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Journal Article
The economics of eminent domain
Journal Article
Commercial real estate and low interest rates
Commercial real estate construction faltered during the 2007 recession and has improved only slowly during the recovery. However, low interest rates have led to higher property valuations and are clearly benefiting the sector. The recovery of commercial property prices has been notable. Some measures suggest that, in some segments of the market, prices are close to their pre-recession highs. Valuation measures do not suggest that current prices are excessive.
Journal Article
Why is output growth so slow?
The excess supply of commercial and residential real estate might explain why the historically low nominal and real interest rates have had relatively little effect on stimulating investment.
Journal Article
Commercial real estate: a drag for some banks but maybe not for U.S. economy
Community banks seem to have the most to fear about the state of commercial real estate today. The problems with these loans, however, shouldn't derail the entire economy.
Journal Article
The farm real estate market
Journal Article
Construction activity and mortgage credit
Journal Article
Real estate markets in 1952
Report
Implications of the financial crisis for potential growth: past, present, and future
The scale of the recent collapse in asset values and the magnitude of the recession suggest that activities connected to the increase in values over the 2002-07 period--notably, expansion of the financial markets, homebuilding, and real estate--were overstated. If this is true, aggregate U.S. economic growth would have been overstated, implying that previous rates of potential gross domestic product (GDP) growth may also have been overstated and that the trajectory of potential GDP may be slower going forward. Slowing growth in the finance, homebuilding, and real estate sectors could hold ...