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The Price-Adjustment Process for Rental Housing and the Natural Vacancy Rate

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Cited by:

  1. I-Chun Tsai, 2021. "Price Rigidity and Vacancy Rates: The Framing Effect on Rental Housing Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 63(4), pages 547-564, November.
  2. Wei Chen & Zaiyan Wei & Karen Xie, 2022. "The Battle for Homes: How Does Home Sharing Disrupt Local Residential Markets?," Management Science, INFORMS, vol. 68(12), pages 8589-8612, December.
  3. Robert Edelstein & Desmond Tsang, 2007. "Dynamic Residential Housing Cycles Analysis," The Journal of Real Estate Finance and Economics, Springer, vol. 35(3), pages 295-313, October.
  4. Muktar Babatunde Wahab & Wasiu Ayobami Durosinmi & Matthew Mamman & Dodo Usman Zakari & Adetoye Sulaiman Adepoju, 2021. "Macroeconomic Dynamics in Real Estate Market amid Covid-19 Pandemic in Abuja, Nigeria," AfRES 2021-002, African Real Estate Society (AfRES).
  5. Roddy Allan & Ervi Liusman & Teddy Lu & Desmond Tsang, 2021. "The COVID-19 Pandemic and Commercial Property Rent Dynamics," JRFM, MDPI, vol. 14(8), pages 1-24, August.
  6. Chang-I Hua, 2017. "A Structural Model of a Housing Market with Friction," International Real Estate Review, Global Social Science Institute, vol. 20(4), pages 397-416.
  7. Kholodilin, Konstantin A & Mense, Andreas & Michelsen, Claus, 2017. "The market value of energy efficiency in buildings and the mode of tenure," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 54(14), pages 3218-3238.
  8. J. Felipe Córdova & Alejandra Cruces & Sergio Díaz, 2023. "Precios y Holgura en el Mercado de Arriendo: Análisis de Avisos Listados," Working Papers Central Bank of Chile 988, Central Bank of Chile.
  9. Gabriel, Stuart A. & Nothaft, Frank E., 2001. "Rental Housing Markets, the Incidence and Duration of Vacancy, and the Natural Vacancy Rate," Journal of Urban Economics, Elsevier, vol. 49(1), pages 121-149, January.
  10. Raven S. Molloy, 2014. "Long-Term Vacancy in the United States," Finance and Economics Discussion Series 2014-73, Board of Governors of the Federal Reserve System (U.S.).
  11. Li-Min Hsueh & Hsi-Peng Tseng & Chang-Chiang Hsieh, 2007. "Relationship Between the Housing Vacancy Rate, Housing Price, and the Moving Rate at the Township Level in Taiwan, in 1990 and 2000," International Real Estate Review, Global Social Science Institute, vol. 10(1), pages 119-150.
  12. Bar-Nathan, Moshe & Beenstock, Michael & Haitovsky, Yoel, 1998. "The market for housing in Israel," Regional Science and Urban Economics, Elsevier, vol. 28(1), pages 21-49, January.
  13. Joseph Gyourko & Richard Voith, 1993. "Leasing as a Lottery: Implications for Rational Building Surges and Increasing Vacancies," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 21(1), pages 83-106, March.
  14. Marius Brülhart & Gian-Paolo Klinke & Andrea Marcucci & Dominic Rohner & Mathias Thoenig, 2023. "Price and Prejudice: Housing Rents Reveal Racial Animus," CESifo Working Paper Series 10369, CESifo.
  15. Honglin Wang & Fan Yu & Yinggang Zhou, 2020. "Property Investment and Rental Rate under Housing Price Uncertainty: A Real Options Approach," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 48(2), pages 633-665, June.
  16. Philippe Thalmann, 2012. "Housing Market Equilibrium (almost) without Vacancies," Urban Studies, Urban Studies Journal Limited, vol. 49(8), pages 1643-1658, June.
  17. John S. Hekman, 1985. "Rental Price Adjustment and Investment in the Office Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(1), pages 32-47, March.
