The Shifting of FHA Discount Points: Actual Vs. Expectations
This study extends the earlier studies by Zerbst and Brueggeman (Z&B) and Colwell, Guntermann and Sirmans (CGS) with regard to the shifting of FHA discount points by the seller to the buyer in the form of a higher selling price. The study extends the earlier studies by reducing the estimation problems of the CGS model and further developing the Z&B model to incorporate expected discount points built into the asking price. The results presented indicate that 100% of the points are not being shifted. Reasons for the less-than-full shifting are given. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1984
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Authors: | Smith, Stanley D. ; Sirmans, G. Stacy |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 12.1984, 2, p. 153-161
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
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