This paper explores the property prices and investment dynamics over the business cycle when there is competition between households and firms for real estate. We introduce a construction sector into an RBC framework, which uses land, capital and labour to produce both commercial and residential...

The aim of this paper is to distinguish a number of factors that allow for a better understanding of investment process management in the housing construction industry. The research work that we performed consisted in conducting a questionnaire survey. A total of 192 Polish companies dealing...

This paper analyses the behaviour of prices and supply on the German housing market taking into account the interaction between prices and quantities. A novel price index for residential property prices covering the whole country going back to 1993 is used in a macroeconomic model to estimate...

"This book prepares readers to understand the risks and rewards associated with financing and investing both residential and commercial real estate. Concepts and techniques included in the chapters and problem sets are used in many careers related to real estate. These include investing,...

The extant literature regarding the effects of housing on stock investment shows inconsistent findings, either positive or negative effects have been reported. This paper investigates the mechanisms by which housing affects household stock investment through a structure equation model (SEM)....

The real estate market is highly intermediated, with 90% of buyers and sellers hiring an agent to help them transact a house. However, low barriers to entry and fixed commission rates result in a market where inexperienced intermediaries have a large market share, especially following house...

"By 2016 global real estate markets have generally recovered as real estate asset prices have increased beyond pre-crisis levels. Whereas debt and equity capital was scarce at the time we wrote the first edition, capital is now abundant. In addition, many institutions who had completely exited...

"The book covers everything anyone would need to know about commercial real estate--approximately 400 entries. The concepts are organized into 6 key categories: Commercial Property Types, Cash Flow and Valuation, Buying Selling and Investing, Construction and Rehab, Tenants and Management,...

"Real Estate Crowdfunding: An Insider's Guide to Investing Online introduces the reader to basic real estate investment concepts, and then takes a deep dive into how to invest passively yet wisely in real estate syndications. This book is a guide to the foundational financial concepts upon which...

What explains the rapidly increasing housing investment demand in China? To address this question, we develop an analytical framework featuring how expected capital gains impact households' housing investment decisions when subject to financial constraints. Housing demand in China takes place...

From employee to investor -- Using public records to find home run deals -- Using hand-delivered letters to get deals -- Using yard signs to find motivated sellers -- Finding where all the real investors hang out (it's not at real estate investing clubs!) -- Using property management companies...

"Practical Finance for Property Investment provides readers with an introduction to the most fundamental concepts, principles, analytical methods and tools useful for making investing and financing decisions regarding income-producing property. The book begins by considering how to value...

We investigate the returns to individuals who invested in residential real estate over 1999 – 2015. Using purchase and sales prices, we measure returns on properties that were both bought and sold by an investor by annualizing the property's price appreciation. We find that investors...

This paper provides the first systematic empirical assessment of the pace at which housing investment has responded to rising demand from urbanization. The assessment used National Accounts Statistics to build a data set of residential housing investment for more than 90 countries. The data set...

What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as measured by loan-to-value (LTV) ratios? In a structural VAR, GDP and business investment increase following an expansionary LTV shock. Residential investment, by contrast, falls, a...

Housing markets of large cities around the world, particularly in so-called developing and emerging countries, are currently experiencing a clash: On the one hand, large numbers of labour migrants arrive from rural areas and need cheap rental housing. On the other hand, international real estate...

We use multivariate unobserved components models to estimate trend and cyclical components in GDP, credit volumes and house prices for the U.S. and the five largest European economies. With the exception of Germany, we find large and long cycles in credit and house prices, which are highly...

Migration policies need to consider how immigration affects investment behavior and productivity, and how these effects vary with the type of migration. College-educated immigrants may do more to stimulate foreign direct investment and research and development than low-skilled immigrants, and...

Intro -- Tips, Tricks, Foreclosures, &amp -- Flips of a Millionaire Real Estate Investor -- Contents -- From Employee to Investor -- 1 Using Public Records to Find Home Run Deals -- 2 Using Hand-Delivered Letters to Get Deals -- 3 Using Yard Signs to Find Motivated Sellers -- 4 Finding Where All...

Using a panel of U.S. city-level building permits data, we estimate a Markov-switching model of housing cycles that allows for idiosyncratic departures from a national housing cycle. These departures occur for clusters of cities that experience simultaneous housing contractions. We find that...

Information technology has already transformed some areas of our lives, and has the prospect for transforming other sectors. This paper is about economic behaviors that anticipate technical progress, and how they may describe the housing price and construction boom of 2000-2006 and the bust...

Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal interest rates and demographic factors. In this paper we estimate a New Keynesian model of a currency area, using data for Spain and the rest of the EMU to study the importance of...