This study examines house transaction price differentials observed among funding type combinations; accounting for potential sample selection and spatial biases yields a better approximation of price differentials between group combinations. Consistent with expectations we detect, and correct...

We compare hedonic price models estimated with spatial statistics in order to examine the impacts of four different types of neighborhood spatial association: age, education, income and racial clustering. Using Getis and Ord’s (1995) Z(Gi*) as an indicator of spatial clustering, we estimate...

We examine the impacts of different open space amenities on sales prices of developed and undeveloped land in two time periods ten years apart in a rapidly urbanizing county in central Ohio. Buffers within 0.25 and 0.5 miles are created that include percentages of agricultural, residential, park...

The purpose of this paper is to determine the impact of real estate agents on the price of houses that are located close to an environmental disamenity using Rosen's (1974) hedonic price model. Our main hypothesis is that real estate agents obtain higher prices than those theoretically expected...

We extend the literature on house price cash differentials in important ways. First, our paper is the first to employ methods to correct for sample selection bias, using both switching regression and propensity score matching of cash vs. non-cash transactions. We use selection models to produce...

The purpose of this paper is to determine the impact of real estate agents on the price of houses that are located close to an environmental disamenity. Our main hypothesis is that real estate agents obtain higher prices than those theoretically expected when the houses are located closer to an...

We explore the determinants and value implications of publicly traded real estate companies converting to real estate investment trusts (REITs), which we term REITing, and publicly-traded REITs giving up their REIT status, termed de-REITing. Non-REIT real estate firms that pay relatively high...