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Derisking Real Estate in China's Hybrid Economy

Xiong, Wei - National Bureau of Economic Research - 2023

This article examines the risks faced by China's real estate sector within its distinct hybrid economy, which combines … gives the government a strong commitment and the ability to delay a real estate crisis. However, China's real estate risk is …

Persistent link: https://www.econbiz.de/10014250136

Rental Adjustment & Valuation of Real Estate in Overbuilt Markets : Fundamental vs. Reported Office Market Values in Sydney Australia

Hendershott, Patric H. - 1994

Real estate markets are periodically plagued by excess supply, rent concessions and few arms-length transactions. During such periods, valuation is problematic. The model presented here requires the forecasts of future vacancy rates, and equilibrium and actual rental rates. Vacancy rate...

Persistent link: https://www.econbiz.de/10012474144

Testing for Price Anomalies in Real Estate Auctions

Ashenfelter, Orley - 1992

This paper reports on the results of an auction sale of 83 condominium apartment units in New Jersey. At the auction every unit was hammered down, but, unknown to the 2,348 registered bidders, 40% of the sales fell through. Prices in the subsequent sale of condominium units in face to face...

Persistent link: https://www.econbiz.de/10012474944

Real Estate and the Tax Reform Act of 1986

Hendershott, Patric H. - 1986

In contrast to the conventional wisdom, real estate activity in the aggregate is not disfavored by the 1986 Tax Act. Within the broad aggregate, however, widely different impacts are to be expected. Regular rental and commercial activity will be slightly disfavored, while historic and old...

Persistent link: https://www.econbiz.de/10012476971

Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?

Wu, Jing - 2013

reason for this stark difference appears to be that some of the most dominant firms in China are state-owned enterprises …

Persistent link: https://www.econbiz.de/10012459899

Status Competition and Housing Prices

Wei, Shang-Jin - 2012

-marital age cohort across China, which likely has triggered variations in the intensity of competition in the marriage market. The … sex ratio accounts for 30-48% of the rise in real urban housing prices in China during 2003-2009 …

Persistent link: https://www.econbiz.de/10012460659

Can Owning a Home Hedge the Risk of Moving?

Sinai, Todd M. - 2009

Conventional wisdom holds that one of the riskiest aspects of owning a house is the uncertainty surrounding its sale price, especially if one moves to another housing market. However, households who sell a house typically buy another house, whose purchase price is also uncertain. We show that...

Persistent link: https://www.econbiz.de/10012463187

China's Real Estate Market

Liu, Chang - 2018

Since the 1990s, China's real estate market has experienced a dramatic and long-lasting boom across China. This boom … into a gigantic housing bubble, which might eventually burst and damage China's financial system and economy. Motivated by … this concern, this paper reviews the historical development of China's real estate market, describes the real estate boom …

Persistent link: https://www.econbiz.de/10012480948

A Real Estate Boom with Chinese Characteristics

Glaeser, Edward - 2016

is far from certain. The demand for real estate in China is so strong that current prices might be sustainable …

Persistent link: https://www.econbiz.de/10012455891

Evaluating the Risk of Chinese Housing Markets : What We Know and What We Need to Know

Wu, Jing - 2015

(4)There are no official data on residential vacancy rates in China, but some researchers have reported very high …

Persistent link: https://www.econbiz.de/10012457322