Across Price Segments and Market Conditions","authors":"R. Aroul, J. Hansz, M. Rodríguez","doi":"10.22300/0896-5803.42.1.151","DOIUrl":"https://doi.org/10.22300/0896-5803.42.1.151","url":null,"abstract":"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...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":"42 1","pages":"151-182"},"PeriodicalIF":0.8,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44650037","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Equity versus Asset Acquisitions in the REIT Industry","authors":"Daniel Huerta-Sanchez, Thanh Ngo, Mark K. Pyles","doi":"10.22300/0896-5803.42.1.1","DOIUrl":"https://doi.org/10.22300/0896-5803.42.1.1","url":null,"abstract":"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...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":"35 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138534433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Wei Sun, Ying Huang, R. Spahr, Mark A. Sunderman, Minxing Sun
{"title":"Neighborhood Blight Indices, Impacts on Property Values and Blight Resolution Alternatives","authors":"Wei Sun, Ying Huang, R. Spahr, Mark A. Sunderman, Minxing Sun","doi":"10.22300/0896-5803.41.4.555","DOIUrl":"https://doi.org/10.22300/0896-5803.41.4.555","url":null,"abstract":"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...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2019-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44312618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
George D. Cashman, David M. Harrison, Michael J. Seiler, Hainan Sheng
{"title":"The Relation between Intrafirm Distances and Information Opacity: Evidence from Stock Market Liquidity","authors":"George D. Cashman, David M. Harrison, Michael J. Seiler, Hainan Sheng","doi":"10.22300/0896-5803.41.4.639","DOIUrl":"https://doi.org/10.22300/0896-5803.41.4.639","url":null,"abstract":"Abstract We examine the relation between both intrafirm geographic and cultural distance (i.e., the distance between a firm's headquarters location and its investment properties) on the underlying ...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2019-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.22300/0896-5803.41.4.639","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42168751","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"REIT Operational Efficiency and Shareholder Value","authors":"Eli Beracha, Zifeng Feng, William G. Hardin","doi":"10.22300/0896-5803.41.4.513","DOIUrl":"https://doi.org/10.22300/0896-5803.41.4.513","url":null,"abstract":"Abstract A real estate investment trust (REIT) is an intermediary that passes its cash flows and income to its shareholders. Hence, the efficiency of a REIT in providing this service should affect ...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2019-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.22300/0896-5803.41.4.513","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47511092","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the Relationship between Market Sentiment and Commercial Real Estate Performance—A Textual Analysis Examination","authors":"Eli Beracha, M. Lang, Jochen Hausler","doi":"10.22300/0896-5803.41.4.605","DOIUrl":"https://doi.org/10.22300/0896-5803.41.4.605","url":null,"abstract":"Abstract We examine whether and the extent to which news-based sentiment, captured by textual analysis, can predict the performance of the private commercial real estate market in the United States...","PeriodicalId":51567,"journal":{"name":"Journal of Real Estate Research","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2019-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47235559","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}