This paper is a review of contemporary African housing markets, particularly the consequences of current housing policies. Overall, we conclude that the resource allocation which results from the current housing policies are quite contrary to their intended objectives. Many of the policies are...

This paper confirms and extends prior results regarding tilting of institutional investment in common stock toward quality. The evidence presented here suggests that, while both Real Estate Investment Trusts and institutional investors tilt their real estate holdings toward quality, the tilt is...

We empirically examine the effect of appraisal quality on subsequent mortgage loan performance using data from the high volatility housing market of Alaska in the 1980s. We develop measures of appraisal quality by computing the residual between a hedonic estimate of house value using available...

An empirical analysis of rent control in Kumasi, Ghana, is presented based upon a consumer demand model for housing. Controlled rent-to-income ratios are exceptionally low for a developing country. Moreover, the Asante housing market exhibits unusual cultural attributes and problems in...

Housing quality has improved dramatically for most low-income households, but they are paying much larger shares of their income for it. Many discussions of the bottom of the market focus on either the rising costs (the 'bad' news) or the rising quality (the 'good' news). Both points of view...

The existence of segregated housing has sparked interest in the question of whether blacks pay more for housing. That racial segregation exists is not in doubt. The effect of segregation on housing prices in black versus white submarkets is less clear. The empirical evidence is not conclusive....