메뉴 건너뛰기




Volumn 21, Issue 1, 2000, Pages 5-21

Two Decades of Commercial Property Returns: A Repeated-Measures Regression-Based Version of the NCREIF Index

Author keywords

Appraisal; Index; Investment; Repeat sales; Smoothing

Indexed keywords


EID: 0034399539     PISSN: 08955638     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007811702150     Document Type: Article
Times cited : (57)

References (23)
  • 2
    • 0002905632 scopus 로고
    • Prices of Single Family Homes since 1970: New Indexes for Four Cities
    • Case, K., and R. Shiller. (1987). "Prices of Single Family Homes Since 1970: New Indexes for Four Cities," New England Economic Review (September-October) 45-56.
    • (1987) New England Economic Review , Issue.SEPTEMBER-OCTOBER , pp. 45-56
    • Case, K.1    Shiller, R.2
  • 3
    • 84983978498 scopus 로고
    • Forecasting Prices and Excess Returns in the Housing Market
    • Case, K., and R. Shiller. (1990). "Forecasting Prices and Excess Returns in the Housing Market," AREUEA Journal 18(3), 253-273.
    • (1990) AREUEA Journal , vol.18 , Issue.3 , pp. 253-273
    • Case, K.1    Shiller, R.2
  • 5
    • 0010141723 scopus 로고
    • Estimating Price Indices for Residential Property: A Comparison of Repeat Sales and Assessed Value Methods
    • Clapp, J., and C. Giacotto. (1992). "Estimating Price Indices for Residential Property: A Comparison of Repeat Sales and Assessed Value Methods," Journal of the American Statistical Association 87, 300-306.
    • (1992) Journal of the American Statistical Association , vol.87 , pp. 300-306
    • Clapp, J.1    Giacotto, C.2
  • 6
    • 84986092568 scopus 로고    scopus 로고
    • Property Valuation Variation and the 'Margin of Error' in the UK
    • Crosby, N., A. Lavers, and J. Murdoch. (1998). "Property Valuation Variation and the 'Margin of Error' in the UK," Journal of Property Research 15(4), 305-330.
    • (1998) Journal of Property Research , vol.15 , Issue.4 , pp. 305-330
    • Crosby, N.1    Lavers, A.2    Murdoch, J.3
  • 7
    • 0032363855 scopus 로고    scopus 로고
    • A Longitudinal Examination of the Appraisal Smoothing Hypothesis
    • Diaz, J., and M. Wolverton. (1998). "A Longitudinal Examination of the Appraisal Smoothing Hypothesis," Real Estate Economics 26(2), 349-358.
    • (1998) Real Estate Economics , vol.26 , Issue.2 , pp. 349-358
    • Diaz, J.1    Wolverton, M.2
  • 8
    • 0039398419 scopus 로고    scopus 로고
    • How Reliable Are Commercial Appraisals? Another Look
    • Fisher, J., M. Miles, and R. B. Webb. (1999). "How Reliable Are Commercial Appraisals? Another Look," Real Estate Finance 16(3), 9-15.
    • (1999) Real Estate Finance , vol.16 , Issue.3 , pp. 9-15
    • Fisher, J.1    Miles, M.2    Webb, R.B.3
  • 9
    • 0011298699 scopus 로고    scopus 로고
    • A Transaction-based Index of Commercial Property and its Comparison to the NCREIF Index
    • Gatzlaff, D., and D. Geltner. (1998). "A Transaction-based Index of Commercial Property and its Comparison to the NCREIF Index," Real Estate Finance 15(1), 7-22.
    • (1998) Real Estate Finance , vol.15 , Issue.1 , pp. 7-22
    • Gatzlaff, D.1    Geltner, D.2
  • 11
    • 0001607212 scopus 로고
    • Estimating Market Values from Appraised Values Without Assuming an Efficient Market
    • Geltner, D. (1993). "Estimating Market Values from Appraised Values Without Assuming an Efficient Market," Journal of Real Estate Research 8(3), 325-346.
    • (1993) Journal of Real Estate Research , vol.8 , Issue.3 , pp. 325-346
    • Geltner, D.1
  • 12
    • 0007334707 scopus 로고    scopus 로고
    • How Accurate is the NCREIF Index as a Benchmark, and Who Cares?
    • Geltner, D. (1998). "How Accurate is the NCREIF Index as a Benchmark, and Who Cares?" Real Estate Finance 14(4), 25-38.
    • (1998) Real Estate Finance , vol.14 , Issue.4 , pp. 25-38
    • Geltner, D.1
  • 13
    • 0041177800 scopus 로고    scopus 로고
