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Article
Time on Market and the Cash Discount for Condos
We investigate whether the cash discount for condos is affected by time on market (TOM). Theoretically and empirically, we show that the cash discount has two components: First, condos purchased with cash sell...
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Article
The Impact of Virtual Marketing Strategies on the Price-TOM Relation
Virtual tours such as pre-recorded videos or self-guided virtual reality (VR) tours represent marketing strategies that agents can use to promote homes for sale. Assuming agents aim at maximizing their net co...
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Article
Open AccessGovernmental Restrictions and Real Estate Investor Risk Perception
We investigate the impact of governmental restrictions on the short-term risk perception, as proxied by the going-in cap rate, of investors in regional and neighborhood shop** centers. We use the COVID-19 pa...
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Article
Urbanity, Financial Crisis and the Timing of Homebuying Decisions by Young Households
Large urban areas have a high appeal to young households, particularly highly educated ones, as they offer higher wages, more job opportunities and urban amenities. However, large urban areas are also characte...
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Article
An Investigation into Sentiment-Induced Institutional Trading Behavior and Asset Pricing in the REIT Market
Institutional investors such as pension funds or insurance companies commonly invest in the unsecuritized and securitized real estate market. We investigate how institutional investor sentiment in the commerci...