  18. Deng, Yongheng & Gabriel, Stuart A & Nothaft, Frank E, 2003. "Duration of Residence in the Rental Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 26(2-3), pages 267-285, March-May.
  19. Prashant Das & Alan Ziobrowski & N. Coulson, 2015. "Online Information Search, Market Fundamentals and Apartment Real Estate," The Journal of Real Estate Finance and Economics, Springer, vol. 51(4), pages 480-502, November.
  20. Patric H. Hendershott & Bryan D. MacGregor & Raymond Y.C. Tse, 2002. "Estimation of the Rental Adjustment Process," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 30(2), pages 165-183.
  21. Miceli, Thomas J. & Sirmans, C.F., 2013. "Efficiency rents: A new theory of the natural vacancy rate for rental housing," Journal of Housing Economics, Elsevier, vol. 22(1), pages 20-24.
  22. Horn, Keren & Merante, Mark, 2017. "Is home sharing driving up rents? Evidence from Airbnb in Boston," Journal of Housing Economics, Elsevier, vol. 38(C), pages 14-24.
  23. Jonathan McCarthy & Richard Peach, 2004. "Are home prices the next \\"bubble\\"?," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 1-17.
  24. Gandhi, Sahil & Green, Richard K. & Patranabis, Shaonlee, 2022. "Insecure property rights and the housing market: Explaining India’s housing vacancy paradox," Journal of Urban Economics, Elsevier, vol. 131(C).
  25. Lerbs, Oliver & Teske, Markus, 2016. "The house price-vacancy curve," ZEW Discussion Papers 16-082, ZEW - Leibniz Centre for European Economic Research.
  26. Arno J. van der Vlist & Cees Gorter & Piet Rietveld & Peter Nijkamp, 1998. "Vacancies and residential search in an empirical equilibrium search model," ERSA conference papers ersa98p291, European Regional Science Association.
  27. Yavas, Abdullah, 2001. "Resolution of Demand Uncertainty and Competitive Rent Adjustment," Journal of Housing Economics, Elsevier, vol. 10(4), pages 472-481, December.
  28. Christian Almer & Stefan Boes & Stephan Nüesch, 2017. "Adjustments in the housing market after an environmental shock: evidence from a large-scale change in aircraft noise exposure," Oxford Economic Papers, Oxford University Press, vol. 69(4), pages 918-938.
  29. Joseph L. Pagliari, Jr. & James R. Webb, 1996. "On Setting Apartment Rental Rates: A Regression-Based Approach," Journal of Real Estate Research, American Real Estate Society, vol. 12(1), pages 37-62.
  30. Eugenio Figueroa & George Lever, 1992. "Determinantes del Precio de Mercado de los Terrenos en el Área Urbana de Santiago," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 29(86), pages 99-114.
  31. Goeyvaerts, Geert & Buyst, Erik, 2019. "Do market rents reflect user costs?," Journal of Housing Economics, Elsevier, vol. 44(C), pages 112-130.
  32. Carl Chiarella & Peter Flaschel, 2003. "Towards Applied Disequilibrium Growth Theory: V Housing Investment Cycles, Private Debt Accumulation and Deflation," Working Paper Series 97, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
  33. Ernst Rätzer, 1987. "Mieterschutz und Wohnungsmarkt. Die Mietpreisbeschränkung im schweizerischen Missbrauchsbeschluss," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 123(I), pages 23-45, March.
  34. Mark S. Coleman & Ralph Gentile, 2001. "Exploring the Dynamics of Building Supply: A Duration Model of the Development Cycle," Journal of Real Estate Research, American Real Estate Society, vol. 21(1/2), pages 21-42.
  35. Honglin Wang & Chu Zhang & Weihang Dai, 2013. "Rental Adjustment and Housing Prices: Evidence from Hong Kong's Residential Property Market," Working Papers 012013, Hong Kong Institute for Monetary Research.
  36. Vanessa Gapriotti Nadalin, 2014. "Residential Vacancy in City Center: The Case of São Paulo," Discussion Papers 1987a, Instituto de Pesquisa Econômica Aplicada - IPEA.
