We survey the properties of commercial real estate (CRE) as an asset class. We first
illustrate its importance relative to the US economy and to other asset classes. We then …

In this chapter, we review and discuss the large body of research that has developed over
the past 10-plus years that explores the interconnection of macroeconomics, finance, and …

This paper provides a systematic empirical analysis of the role of the housing market in the
macroeconomy in the US and the euro area. First, it establishes some stylised facts …

This study examines the dynamic agglomeration economies through matching channel
between human capital agglomeration, regional economic development, and housing …

This paper analyses the role of a news-based measure of economic policy uncertainty
(EPU) in explaining time-varying co-movements in economic activity and volatility of 48 US …

This article applies a three-regime Markov switching model to investigate the impact of the
macroeconomy on the dynamics of the residential real estate market in the US. Focusing on …

Circa 2007 through 2009, the United States experienced a financial crisis, and a recession,
that by many measures was the largest adverse economic event the US has experienced …

This study is aimed at examining the dynamic relationship between real housing prices
(RHP) return and economic policy uncertainty (EPU) using a panel vector autoregressive …

We analyze the role of macroeconomic uncertainty in predicting synchronization in housing
price movements across all the United States (US) states plus District of Columbia (DC). We …

The aim of this research is to assess the sustainability of the Estonian housing market, which
is characterized as owner-occupied, in comparison with other EU countries in the light of …