We assess the role of state-level renter protection regulations on pricing, performance and risk multifamily housing. construct a score (RPS) to measure extent in each state. Using proprietary property-level dataset from loans backed by commercial mortgage securities (CMBS) census tract socioeconomic variables, we study RPS initial capitalization (cap) rates, annual net operating income (NOI) l...

iranian banks can not freely determine their interest rates in the financial market. this characteristic causes banking industry unable to perform their duties of financial intermediaries in the transmission mechanism of monetary. in these circumstances, monetary shocks will have a significant and high effect on the alternative markets (like stocks and housing). in this study, we used dynamic s...

Abstract We exploit a U.K. government-sponsored product and provide evidence on shared equity mortgages. The analysis shows how the interaction of house price growth leverage regulation promotes adoption. Following an increase in limit, households use additional financing to buy more expensive properties rather than reduce leverage. Equity used as complement debt is likely less beneficial for f...

Homeowners can be viewed as the put option holders who sell housing to lenders when price is lower than its mortgage value and houses rises above a certain threshold. On basis of theory investment under uncertainty, we model from perspective houseowners choose either live in their or switch for comfort improvement appreciation. We decompose into consumption values by exploring parameters affect...