The Real Estate Capital Market: Historical Perspectives, Emerging Trends and Future Directions

Fall/Winter 1987, Vol 12, No 2 Abstract: An historical overview is presented on the dramatic changes in the real estate industry since World War II. The author offers an analysis of past trends and insights on future opportunities.

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The Transition to Counseling: A Growth Model for Appraisal Firms

Fall/Winter 1987, Vol 12, No 2 Abstract: Various theories have been proposed regarding the stages of growth through which small businesses typically evolve. The authors offer a five-step prescription for management action so that the organizational crises can be turned into growth opportunities.

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Corporate Real Estate Joint Ventures and Security Price Performance

Fall/Winter 1987, Vol 12, No 2 Abstract: The results of a study are detailed to explain that the announcement of a real estate development joint venture is associated with no significant share price reaction. A sampling of 24 joint ventures is identified and analyzed using standard event study methods.

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Should Points Be Paid for a Lower Home Mortgage Interest Rate?

Fall/Winter 1987, Vol 12, No 2 Abstract: The article examines whether discount points should be paid to acquire a better interest rate on a new home mortgage or a refinanced home mortgage. Two present value models are developed and illustrate how tax consequences may influence the buy down decision on a home mortgage being refinanced but… Read more

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Sequential Innovations in American Shopping Centers

Fall/Winter 1987, Vol 12, No 2 Abstract: The results of interviews with 30 real estate executives from top national firms identify the most important new ideas from the past 50 years that have shaped and defined the modern shopping center. Also named are the six centers that have most influenced subsequent shopping center development.

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Renting, Home Ownership and the Accumulation of Wealth

Fall/Winter 1987, Vol 12, No 2 Abstract: This article challenges the assertion that investment in home ownership is one of the best ways for an individual or family to increase its real net worth over time. The article demonstrates that, under a reasonable set of assumptions, renting actually may enhance individual or family wealth over time. Read More

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