Most of America’s largest cities in 1950 have declined since then. In these declining areas, most homes cost less than the cost of new construction. In 1990, nearly 60 percent of all owner-occupied single-unit residences in Midwest central cities were valued at less than the cost of...

This paper examines whether there is a housing affordability problem in America by comparing house prices to the costs of new construction. It then proceeds to investigate why prices far exceed construction costs in certain areas. In most of the country, home prices appear to be fairly close to...

We estimate there are from $10.4-$13.3 billion in annual brokerage commissions on office and industrial properties. Our estimate is based on an underlying imputation of office and industrial sector size that relies on new data that constitutes a census of properties in major markets. This is...

June 24, 2002 <p> Analysis of twenty large metropolitan areas shows that the spatial distribution of purchases made by Fannie Mae and Freddie Mac in support of the Low and Moderate- Income Housing Goal does not match the spatial distribution of low- and moderate-income households that apply for or...</p>

Even though the GSEs, Fannie Mae and Freddie Mac, meet their low-income related housing goals in aggregate, the spatial distribution of their loan purchases within metropolitan areas does not closely match the spatial distribution of households qualified to borrow under the goals. Tracts located...

The rise of new information technology is likely to bring about three broad changes to the commercial brokerage industry. The first, which already is occurring, is the development of specialist firms that perform only a part of the brokerage process such as the research or listings function. We...