Results 211 to 220 of about 544,221 (338)

Do as essay, not as I do? How inflated list prices of unsold essayer homes affect the price discovery process

open access: yesReal Estate Economics, EarlyView.
Abstract In the United States real estate market, around 30% of listed properties remain unsold. Moreover, these unsold properties are typically listed far above fair market value (8.1%). We examine the extent to which overpriced property listings exert externalities on list and sale prices in the residential housing market.
Michael J. Seiler, Ralph B. Siebert
wiley   +1 more source

Dutch dilemma: Housing prices and flood risk exposure

open access: yesReal Estate Economics, EarlyView.
Abstract This article studies the impact of flood risk exposure on housing prices in a major river delta. Analyzing 1.8 million property transactions from 1998 to 2023 in the Netherlands, we find an average price discount of 1.1%. We observe considerable heterogeneity in price effects driven by exposure intensity, institutional settings that vary ...
Piet Eichholtz   +2 more
wiley   +1 more source

Explainable spatial machine learning for hedonic real estate modeling

open access: yesReal Estate Economics, EarlyView.
Abstract Accurately modeling rents and prices is a key challenge in real estate analysis. Traditional linear models may fail to capture complex non‐linear relationships, and spatial dependencies are often ignored in existing machine‐learning approaches.
Tim Gyger   +5 more
wiley   +1 more source

Hurricane‐induced risk contagion in commercial real estate: Evidence from Hurricane Sandy

open access: yesReal Estate Economics, EarlyView.
Abstract This study examines how hurricane‐induced destruction affects the prices of nearby undamaged commercial real estate properties, using Hurricane Sandy as a natural experiment. Using Real Capital Analytics transaction records spatially merged with Federal Emergency Management Agency building‐level damage data, we empirically employ a difference ...
Lu Fang   +3 more
wiley   +1 more source

How much are you willing to pay to avoid lockdowns? Evidence from the real estate market

open access: yesReal Estate Economics, EarlyView.
Abstract In response to the COVID‐19 pandemic, numerous countries implemented lockdowns. In Victoria, Australia, a unique two‐tier system was employed, segregating areas with a Ring of Steel boundary and imposing additional restrictions within. This study focuses on the impact of lockdowns on housing prices and rents, exploring whether people are ...
Jian Liang, Chyi Lin Lee, Qiang Li
wiley   +1 more source

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