The consumption function for the U.S. economy is estimated with real estate and financial wealth for quarterly data for 1952:1--2001:4. An additional dollar of real estate wealth increases consumption by 8 cents in the current year, as compared with only 2 cents for financial wealth. The results...

This study combines historical and quantitative methods to determine the market response to a major nineteenth century American urban architectural form-the speculatively built row house. The paper estimates a hedonic price index which decomposes the ...

Most studies evaluating the effect on housing prices of regulatory programs for controlling urban growth use econometric methods (hedonic price models) without considering the research-design aspects of the task. This article examines the strengths and ...

The major purpose of this article is to estimate the potential earnings of black men supposing that they were to work full time, full year-that is, at their earnings capacity-at two widely separated points in time. The effect of changes in earnings ...

This paper formulates and tests a model of rent change based on the natural vacancy rate hypothesis. It incorporates the Haurin [6] hypothesis in which the natural rate for particular units is determined by their atypicality. Estimates of the model indicate a natural rate of 6.5%. However, the...

A number of facets of real estate brokerage have been examined over time in theoretical and empirical articles appearing in the literature. This article summarizes brokerage research and suggests avenues for future inquiry. In attempting to organize brokerage research, the research is classified...

This paper develops a model to explain the commission split among cooperating real estate brokers operating within a multiple listing service where individual agencies are free to negotiate. The paper provides theoretical and empirical evidence that suggests that the amount of the total...

This study employs ordered probit to estimate a model of buyer satisfaction with real estate brokerage services. The model provides evidence that: (1) satisfaction falls with length of search; (2) satisfaction is lower for married homebuyers; (3) satisfaction falls when the buyer experiences...

This paper examines major themes in apartment market research. The intent is to provide an overview of academic studies of the apartment market and to outline directions for future research.

This paper develops and estimates a cross-sectional model of the commercial office market in which the building vacancy rate is a key factor in the determination of rents. Individual buildings in Greensboro, North Carolina are used as the unit of analysis and simultaneous equation procedures are...