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Journal Article
Making money in the housing market: is there a sure-fire scheme?

Business Review , Issue Mar , Pages 19-31

Journal Article
Gimme shelter! rents have risen, not fallen, since World War II

Two recent studies have concluded that for roughly four decades the measure of inflation for rents in the U.S. consumer price index was substantially underestimated. Why should this mismeasurement be of concern? In ?Gimme Shelter! Rents Have Risen, Not Fallen, Since World War II,? Len Nakamura explains that rents are important in measuring the price of housing services for homeowners as well as renters. They are also the main standard against which market participants and others weigh the reasonableness of house prices. In addition, such mismeasurement affected the estimated rate of overall ...
Business Review , Issue Q2 , Pages 25-33

Journal Article
The suburban housing market: the effects of city and suburban job growth

How does the location of new jobs in a metropolitan area affect the suburban housing market? Does it matter whether job growth occurs in the city or in the suburbs? And who, if anyone, benefits from job growth? Dick Voith takes a look at housing prices and construction rates in some Philadelphia suburbs to determine the impact of employment growth on the value of real estate assets.
Business Review , Issue Nov , Pages 13-25

Journal Article
Taxes, homeownership, and the allocation of residential real estate risks

Home equity is the predominant form of savings for most Americans because it helps them save on taxes. However, homeownership also determines how the risks of fluctuations in the value of residential real estate are borne. In this article, Satyajit Chatterjee looks at how the tax benefit of homeownership has moved households toward undiversified investments in risky residential real estate by making it costly for them to rent their homes. He also points out the often overlooked risk-allocation consequences of proposed changes in the U.S. tax code.
Business Review , Issue Sep , Pages 3-10

Journal Article
The condominium trend: response to inflation

Business Review , Issue Mar/Apr , Pages 3-12

Journal Article
House prices and the quality of public schools: what are we buying?

Do house prices reflect the quality of the local public schools? To what extent do school district policies determine how well students perform? How do such factors as neighborhood, family, and peers affect school quality and house prices? Ted Crone examines these questions, and others, to determine whether house prices do, indeed, include a school premium.
Business Review , Issue Sep , Pages 3-14

Journal Article
Housing decay: cause or symptom of urban decline?

Business Review , Issue Mar , Pages 13-21

Journal Article
Understanding national and regional housing trends

Business Review , Issue Sep , Pages 15-23

Journal Article
How much is that home really worth? Appraisal bias and house-price uncertainty

With house prices often below the face value of mortgages these days, the expected return on many mortgages has tumbled, since one of the major forces supporting mortgages, the collateral, has weakened. One source of these mortgage problems has been the validity of the home appraisal, which is supposed to be an objective and expert dollar valuation of the house that should help make a mortgage less risky. Unfortunately, the appraisal process can go awry and often has. As Leonard Nakamura shows in this article, appraisals have been biased upward, making mortgages riskier. Now a reverse risk is ...
Business Review , Issue Q1 , Pages 11-22

Journal Article
Housing costs after tax reform

Business Review , Issue Mar , Pages 3-12



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anonymous 16 items

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