Growing numbers of affordable housing advocates and community members are
questioning the premise that increasing the supply of market-rate housing will result in …

This article reviews research on the economics of information in real estate. It covers equity
investment in private and public markets and intermediation by brokers. The review shows …

Many cities have attracted a flurry of out‐of‐town (OOT) home buyers. Such capital inflows
affect house prices, rents, construction, labor income, wealth, and ultimately welfare. We …

In the market for non-fungible tokens (NFTs) on the blockchain, experienced investors
systematically outperform inexperienced investors. Controlling for holding period …

This paper analyzes a unique micro-dataset capturing the ownership of about 800,000
properties in Dubai. We use this dataset to document patterns in cross-border real estate …

Finance for Normal People teaches behavioral finance to people like you and me-normal
people, neither rational nor irrational. We are consumers, savers, investors, and managers …

In response to worsening housing affordability resulting from rapid housing price
appreciation, some governments have introduced taxes or restrictions to reduce demand for …

Behavioral finance presented in this book is the second-generation of behavioral finance.
The first generation, starting in the early 1980s, largely accepted standard finance's notion of …

Real and private-value assets—defined here as the sum of real estate, infrastructure,
collectibles, and noncorporate business equity—compose an investment class worth an …

This paper provides evidence of the growing importance of real estate assets in offshore
portfolios. We study the implementation of the first multilateral automatic exchange of …