We study whether tax considerations are an important determinant of commercial mortgage default. We also study whether large lenders are better informed, or better at interpreting information for lending purposes, and hence have lower foreclosure rates; whether lenders have more information on...

This paper tests the dynamics implied by a supplied-constrained view of the relationship between market fundamentals and house prices in the case of Seoul's housing market. The view is that supply constraints have led to serious shortages in certain submarkets, and that these shortages have led...

We study whether tax considerations are an important determinant of commercial mortgage default. We also study whether large lenders are better informed, or better at interpreting information for lending purposes, and hence have lower foreclosure rates; whether lenders have more information on...

Fisher, Geltner, and Webb (1993), in a highly influential paper, develop a procedure to recover the underyling market values from a smoothed valuation-based commercial property return index, without assuming that the underlying property market is informationally efficient. Many papers since then...

This paper is a study of the dynamic relationship between residential land values and house prices. Little agreement exists regarding the direction of causality between house prices and residential land values. One could argue that causality is unidirectional, running from house prices to...