In various markets around the country, some real estate professionals are employing a new pricing strategy that involves marketing homes for sale with a price range rather than a single asking price. This strategy is often touted as a mechanism that will attract more potential buyers to look at...

This study examines the market for delinquent property tax certificates, a commonly used enforcement mechanism in property tax systems around the United States. We model the value of such certificates using a continuous-time framework and propose a statistical model that allows testing for...

Mortgage interest rates have become more integrated with other capital market interests rates over recent decades, apparently as a result of the deregulation of financial markets. The link is both imperfect and time-varying. Mortgage rates during some time periods appear to be quot;stickyquot;...

Although previous research addresses the price effects of below market loan assumptions in housing transactions, no direct evidence exists regarding the price effects of above-market loan assumptions. This study develops a hypothesis of strictly non negative price effects in assumption financing...

This study considers whether auctioned properties sell for different prices than they would bring through private negotiation. After reviewing the procedural aspects of the Department of Housing and Urban Development auctions, we compare the observed prices of properties sold at one such auction...

Previous research on the returns to real estate investment trusts (REITs) has considered whether or not REITs are systematically exposed to general stock market risk and interest rate risk. This study examines how the sensitivity of REIT returns to these factors may be influenced by various REIT...