We propose newly developed unsmoothing techniques for appraisal-based real estate returns based on a regime-switching Threshold Autoregressive (TAR) model. We show that when true returns follow a TAR process, conventional linear autoregressive technique are misspecified and underestimate true...

"Real Estate: The Basics will be helpful reading for anyone thinking about studying Real Estate, Property or other Built Environment topics. It could be used to teach across a wide variety of courses, to provide an aide memoire to those that are already working in the industry, and to give those...

1. Introduction -- 2. Real estate in context -- 3. The diversity of real estate -- 4. Real estate as an asset -- 5. Real estate as a resource -- 6. Real estate people -- 7. The basics of real estate law -- 8. The landlord and tenant relationship -- 9. Interests in real estate -- 10. Real estate...

This paper analyzes the relationships between local and global securitized real estate markets, but also between securitized real estate and common stock markets. First, the volatility transmissions across markets are examined using an asymmetric t-BEKK (Baba-Engle-Kraft-Kroner) specification of...