Similar Search Results

What affects children's outcomes : house characteristics or homeownership?

Bourassa, Steven C.; Haurin, Donald R.; Hoesli, Martin - 2015

other housing characteristics affects children's outcomes. In particular, homeownership is not statistically significant in …

Persistent link: https://www.econbiz.de/10011412412

Housing and its role in the household portfolio in Colombia

Serrano, Camilo; Hoesli, Martin - 2009

We examine the optimal allocation of assets in the portfolio of a Colombian homeowner conditional on various levels of the house value to net wealth ratio. The high rate of home ownership and low rates of investment in financial assets indicate that households allocate most of their wealth to...

Persistent link: https://www.econbiz.de/10003968758

Land leverage and house prices

Bourassa, Steven C.; Hoesli, Martin; Scognamiglio, Donato; … - 2010

A house is a bundle of land and improvements, with the weights of the two components varying both over time and across locations. We capture the land intensity or 'leverage' of a property by measuring the ratio of land to total value. This is accomplished using transactions data for single...

Persistent link: https://www.econbiz.de/10008797756

Determinants of the homeownership rate : a survey of recent contributions

Bourassa, Steven C.; Haurin, Donald R.; Hendershott, … - 2011

This study reviews the literature on the determinants of a country's homeownership rate including factors such as … methodologies. We emphasize that homeownership cannot be considered in a static framework. Rather, factors such as house price … different locations. We conclude with a review of three such analyses of the variations in homeownership rates across developed …

Persistent link: https://www.econbiz.de/10009375146

Mortgage interest deductions and homeownership : an international survey

Bourassa, Steven C.; Haurin, Donald R.; Hendershott, … - 2012

homeownership rates. The probability of becoming a homeowner is a function of the relative cost of owning and renting, borrowing … supply is inelastic. homeownership ; tax policy ; prices …

Persistent link: https://www.econbiz.de/10009558474

Financial bubbles, real estate bubbles, derivative bubbles, and the financial and economic crisis

Sornette, Didier; Woodard, Ryan - 2009

The financial crisis of 2008, which started with an initially well-defined epicenter focused on mortgage backed securities (MBS), has been cascading into a global economic recession, whose increasing severity and uncertain duration has led and is continuing to lead to massive losses and damage...

Persistent link: https://www.econbiz.de/10003970395

Response speeds of direct and securitized real estate to shocks in the fundamentals

Oikarinen, Elias; Hoesli, Martin; Serrano, Camilo - 2010

We use sector level REIT and transaction-based direct real estate data for the U.S. to provide a clearer understanding of the dynamic relations between public and private real estate returns. We exclude leverage from REIT returns to make the REIT data more comparable with the direct market data....

Persistent link: https://www.econbiz.de/10008797757

House prices, real estate returns, and the business cycle

Jaccard, Ivan (contributor) - 2007

Persistent link: https://www.econbiz.de/10003548058

Predicting house prices with spatial dependence : impacts of alternative submarket definitions

Bourassa, Steven C.; Cantoni, Eva; Hoesli, Martin - 2008

We analyze the impacts of alternative submarket definitions when predicting house prices in a mass appraisal context, using both ordinary least squares (OLS) and geostatistical techniques. For this purpose, we use over 13,000 housing transactions for Louisville, Kentucky. We use districts...

Persistent link: https://www.econbiz.de/10003961363

Are public and private asset returns and risks the same? : evidence from real estate data

Hoesli, Martin; Oikarinen, Elias - 2013

This article aims to investigate the similarity of public and private real estate returns and risks over the relatively long horizon using data for the U.S and the U.K. The results show evidence of a one-to-one relationship between publicly traded REIT performance and privately traded direct...

Persistent link: https://www.econbiz.de/10010256953