This paper demonstrates that inflation rates are significantly modified when they are based on an alternative quality-adjusted measure of housing rents constructed from a monthly statistic of landlord net rental income. During the Great Recession, the official rate was overestimated by 1.7 to...

Analyzing a large dataset of urban non-slum households, we find that homeownership tenure choice in India is significantly associated with gender, religion and caste.In particular, large households or those headed by women or with larger number of women are significantly more inclined towards...

Homeownership, though it brings both private and social benefits, entails substantial fixed costs. Indeed, standard personal financial advice suggests that homeownership should only be undertaken when one's job situation is stable and job movement is not likely in the near future. Very little...

We use state-level differences in the legal relationship between landlords and tenants to estimate the impact of these differences on housing markets. We construct a search-theoretic model of landlord and tenant search and matching, which predicts that an increase in the cost of eviction reduces...

In mortgage debt contracts, real property serves as collateral and the terms of mortgage financing are largely conditional on the certification of collateral value by appraisers. However, overstatement of collateral value is common in the appraisal industry, causing troubles in the mortgage...

We simulate the effects of unseasonable increases in temperature and precipitation on housing starts and completions in each of the four Census regions. Using an over identified vector autoregression model the dynamics of housing starts and completions are estimated. The persistence of housing...

Studies of real estate markets have long been hamstrung by the lack of reliable information on the flow price of housing. In contrast to the voluminous information on constant-quality real estate sale prices (from e.g. the Federal Housing Finance Administration) comparable quarterly indexes for...

Part of the debate over the control of drug activity in cities is concerned with the effectiveness of implementing demand- versus supply-side drug policies. This paper is motivated by the relative lack of research providing formal economic underpinning for the implementation of either policy. We...

This book explores how energy efficiency is a major component in the development of sustainable real estate. Efficiency is one of the most frequently-mentioned aspects of government policies for green building design in the United States and around the world. There has been a significant amount...