Recently added articles from The Journal of Real Estate Research:
Time Variation of Liquidity in the Private Real Estate Market: An Empirical Investigation
Apr 01, 2008; Clayton, Jim; MacKinnon, Greg; Peng, Liang ... Abstract This paper characterizes the behavior of and evaluates competing explanations for time variation in private real estate market liquidity. In the first, sellers base their estimates of value on observations of signals from the market. The second incorporates the option value of ...
FHA/VA Financing and Price Discounts
Apr 01, 2008; Asabere, Paul K; Huffman, Forrest ... Abstract This study examines the effects of FHA and VA mortgage financing on home prices. Using a database of nearly 9,000 homes sales in the San Antonio, Texas area, hedonic analyses reveal that both types of government-backed financing are associated with reductions in selling prices ....
Intrajurisdictional Segmentation of Property Tax Burdens: Neighborhood Inequities Across an Urban Sphere
Apr 01, 2008; Smith, Brent C ... Abstract The results from this study extend the academic literature on vertical inequities in real property taxation by analyzing within jurisdictional variations in the property tax burden on residents of Chicago, Illinois. A two-stage model with an instrumental variable identifies tax ...
Conservation Status and Residential Transaction Prices: Initial Evidence from Dallas, Texas
Apr 01, 2008; Diaz, Julian III; Hansz, J Andrew; Cypher, Matthew L; Hayunga, Darren K ... Abstract The traditional mechanisms of private covenants and public restrictions may not meet the needs of residential property owners who want to preserve a certain neighborhood style. Privately initiated and publicly enforced conservation district regulations can preserve desirable ...