Showing 1 - 10 of 22
In this study we use functional magnetic resonance imaging (fMRI) to understand how homeowners process non-financial information when considering strategic mortgage default. We find that borrowers initially attempt to inhibit their knee jerk reaction to retaliate against a lender who has engaged...
Persistent link: https://www.econbiz.de/10011132565
We track and record five measures of eye movements of current homebuyers who are in the process of searching for homes on the Internet. Total dwell time (how long a person looks at the photo), fixation duration (how long a person spends at each focal point), and saccade amplitude (the average...
Persistent link: https://www.econbiz.de/10011132570
This article chronicles the past, present, and future of the American Real Estate Society (ARES). The primary mission of ARES is to be the leading real estate research and education organization globally that influences real estate thought leadership and decision making. To accomplish this...
Persistent link: https://www.econbiz.de/10011154074
This study uses a behavioral approach to measure the impact of a partial eminent domain land taking (which affects easement rights and causes proximity damage) on residential property values. Existing appraisal methods are not suited to handle this type of unique valuation impact determination,...
Persistent link: https://www.econbiz.de/10010827882
This study examines the risk, return, and diversification impacts of U.S. based multinational companies' real assets. The results of this study show that U.S. based multinational companies do have lower betas. However, U.S. based multinational companies' cross border real asset holdings do not...
Persistent link: https://www.econbiz.de/10010799602
This study takes 1594 potential homebuyers on a Web-based audio/visual tour of a typically priced home in their area. Using a voice-altering software as well as before and after extreme makeover photos, we are able to isolate the effect of real estate agent characteristics-attractiveness,...
Persistent link: https://www.econbiz.de/10010951958
The influential work of Genesove and Mayer (2001) uses loss aversion theory to explain several puzzling behaviors in the housing market. In this study, we present an alternative theory, which does not require an asymmetric value function, to observe the same "loss aversion" behavior....
Persistent link: https://www.econbiz.de/10010939200
A serious and imminent threat to a recovery of the global recession comes in the form of a burgeoning financial contagion known as strategic mortgage default. We theorize that the advocacy of strategic default can be likened to a disease, and as such, we employ a methodology from the field of...
Persistent link: https://www.econbiz.de/10010939215
Through the implementation of an experimental design, this study examines the effect of buyer demand specification and search patience on the home buying process. We find that there are no significant effects of demand specification on the behavior of brokers and the search results. When the...
Persistent link: https://www.econbiz.de/10010942741
This study is the first to identify whether specific individual homebuyer characteristics, such as repeat versus first-time, local versus out-of-town, individual versus joint decision-makers, and Web versus non-Web users relate to the rating of a firm’s overall service quality and whether or...
Persistent link: https://www.econbiz.de/10005092518