Readings on Home Prices

Here is a list of recommended readings on home prices that will help you better understand how house prices are determined; what are the specific factors that drive their movements through time and determine their differences across markets, property types, and specific properties; and what are the major measurement and other issues in their use. If you have any suggestions for additional readings on home prices that you feel are appropriate to be added on this list please make a recommendation using our “Contact us” form. We will be glad to add it in our list. The readings on home prices that follow are ordered on the basis of publication time with the more recent featured on top of the list.

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Internal Rate of Return(IRR)
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Potential Gross Income Multiplier (PGIM)
Potential Gross Income
Effective Gross Income Multiplier
Effective Gross Income
Net Income Multiplier
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Band-of-Investment Formula for Estimating a Market/Required Capitalization Rate
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Return on Total Capital (ROR)
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Before Tax Equity Cash Flow (BTECF)
Equity Investment
Loan Amount
Debt Service
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Payback Period
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After Tax Cash Flow (ATCF)
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One-Period IRR
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Future Resale Price
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Multi-period Lease Rate Growth Formula with Constant CPI Forecast
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READING LIST

Oikarinen, E. 2006. The Diffusion of Housing Price Movements from Center to Surrounding Areas. Journal of Housing Research, Vol. 15, No. 1, pp: 3-28.

Xing. X, D. J. Hartzell and D. R. Godschalk. 2006. Land Use Regulations and Housing Markets in Large Metropolitan Areas. Journal of Housing Research, Vol. 15, No. 1, pp:55-80.

Di, Z. and X. Liu. 2003. How Local Rent Change and Earning Capacity Affect Natural Household Formation by Young Adults. Joint Center of Housing Studies, Working Paper, W03-3.

Harter-Dreiman, M. 2003. Drawing Inferences about Housing Supply Elasticity from House Price Responses to Income Shocks. OFHEO Working Paper 03-2.

T. J. Fik, David, C. Ling and G. F. Mulligan . 2003. Modeling Spatial Variation in Housing Prices: A Variable Interaction Approach. Real Estate Economics, Vol. 31, No. 4.

J. M. Clapp and C. Giaccotto. 2002. Evaluating House Price Forecasts. Journal of Real Estate Research, Vol. 24, No. 1, pp: 1-26.

Benjamin, J. and S. Sirmans. 1996. Mass Transportation, Apartment Rent, and Property Values. The Journal of Real Estate Research, Vol. 12, No. 1, pp: 1-8.

Abraham, M. J. and P. H. Hendershott. 1996. Bubbles in Metropolitan Housing Markets. Journal of Housing Research, Vol. 7, No. 2, pp: 191-207.

Chinloy, P. 1996. Real Estate Cycles: Theory and Empirical Evidence. Journal of Housing Research, Vol. 7, No. 2, pp: 173-190.

Malpezzi, S. 1996. Housing Price Externalities, and Regulation in US Metropolitan Areas. Journal of Housing Research, Vol. 7, No. 2, pp: 209-241.

Man, C. 1996. House Price Dynamics: A Survey of Theoretical and Empirical Issues. Journal of Housing Research, Vol. 7, No. 2, pp: 145-172.

Somerville, T. C. 1996. The Contribution of Land and Structure to Builder Profits and House Prices. Journal of Housing Research, Vol. 7, No. 1, pp: 127-141.

Potepan M. J. 1996. Explaining Intermetropolitan Variation in Housing Prices, Rents, and Land Prices. Real Estate Economics, Vol. 24, No. 2.

D. A. Ford. 1989. The Effect of Historic District Designation on Single-Family Home Prices. Journal of the American Real Estate and Urban Economics Association, Vol. 17, No. 3.

F., B., M. Goldberg, and J. Mark. 1988. “The Pre-Service Impacts of the Vancouver Advanced Light Rail Transit System on Single-Family Property Values.” In Real Estate Market Analysis, eds J. Clapp and S. Messner, New York, NY: Praeger Publishers.

Rosen, K. and L. Smith. 1983. The Price Adjustment Process for Rental Housing and the Natural Vacancy Rate. American Economic Review, Vol. 73, pp: 779-786.

Noam, E.M. 1982. The Interaction of Building Codes and Housing Prices. Journal of the American Real Estate and Urban Economics Association, Vol. 10, No. 4.

L. J. Spellman. 1981. Inflation and Housing Prices. Journal of the American Real Estate and Urban Economics Association, Vol. 9, No. 3.

Rosen, K. and L. Smith. 1986. The Resale Housing Market. American Real Estate and Urban Economics Association Journal, Vol. 14, No. 4.

Elliott, M. 1981. The Impact of Growth Control Regulations on Housing Prices in California. American Real Estate and Urban Economics Association Journal, Vol. 9, pp: 115-33.

Correll, R., J. Lillydahl and L. Singell. 1978. "The Effects of Greenbelts on Resi-dential Property Values: Some Findings on the Political Economy of Open Space." Land Economics, Vol. 54, pp: 207-217.

Stull, W. 1975. “Community, Environment, Zoning and the Market-Value of Single-Family Homes.” Journal of Law and Economics, Vol. 18, pp: 535-558.

Sweeny, J. 1974. A Commodity Hierarchy Model of the Rental Housing Market. Journal of Urban Economics, Vol. 1, No. 3, pp: 288-323.

Weicher, J. and R. Zerbst. 1973. "The Externalities of Neighborhood Parks: An Empirical Investigation." Land Economics, Vol. 49, No. 1, pp: 99-105.

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