This article summarizes research on the macroeconomic aspects of the housing market. In
terms of the macroeconomic stylized facts, this article demonstrates that with respect to …

I develop estimates of the value, price and quantity of land owned by each of the major legal
forms of organization in the United States.“Land” stands for all aspects of a developed …

We ask if a standard representative agent model with a home-production sector can resolve
the equity-premium or value-premium puzzles. In the model, agents value market …

People choose where to live and how much to invest in housing. Traditionally, the first
decision has been the domain of spatial economics, while the second has been analyzed in …

Building on recent research linking changes in housing prices to investors' degree of risk
aversion, we posit that there is a negative relation between growth in housing prices and a …

This study proposes the housing “beta” and tests whether the housing “beta” is a significant
determinant for stock returns in a multifactor framework. We hypothesize that the housing …

This study investigates the price structure of urban housing markets comparing the Black–
Scholes model and Merton's jump diffusion model with the expectation–maximization …

This paper aims to achieve two objectives. First, we demonstrate that with respect to
business cycle frequency (Burns and Mitchell, 1946), there was a general decrease in the …

The paper addresses value measurement bases used in professional valuation. We,
specifically, consider semantic and methodological features of equitable/fair value as a sui …

The housing sector is one of the major economic sectors in developing and developed
countries and has the largest share of investment. Housing is one of the most important and …