We estimate how households trade off immediate costs and uncertain future benefits that
occur in the very long run, 100 or more years away. We exploit a unique feature of housing …

This paper investigates the role of fundamentals and investor sentiment in commercial real
estate valuation. In real estate markets, heterogeneous properties trade in illiquid, highly …

In stark contrast with liquid asset returns, commercial real estate idiosyncratic return means
and variances do not scale with the holding period, even after accounting for all cash flow …

I compare the performance of the index‐based time series approach and the cross‐sectional
approach in estimating factor loadings of nontraded assets, and show that the latter likely …

This paper investigates the risk-return relationship in determination of housing asset pricing.
In so doing, the paper evaluates behavioral hypotheses advanced by Case and Shiller …

Investment theory dictates that capitalisation (cap) rates for freehold real estate should be
determined by the risk-free nominal rate of return plus the risk premium (RP) less the …

Purpose This paper aims to explore factors influencing apartment price volatility in the two
biggest cities in Vietnam, Hanoi and Ho Chi Minh City. Design/methodology/approach The …

Local economy should be an important determinant of commercial real estate (CRE)
performance. This paper empirically examines how the economic conditions of a …

This article uses a hand-collected sample of 733 projects from seven leading US-based real
estate crowdfunding (RECF) platforms. We analyze whether property, financing, and …

This study examines the rental rate dynamics of green commercial office properties in the
San Francisco and Washington DC metropolitan areas. We match the list of US Green …