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Bank efficiency, risk-based capital, and real estate exposure: the credit crunch revisited.
March 22, 1999... Introduction
During the period 1990-1993 there was a pronounced shift in bank assets away from real estate lending. The reallocation was so significant that the real estate literature has characterized the period as a "real estate credit...
The performance of commercial mortgages.
March 22, 1999... Introduction
As of July 1997, commercial mortgage debt outstanding reached approximately $1 trillion. By way of comparison, outstanding municipal and corporate debt stood at approximately $800 million and $1.3 trillion, respectively.(1)...
Risk and return within the single-family housing market.
March 22, 1999... The largest single investment for most American families is the house in which they live - and that house is often the major part of the family's wealth portfolio. Accordingly, most homeowners consider the property's investment potential or the...
Revisions in repeat-sales price indexes: here today, gone tomorrow?
March 22, 1999... Introduction
Almost all of the residential price indexes commercially available nationwide are produced using the repeat-sales method. For example, repeat-sales indexes may be purchased from Case Shiller Weiss, Inc.; Mortgage Risk...
Community reinvestment and credit risk: evidence from an affordable-home-loan program.
March 22, 1999... Recent years have witnessed broad national initiatives and targeted local programs aimed at increasing the supply of mortgage credit to low- and moderate-income households and residents of lower-income neighborhoods, particularly in central...
The effect of residential crowding on labor productivity with evidence from the twilight of Polish socialism.
March 22, 1999... Low per capita housing stock is a common problem in many economies, having arisen due to either government policies or short-run constraints. For example, low per capita housing has been induced by rent control in parts of California, by the...
A normalized citation analysis of real estate journals.
March 22, 1999... As stated by Zivney and Reichenstein (1994) in their Financial Practice and Education article, the ranking of journals is worthwhile because authors are interested in outlets for their work, editors want information about their selection...