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The Journal of Real Estate Finance and Economics

The Journal of Real Estate Finance and Economics OnlineFirst articles

07.12.2018 Open Access

Only the Best? Exploring Cross-Border Investor Preferences in US Gateway Cities

Despite heady growth in cross-border investment into commercial real estate over recent decades, there are few studies that examine differences in investment preferences between domestic and cross-border investors at a micro level. We address the …


Fannie Mae and Freddie Mac: Risk-Taking and the Option to Change Strategy

We analyze causes of the surge in defaults experienced by Fannie Mae and Freddie Mac during the Great Recession. Our data are consistent with the following: The two faced a trade-off between subsidized risk-taking (due to a guarantee implied by …


The Optimal Selling Strategy of Residential Real Estate

This paper studies three selling strategies of residential real estate: delegation to a broker, cheap talk with a broker and For Sale By Owner (FSBO). We find that if the state of the market is very uncertain and information of the market is …


Computation of Hedging Coefficients for Mortgage Default and Prepayment Options: Malliavin Calculus Approach

This study explores the hedging coefficients of the financial options to default and to prepay embedded into mortgage contracts based on the change in spot rate, underlying house price and its volatility. In the computations, the …


Evaluation of Mortgage Default Characteristics Using Fannie Mae’s Loan Performance Data

Mortgage default has been characterized as ruthless or predominantly driven by the relation of house price to mortgage value by proponents of pure option theoretic model (Kau et al. Journal of Money, Credit and Banking, 24(3), 279–299 1992 …

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Über diese Zeitschrift

Recent times have seen an expansion of theoretical and empirical research on real estate using the paradigms and methodologies of finance and economics. Examples of this research include the working and structure of markets, the role of various institutional arrangements, the attention given mortgages and asset securitization, risk management and valuation, and public policy and regulation. The Journal of Real Estate Finance and Economics provides a forum for the publication of this research. Coverage includes urban economics, housing, regional science and public policy.

Officially cited as:

J Real Estate Finance Econ

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Blockchain-Effekte im Banking und im Wealth Management

Es steht fest, dass Blockchain-Technologie die Welt verändern wird. Weit weniger klar ist, wie genau dies passiert. Ein englischsprachiges Whitepaper des Fintech-Unternehmens Avaloq untersucht, welche Einsatzszenarien es im Banking und in der Vermögensverwaltung geben könnte – „Blockchain: Plausibility within Banking and Wealth Management“. Einige dieser plausiblen Einsatzszenarien haben sogar das Potenzial für eine massive Disruption. Ein bereits existierendes Beispiel liefert der Initial Coin Offering-Markt: ICO statt IPO.
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