Fisher Center for Real Estate and Urban Economics PROGRAM
نویسندگان
چکیده
These papers are preliminary in nature: their purpose is to stimulate discussion and comment. Therefore, they are not to be cited or quoted in any publication without the express permission of the author.
منابع مشابه
Institute of Business and Economic Research Fisher Center for Real Estate and Urban Economics PROGRAM
These papers are preliminary in nature: their purpose is to stimulate discussion and comment. Therefore, they are not to be cited or quoted in any publication without the express permission of the author.
متن کاملRiskiness of Real Estate Development: A Perspective from Urban Economics & Option Value Theory∗
Conventionally, investment in real estate development is viewed as being riskier than investment in stabilized property assets. In this paper we define a new construct for urban economic analysis which puts this conventional wisdom in a new light. We call the new construct, the Development Asset Value Index (DAVI). The DAVI is a value index for newly-developed properties (only) in a geographica...
متن کاملThe BuildZoom & Urban Economics Lab Index Technical Document
The BuildZoom & Urban Economics Lab index is a joint endeavor of BuildZoom and the Urban Economics Laboratory of the MIT Center for Real Estate. The set of indices leverages BuildZoom’s repository of building permit data to track residential permitting activity, and was developed jointly with Professor Albert Saiz of the Center for Real Estate at MIT. Separate indices track permitting for const...
متن کاملNber Working Paper Series Real Estate Bubbles and Urban Development
Why are real estate bubbles so common? Can these bubbles actually do some good? Real estate booms have regularly occurred throughout the world leaving painful busts and financial crises in their wake. This paper suggests that real estate is a natural investment for more passive debt investors, including banks, because real estate’s flexibility makes it better collateral than specifically built ...
متن کاملAnatomy of an ARM: The Interest Rate Risk of Adjustable Rate Mortgages
This article analyzes the dynamics of the commonly used indices for Adjustable Rate Mortgages, and systematically compares the effects of their time series properties on the interest rate sensitivity of adjustable rate mortgages. Our ARM valuation methodology allows us simultaneously to capture the effects of index dynamics, discrete coupon adjustment, mortgage prepayment, and both lifetime and...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2010