How Major Hurricanes Impact Housing Prices and Transaction Volume

Spring 2008 Vol. 33, No. 1 features Abstract: This study investigates the near-term effects of hurricanes on residential real estate. Specifically, the authors examine changes in sales price and transaction volume in U.S. Zip Codes directly hit by major hurricanes between August 2004 and October 2005. Evidence suggests changes in home prices and transaction volume in… Read more

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Rebuilding After Katrina: An Owner’s Perspective Two Years Later

· Spring 2008 Vol. 33, No. 1 Abstract: This article examines the process of rebuilding a 360,000- square-foot commercial portfolio in Greater New Orleans post- Katrina, from securing the properties post-devastation to reconstruction and lease-up. The review focuses on the shift in skills and resources needed to work with contractors, tenants, mortgage holders, insurers, property management, and… Read more

Home Price Indices Futures

Spring 2008 Vol. 33, No. 1 Abstract: This article analyzes the potential use of the Chicago Mercantile Exchange (CME) housing futures for hedging, arbitrage and speculative purposes. We argue that because of the lack of volume in listed contracts, CME housing futures are not likely to attract hedgers, arbitragers or speculators. However, CME housing futures can… Read more

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Seizure in the Capital Markets and Its Impact on Washington’s Investment-Grade Office Building Deal Volume

Spring 2008 Vol. 33, No. 1 Abstract: The impact of defaults in the residential subprime mortgage loan market has leeched into global credit markets. Market makers from New York to Los Angeles pooled these and other rated collateralized debt obligations into highly complex investment securities and sold them to Wall Street investors (both individuals and firms)…. Read more

Conservation Easements: Windfall or Straightjacket?

Fall 2007, Vol. 32, No. 2 Abstract: Urban sprawl is leading to the development of millions of acres of open space, farms and forest land each year in the United States. There is a growing effort to combat loss of so much green space, and the conservation easement is one such tool being used. In… Read more

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Leadership Roundtable: The Real Estate Industry & the CRE Organization

Fall 2007, Vol. 32, No. 2 Abstract: While the three Counselors who are in line to serve as CRE Chairman of the Board have many decades of experience in the real estate industry among them, each possesses a unique perspective on the many issues we face today, including development, investment and appraisal. How are these three CRE leaders and their respective companies navigating the current real estate environment during this period of change?... Read More