Currently Browsing: The Journal of Real Estate Finance and Economics 2008

Your Career According to Your Zodiac – Career Horoscope 2010

In today’s cosmos, having a successful vocation has become increasingly crucial. Now, everyone is interested in having a high profile career and their career development. Many times, it has been hard to choose a powerful career. Career astrology is the channelizing force to clear the confusion in deciding the correct path and stand out. A learned astrologist can draw a career horoscope on grounds of your birth information. Subsequently a deep analysis of this career horoscope, the astrologers can provide job forecasting and remedies to get rid of the ill touches on your career caused by...
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Modelling Foreign Real Estate Investment: The Spanish Case

Carlos Rodríguez and Ricardo Bustillo Online First™, 4 December 2008 Abstract Foreign real estate investment in Spain has grown considerably during the last decade, representing around 40% of total foreign direct investment inflows. This trend has exerted an important macroeconomic effect maintaining a long lasting housing bubble and contributing significantly to finance the rising current account deficit. Foreign real estate investment in Spain is mostly of a housing acquisition type and therefore the analysis of its determinants requires a specific approach. In this...
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Predicting Downturns in the US Housing Market: A Bayesian Approach

Rangan Gupta and Sonali Das Online First™, 18 November 2008 Abstract This paper estimates Bayesian Vector Autoregressive (BVAR) models, both spatial and non-spatial (univariate and multivariate), for the twenty largest states of the US economy, using quarterly data over the period 1976:Q1–1994:Q4; and then forecasts one-to-four quarters-ahead real house price growth over the out-of-sample horizon of 1995:Q1–2006:Q4. The forecasts are evaluated by comparing them with those from an unrestricted classical Vector Autoregressive (VAR) model and the corresponding...
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Omitted Mobility Characteristics and Property Market Dynamics: Application to Mortgage Termination

Xudong An, John M. Clapp and Yongheng Deng Online First™, 8 October 2008 Abstract Property market dynamics depend on changes in long run equilibrium and on impediments to adjustment towards equilibrium. Mortgage termination due to mobility, default and refinancing provides a lens for evaluating property market adjustments. The borrower’s decision to move as an adjustment mechanism in the property market is associated with utility-maximizing decisions to either prepay or default on the mortgage. The optimal choice between these two termination events may depend on...
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