  37. Honglin Wang & Fan Yu & Yinggang Zhou, 2013. "Rental Rates under Housing Price Uncertainty: A Real Options Approach," Working Papers 242013, Hong Kong Institute for Monetary Research.
  38. Patric H. Hendershott, 1997. "Uses of equilibrium models in real estate research," Journal of Property Research, Taylor & Francis Journals, vol. 14(1), pages 1-13, January.
  39. Albert Solé-Ollé & Elisabet Viladecans-Marsal & José Mª Durán-Cabré & Thomas Davidoff & Mariona Segú, 2018. "Tourism and Gentrification in Global Cities: Could Fiscal Policy be Useful? / Turismo y gentrificación en ciudades globales: ¿podría ser útil la política fiscal? / Turisme i gentrificació en ciutats g," IEB Reports ieb_report_2_2018, Institut d'Economia de Barcelona (IEB).
  40. Lall B. Ramrattan, 1999. "The Decline of Rental Completions in the U. S. Housing Market: 1970–1994," The American Economist, Sage Publications, vol. 43(1), pages 35-46, March.
  41. Shao, Xiaokuai & White, Alexander, 2021. "Outsiders, insiders and interventions in the housing market," Journal of Comparative Economics, Elsevier, vol. 49(1), pages 110-134.
  42. Jonathan McCarthy & Richard Peach, 2002. "Monetary policy transmission to residential investment," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(May), pages 139-158.
  43. Charles Ka Yui Leung & Patrick Wai Yin Cheung & Erica Jiajia Ding, 2008. "Intra-metropolitan Office Price and Trading Volume Dynamics: Evidence from Hong Kong," International Real Estate Review, Global Social Science Institute, vol. 11(2), pages 47-74.
  44. Vanessa Nadalin & Danilo Igliori, 2017. "Empty spaces in the crowd. Residential vacancy in São Paulo’s city centre," Urban Studies, Urban Studies Journal Limited, vol. 54(13), pages 3085-3100, October.
  45. Cheshire, Paul & Hilber, Christian A.L. & Koster, Hans R.A., 2018. "Empty homes, longer commutes: The unintended consequences of more restrictive local planning," Journal of Public Economics, Elsevier, vol. 158(C), pages 126-151.
  46. John Mc Breen & Florence Goffette-Nagot & Pablo Jensen, 2011. "Information and Search on the Housing Market: An Agent-based Model," ERSA conference papers ersa11p1395, European Regional Science Association.
  47. Christian Almer & Stefan Boes & Stephan Nuesch, 2013. "How do Housing Prices Adjust After an Environmental Shock? Evidence from a State-Mandated Change in Aircraft Noise Exposure," Department of Economics Working Papers 11/12, University of Bath, Department of Economics.
  48. Joséphine Leuba, 2019. "Natural amenities and the spatial distribution of Swiss income," IRENE Working Papers 19-04, IRENE Institute of Economic Research.
  49. Rena Sivitanidou, 1999. "Office Rent Processes: The Case of U.S. Metropolitan Markets," Working Paper 8664, USC Lusk Center for Real Estate.
  50. N. B. Udoekanem & J. I. Ighalo, 2016. "An assessment of the relationship between office rent and vacancy rate in Abuja, Nigeria," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 6(3), pages 77-83, March.
  51. Molloy, Raven, 2016. "Long-term vacant housing in the United States," Regional Science and Urban Economics, Elsevier, vol. 59(C), pages 118-129.
  52. Itzhak Ben-David & Pascal Towbin & Sebastian Weber, 2019. "Inferring Expectations from Observables: Evidence from the Housing Market," NBER Working Papers 25702, National Bureau of Economic Research, Inc.
  53. Nathaly M. Rivera, 2020. "Is Mining an Environmental Disamenity? Evidence from Resource Extraction Site Openings," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 485-528, March.
  54. Patric H. Hendershott, 1994. "Rental Adjustment & Valuation of Real Estate in Overbuilt Markets: Fundamental vs. Reported Office Market Values in Sydney Australia," NBER Working Papers 4775, National Bureau of Economic Research, Inc.
