A theoretical model of commercial property valuation is developed where individual property owners are price takers with respect to the spot lease price, new tenants randomly arrive to lease space, and existing tenants may choose to vacate space. The timing of tenant arrivals and departures is...

"In the presence of increasing demand for single-family housing in suburban areas, many local jurisdictions have implemented land use strategies in order to curb the growth rate in new development. Such ""slow-growth"" strategies are aimed ostensibly at limiting development patterns referred to...

[abstract missing - contribution appeared in the programme]

With significant declines in home prices since 2007, many U.S. households have found the balance of their mortgage exceeding the value of their property. These underwater homes leave owners with the dilemma of continuing to pay on their note or relinquishing their property either through...

This paper extends the existing literature on managing house price risk. While previous work finds that a hedger would have reduced a large amount of variance in housing returns in Las Vegas, Nevada using a static in-sample strategy in Chicago Mercantile Exchange (CME) futures contracts, we show...