The purpose of this study is to examine the influence of the announcement of a new airport hub on housing prices near the airport. While numerous studies of airport noise have found that high noise levels reduce property values, few have been able to measure the announcement effect on values....

This study develops and estimates a model of real estate agent demand and supply. The estimates of the model show that the licensing examination pass rate and the educational requirements set by state licensing boards affect the numbers and incomes of real estate agents. The study further shows...

This study constructs a nonresidential, constant-quality price index, based on the assessed-value approach, and adjusts for the possibility for sample selection bias. The sample consists of a large sample of commercial and office properties located in Charlotte, N.C. during 1981-1994....

Previous research has reported that the real estate market for retail space is slow to adjust, however, comparatively little research has investigated the supply of retail space for individual metropolitan markets. This study presents our findings by metropolitan statistical area (MSA) of the...

The use of an auction to sell residential real estate in the United States is often associated with distressed sales such as foreclosure, bankruptcy or estate settlement. In other areas of the world, auctions are more commonly used and viewed as a viable, preferred method of selling a house....

This study explores the determinants of earnings of salespersons in financial services using nationwide data from the 1990 Census. The study reveals that security and insurance salespersons earn substantially more than do persons in real estate sales. The returns to K-12 schooling are highest in...

Most studies of housing market liquidity have measured liquidity in terms of time on the market (TOM), and have sought to explain TOM in terms of property characteristics and measures of market conditions. This paper departs from past studies of housing market liquidity by examining the spread...

Sellers of unsold residential real estate usually have difficulty deciding whether to change the listing price and, if so, by how much. The purpose of this study is to determine what factors lead to listing price changes and the effect of listing price changes on the net selling price received...

In some states properties are subject to a statutory right of redemption, which allows the previous homeowner and other parties to "redeem" the property for some designated period of time after the date of foreclosure. The statutory right of redemption exposes purchasers to the risk that they...