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National Association of Realtors - Research

National Association of Realtors

This site provides a variety of U.S. real estate statistics on the national, state, and metropolitan area level.

Persistent link: https://www.econbiz.de/10005842877

Investing for the Long-Run in European Real Estate

Fugazza, Caroline; Guidolin, Massimo; Nicodano, Giovanna - Manchester Business School - 2006

We calculate optimal portfolio choices for a long-horizon, risk-averse investor who diversifies amongEuropean stocks, bonds, real estate, and cash, when excess asset returns are predictable. Simulations areperformed for scenarios involving different risk aversion levels, horizons, and...

Persistent link: https://www.econbiz.de/10005870164

Time and Risk Diversification in Real EstateInvestments: Assessing the Ex Post EconomicValue

Fugazza, Carolina; Guidolin, Massimo; Nicodano, Giovanna - Manchester Business School - 2009

Welfare gains to long-horizon investors may derive from time diversification that exploits non-zerointertemporal return correlations associated with predictable returns. Real estate may thus become moredesirable if its returns are negatively serially correlated. While it could be important for...

Persistent link: https://www.econbiz.de/10005870699

Credit Supply and the Price of Housing

Favara, Giovanni; Imbs, Jean - National Centre of Competence in Research - Financial … - 2010

We show that since 1994, branching deregulations in the U.S have signicantly af-fected the supply of mortgage credit …, and ultimately house prices. With deregulation,the number and volume of originated mortgage loans increase, while denial … rates fall.But the deregulation has no effect on a placebo sample, formed of independent mort-gage companies that should not …

Persistent link: https://www.econbiz.de/10009522189

Are Home Prices the Next “Bubble”?

MacCarthy, Jonathan; Peach, Richard W. - Federal Reserve Bank <New York, NY> - 2004

[...]In this article, we assess the evidence in support of a bubblein U.S. home prices and discuss whether a severe decline inthese prices is likely. We also examine the effects of a steep dropin home prices on the broader national economy. Examining the possible effects of a severe decline in...

Persistent link: https://www.econbiz.de/10005869742

Government Regulation and Changes in the Affordable Housing Stock

Somerville, Craig Tsuriel; Mayer, Christopher J. - University of British Columbia <Vancouver, British …; … - 2003

[...]In this paper, we look at the relationship between these twoissues to examine how government regulation affects thedynamics of the low-income housing stock. We find that,consistent with theoretical models of housing, restrictions onthe supply of new units lower the supply of affordable...

Persistent link: https://www.econbiz.de/10005869787

The Twenty-Fifth Anniversary of the Community Reinvestment Act: Past Accomplishments and Future Regulatory Challenges

Apgar, William C.; Duda, Mark - Joint Center for Housing Studies <Cambridge, Mass.> - 2003

commentary on the CRA’s impact on small-businessand multifamily lending, as well as on the provision of financialservices more … banks and mortgage lenders as wellas the impact on the relationship between mortgage lendersand community-based advocacy … providing a brief review of the evolution of CRAregulations, we document the impact that the CRA has hadon home mortgage lending …

Persistent link: https://www.econbiz.de/10005869799

The Building Blocks for Private Investment in New York City’s Underserved Communities

Roberts, Richard - 2003

[...]There are, of course, more traditional sources of privatesectorcapital for these markets. First among them is theCommunity Reinvestment Act. As we heard earlier, and asmany of us know firsthand, the act has had a dramatic effect interms of directing private-sector resources into urban...

Persistent link: https://www.econbiz.de/10005869800

Discussion Paper ResponseFSA DP09/3: Mortgage Market Review

Chartered Insurance Institute - 2010

and employers” in insurance and financial services. Our membership includes 4,158 members1 of the CII Society of Mortgage … Professionals (SMP) which is the UK’s largest society of mortgage broking, adviser and related roles.[...] …

Persistent link: https://www.econbiz.de/10005870177

Credit, Equity, and Mortgage Refinancings

Peristiani, Stavros; Bennett, Paul; Monsen, Gordon; … - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This article significantly advances the literature onmortgage prepayments by introducing quantitative measuresof individual homeowner credit histories to the loan-levelanalysis of the factors influencing the probability that a homeownerwill refinance. In addition to credit histories, we...

Persistent link: https://www.econbiz.de/10005870272