ICF REAL ESTATE RESEARCH INITIATIVE
The Yale ICF Real Estate Research Initiative is a program that actively investigates residential
real estate as an asset class and the range of issues related to their management. The current research
agenda includes:
- Home Equity Protection: See the Home Equity Protection Project.
- Property Valuation: Housing valuation, housing return, location analysis.
- Risk Analysis: Bootstrapping and simulation analysis, agency issues.
- Securitization: Real estate portfolios, investment trusts.
Participating scholars at Yale include:
Selected Papers by HEP Program Participants:
Risks and Incentives in Underserved Mortgage Markets
Brent W. Ambrose and William N. Goetzmann
Global Real Estate Markets - Cycles and Fundamentals
Bradford Case, William N. Goetzmann, and K. Geert Rouwenhorst
Default Risk and Real Estate Prices: The Use of Index- Based Futures and Options in Real Estate
Journal of Housing Research, Vol. 7 No. 2, 1996
Karl E. Case and Robert J. Shiller
The Behavior of Home Buyers in Boom and Post-Boom Markets
New England Economic Review (November/December, 1988)
Karl E. Case and Robert J. Shiller
A Decade of Boom and Bust in Single Family Home Prices: Boston and Los Angeles, 1983-1993
Revue D'Economie Financiere December 1993, reprinted in New England Economic Review March/April 1994
Karl E. Case and Robert J. Shiller
Forecasting Prices and Excess Returns in the Housing Market
AREUEA Journal (1990) 18(3)
Karl E. Case and Robert J. Shiller
The Efficiency of the Market for Single Family Homes
American Economic Review (March 1989), 79(1)
Karl E. Case and Robert J. Shiller
Prices of Single-Family Homes Since 1970: New Indexes for Four Cities
New England Economic Review (September/October 1987)
Karl E. Case and Robert J. Shiller
Comparing Wealth Effects: The Stock Market Versus the Housing Market
Journal of Housing Research, Vol. 7 No. 2, 1996
Karl E. Case, Robert J. Shiller, and John M. Quigley
Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate
Karl E. Case, Robert J. Shiller, and Allan N. Weiss
Home Equity Insurance: A Pilot Project
William N. Goetzmann, Andrew Caplin, Eric Hangen, Barry Nalebuff, Elisabeth Prentice, John Rodkin, Matthew I. Spiegel, and Tom Skinner
A Spatial Model of Housing Returns and Neighborhood Substitutability
Journal OF Real Estate Finance and Economics, Vol. 14, Issue 1
William N. Goetzmann and Matthew I. Spiegel
Do Cities and Suburbs Cluster?
Cityscape, Vol. 3, No. 3, 1998
William N. Goetzmann, Matthew I. Spiegel, and Susan M. Wachter
Suburbs and Cities
William N. Goetzmann, Matthew I. Spiegel, and Susan M. Wachter
City: Urbanism and Its End
Yale University Press, 2003
Douglas Rae
Moral Hazard and Home Equity Conversion
Real Estate Economics, Vol. 28, No. 1, 2000
Robert J. Shiller and Allan N. Weiss
Evaluating Real Estate Valuation Systems
Journal of Real Estate Finance And Economics, Vol. 18, No. 2
Robert J. Shiller and Allan N. Weiss
Home Equity Insurance
Journal of Real Estate Finance and Economics, 19:1, 21-47, 1999
Robert J. Shiller and Allan N. Weiss
Housing Return And Construction Cycles
Real Estate Economics, Fall 1995
Matthew I. Spiegel
Data Resources for ICF Fellows:
Karl Case and Robert Shiller have collected data sets on prices of houses. The dataset provides a sample of homes that sold twice between
1970 and 1986 in each of four cities: Atlanta,
Chicago, Dallas,
and Oakland. It includes the first sale price, second sale price,
first sale date, and second sale date. This dataset is somewhat outdated, and of interest only to researchers.
Related Links:
|
