This paper presents a dynamic model of residential real estate valuation that takes into account the uncertain time paths of rents and prices and the substantial transaction costs. By temporarily postponing decisions, buyers and sellers obtain additional information about future rents and prices and may avoid transactions that are costly to reverse. One implication is that the combination of su...

This study applies a new approach in identifying the best Machine Learning model to predict office rent and determining most significant factors influencing rental values. The Auto Model uses three (3) distinct types of algorithms, namely Decision Tree, Random Forest, Support Vector Machine. highlights that Tree outperformed Forest for better prediction. results statistical analysis using sugge...

We investigate the relationship between real estate markets and bank distress among German universal and specialized mortgage banks between 1995 and 2004. Higher house prices increase the value of collateral, which reduces the probability of bank distress (PDs). But higher prices at given rents may also indicate excessive expectations regarding the present value of real estate assets, which can...

The economics of decarbonization have become an important topic over the last decade, as many research groups have explored the costs and technologies of decarbonization. These scenarios have been widely used by institutions like the Intergovernmental Panel on Climate Change (IPCC) and many national advisory bodies across the globe. However, most of these scenarios and cost estimates have been ...

Housing costs, including rent, have become a significant economic burden for millions of floating population families in urban China, affecting their living standards and influencing migration decision-making. Using data from the China Migrants Dynamic Survey (CMDS) 2012 2017, this study analyzes spatial patterns family income, rent-to-income ratio among different regions, cities, groups. Resul...

pay rent twice a year on the land under their houses. If they fall behind on the payments, the ground rent holders can sue to seize the houses — and have done so nearly 4,000 times in the past six years, sometimes over back rent as little as $24, The Sun found. More than half of the ground rent suits filed in the past six years were brought by entities associated with four groups of individuals...

In the name ofGod Amen I John Webster of Cliderow in the County of Lancaster Physician knowing the certainty that it is appointed for all men ones [sic] to dye & that the houre of death is uncertain being something crazy of body but of right understanding perfect judgment & sound memory doe make this my last Will & Testament thereby revoking & disanulling all other Wills & Testaments by me made...

We provide explicit solutions to life-cycle utility maximization problems involving dynamic decisions on investments in stocks and bonds, consumption of perishable goods, and the rental and the ownership of residential real estate. House prices, stock prices, interest rates, and the labor income of the decision-maker follow correlated stochastic processes. The explicit consumption and investmen...

*The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. or most homeowners, housing is the single most important component of their nonpension wealth. Therefore, a change in house prices greatly affects the total wealth of many households. Furthermore, movements in house prices can af...