  55. John D. Benjamin & Peter Chinloy & William G. Hardin & Zhonghua Wu, 2008. "Clientele Effects and Condo Conversions," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(3), pages 611-634, September.
  56. Miguel-Ángel López García, 2023. "Controles de alquileres," Hacienda Pública Española / Review of Public Economics, IEF, vol. 246(3), pages 165-206, September.
  57. Lawrence B. Smith, 2003. "Intertenancy Rent Decontrol in Ontario," Canadian Public Policy, University of Toronto Press, vol. 29(2), pages 213-225, June.
  58. Isaac F. Megbolugbe & Allen P. Marks & Mary B. Schwartz, 1991. "The Economic Theory of Housing Demand: A Critical Review," Journal of Real Estate Research, American Real Estate Society, vol. 6(3), pages 381-393.
  59. Patric H. Hendershott & Bryan D. MacGregor & Raymond Y.C. Tse, 2000. "Estimating the Rental Adjustment Process," NBER Working Papers 7912, National Bureau of Economic Research, Inc.
  60. Kenneth T. Rosen, 1984. "Toward a Model of the Office Building Sector," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 12(3), pages 261-269, September.
  61. Paavo Monkkonen, 2019. "Empty houses across North America: Housing finance and Mexico’s vacancy crisis," Urban Studies, Urban Studies Journal Limited, vol. 56(10), pages 2075-2091, August.
  62. G. Stacy Sirmans & John D. Benjamin, 1991. "Determinants of Market Rent," Journal of Real Estate Research, American Real Estate Society, vol. 6(3), pages 357-380.
  63. Moshe Bar ­Nathan & Michael Beenstock & Yoel Haitovsky, 1995. "An Econometric Model Of The Israeli Housing Market," Bank of Israel Working Papers 1995.02, Bank of Israel.
  64. Capone, Charles Jr. & Goldberg, Lawrence, 2001. "Renter Mobility and Multifamily Mortgage Default Risk," Journal of Housing Economics, Elsevier, vol. 10(1), pages 21-40, March.
  65. Raymond Y. C. Tse & Bryan D. MacGregor, 1999. "Housing Vacancy and Rental Adjustment: Evidence from Hong Kong," Urban Studies, Urban Studies Journal Limited, vol. 36(10), pages 1769-1782, September.
  66. Eva M. Berger & Felix Schmidt, 2017. "Inattention in the Rental Housing Market: Evidence from a Natural Experiment," Working Papers 1716, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 06 Sep 2019.
  67. Masatomo Suzuki & Yasushi Asami, 2020. "Shrinking housing market, long-term vacancy, and withdrawal from housing market," Asia-Pacific Journal of Regional Science, Springer, vol. 4(3), pages 619-638, October.
  68. Francois Des Rosiers & Marius Theriault, 1996. "Rental Amenities and the Stability of Hedonic Prices: A Comparative Analysis of Five Market Segments," Journal of Real Estate Research, American Real Estate Society, vol. 12(1), pages 17-36.
  69. Jean-Jacques Grannelle, 1996. "Le marché des bureaux. Une revue des modèles économétriques," Revue de l'OFCE, Programme National Persée, vol. 59(1), pages 167-211.
  70. Arbel, Yuval & Fialkoff, Chaim & Kerner, Amichai, 2017. "Removal of renter's illusion: Property tax compliance among renters and owner-occupiers," Regional Science and Urban Economics, Elsevier, vol. 66(C), pages 150-174.
  71. Horváth, Áron & Sápi, Zoltán & Révész, Gábor, 2016. "Irodapiaci ciklusok jellemzése a hozam, a bérleti forgalom, az üresedés, a bérleti díjak és az új átadás alapján [Yields, take-up, vacancy, rents and new supply during office-market cycles]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 113-136.
  72. Mark Merante & Keren Mertens Horn, 2016. "Is Home Sharing Driving up Rents? Evidence from Airbnb in Boston," Working Papers 2016_03, University of Massachusetts Boston, Economics Department.
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