June 24, 2002 <p> Analysis of twenty large metropolitan areas shows that the spatial distribution of purchases made by Fannie Mae and Freddie Mac in support of the Low and Moderate- Income Housing Goal does not match the spatial distribution of low- and moderate-income households that apply for or...</p>

This paper examines economic indicators to show how the role of the real estate industry in the economy has evolved over time. This examination spans the early 1980s through 1999. Our key conclusion includes the followings. In terms of economic flows real estate is as important a part of the...

Using a newly developed additive semiparametric model, this paper investigates how the implicitly-subsided affordable housing credit in the secondary mortgage market is distributed over lower income homebuyers. GSE and HMDA data for the 20 largest MSAs are used. The partial-linear (PLR)...

This paper presents results of econometric analyses on regional income disparity and industrial agglomeration in China. Using national time-series data and provincial panel data, cross-correlation analysis and fixed effect regressions are performed. In China, the increasing provincial income...

We estimate there are from $10.4-$13.3 billion in annual brokerage commissions on office and industrial properties. Our estimate is based on an underlying imputation of office and industrial sector size that relies on new data that constitutes a census of properties in major markets. This is...

The rise of new information technology is likely to bring about three broad changes to the commercial brokerage industry. The first, which already is occurring, is the development of specialist firms that perform only a part of the brokerage process such as the research or listings function. We...