We present a view of housing market effects relating health crises to house prices. Using data on opioid prescriptions and repeat sales in Ohio, we find that house price changes around opioid dispensaries (pharmacies and practitioners) are negatively associated with the quantity of opioids...

This study empirically demonstrates the impact of wealth shocks from initial public offerings (IPOs) on local house prices by distinguishing from changes in the uncertainty and availability of wealth. Applying spatial event study methods to IPOs in California from 1993 to 2017, we find increases...

This paper presents a first view on the effects of COVID-19 and subsequent shutdown and re-opening orders on residential real estate markets. We use micro-level data on property transactions from a large number of multiple listing services and find moderate aggregate pricing effects in the...

This paper presents evidence on differential tax related incentives for divestment in residential real estate markets. Assets that are held for at least a year are taxed at a lower capital gains tax rate. The paper exploits a discontinuity in capital gains tax rates around the one year holding...

We present evidence of differential effects of risk perception in the housing market. We use housing transaction data near military bases to examine capitalization of potential military jet accident risk in house prices. We find that properties in accident potential zones (APZs) transact at...

Homeownership, though it brings both private and social benefits, entails substantial fixed costs. Indeed, standard personal financial advice suggests that homeownership should only be undertaken when one's job situation is stable and job movement is not likely in the near future. Very little...

We examine the impact of house purchases by large buy-to-rent investors on the value of nearby properties. Returns on repeat sales of properties within a quarter mile of houses purchased by buy-to-rent investors were significantly greater if the repeat sale concluded after the buy-to-rent...

This paper presents a novel view of brokerage contracts in commercial real estate. First, we show that commercial real estate brokerage compensation varies from simple at rate linear commissions to kinked commissions that offer greater incentives upon crossing certain price thresholds. Second,...

This paper presents a methodology to develop a bargaining index that measures the relative bargaining strength of sellers and buyers over time and across markets. We use listing and transaction data from across the US to estimate regressions with the log transformation of the ratio of the sale...