This article uses recent measures of the risk and return to investment in housing to estimate the effects of including a single family home in the investor portfolio. We estimate the expected return and standard deviation of that return, as well as its correlation with other major investment...

Simulation techniques allow the author to examine the behavior and accuracy of several repeat sales regression estimators used to construct real estate return indices. He shows that the generalized least squares (GLS) method is the maximum likelihood estimator, and he shows how estimation...

This article documents 20 years of performance of commercial real estate in the United States using a portfolio of properties that comprise the widely followed NCREIF Property Index (NPI). We develop an extension of the repeated-measures regression (RMR) to produce an improved version of the...