    • Using the NCREIF Index to Shed Light on What Really Happened to Asset Market Values in 1998: An Unsmoother's View of the Statistics
    • Geltner, D. (1999). "Using the NCREIF Index to Shed Light on What Really Happened to Asset Market Values in 1998: An Unsmoother's View of the Statistics," Real Estate Finance 16(1), 69-80.
    • (1999) Real Estate Finance , vol.16 , Issue.1 , pp. 69-80
    • Geltner, D.1
  • 14
    • 0007205026 scopus 로고
    • Random Disaggregate Appraisal Error in Commercial Property: Evidence from the Russell-NCREIF Database
    • Geltner, D., R. Graff, and M. Young. (1994). "Random Disaggregate Appraisal Error in Commercial Property: Evidence from the Russell-NCREIF Database," Journal of Real Estate Research 9(4), 403-419.
    • (1994) Journal of Real Estate Research , vol.9 , Issue.4 , pp. 403-419
    • Geltner, D.1    Graff, R.2    Young, M.3
  • 15
    • 0001144527 scopus 로고
    • Equity Real Estate Investment Trusts and Real Estate Returns
    • Giliberto, S. M. (1990). "Equity Real Estate Investment Trusts and Real Estate Returns," Journal of Real Estate Research 5(2), 259-264.
    • (1990) Journal of Real Estate Research , vol.5 , Issue.2 , pp. 259-264
    • Giliberto, S.M.1
  • 16
    • 0002105028 scopus 로고
    • The Accuracy of Real Estate Indices: Repeat Sale Estimators
    • Goetzmann, W. (1992). "The Accuracy of Real Estate Indices: Repeat Sale Estimators," Journal of Real Estate Finance and Economics 5(1), 5-54.
    • (1992) Journal of Real Estate Finance and Economics , vol.5 , Issue.1 , pp. 5-54
    • Goetzmann, W.1
  • 17
    • 0041177298 scopus 로고    scopus 로고
    • The Magnitude of Random Appraisal Error in Commercial Real Estate Valuation
    • Graff, R., and M. Young. (1999). "The Magnitude of Random Appraisal Error in Commercial Real Estate Valuation," Journal of Real Estate Research 17, 33-54.
    • (1999) Journal of Real Estate Research , vol.17 , pp. 33-54
    • Graff, R.1    Young, M.2
  • 18
    • 84984080802 scopus 로고
    • What Does the Stock Market Tell Us about Real Estate Returns
    • Gyourko, J., and D. Keim. (1992). "What Does the Stock Market Tell Us About Real Estate Returns," Real Estate Economics 20(3), 457-486.
    • (1992) Real Estate Economics , vol.20 , Issue.3 , pp. 457-486
    • Gyourko, J.1    Keim, D.2
  • 19
    • 0042102866 scopus 로고    scopus 로고
    • Smoothing in Commercial Property Valuations: Evidence from the Trenches
    • Hamilton, S., and J. Clayton. (1999). "Smoothing in Commercial Property Valuations: Evidence from the Trenches," Real Estate Finance 16(3), 16-26.
    • (1999) Real Estate Finance , vol.16 , Issue.3 , pp. 16-26
    • Hamilton, S.1    Clayton, J.2
  • 20
    • 21344431786 scopus 로고    scopus 로고
    • Serial Correlation and Seasonality in the Real Estate Market
    • Kuo, C. (1996). "Serial Correlation and Seasonality in the Real Estate Market," Journal of Real Estate Finance and Economics 12(2), 139-162.
    • (1996) Journal of Real Estate Finance and Economics , vol.12 , Issue.2 , pp. 139-162
    • Kuo, C.1
  • 21
    • 0002833799 scopus 로고
    • Return Properties of Equity Reits, Common Stocks, and Commercial Real Estate: A Comparison
    • Myer, F., and J. Webb. (1993). "Return Properties of Equity Reits, Common Stocks, and Commercial Real Estate: A Comparison," Journal of Real Estate Research 8(1), 87-106.
    • (1993) Journal of Real Estate Research , vol.8 , Issue.1 , pp. 87-106
    • Myer, F.1    Webb, J.2
  • 22
    • 0000424562 scopus 로고
    • Arithmetic Repeat Sales Price Estimators
    • Shiller, R. (1991). "Arithmetic Repeat Sales Price Estimators," Journal of Housing Economics 1(1), 110-126.
    • (1991) Journal of Housing Economics , vol.1 , Issue.1 , pp. 110-126
    • Shiller, R.1
  • 23
    • 0041601932 scopus 로고
    • Defining Commercial Property Income and Appreciation Returns for Comparability to Stock Market-Based Measures
    • Young, M., D. Geltner, W. McIntosh, and D. Poutasse. (1995). "Defining Commercial Property Income and Appreciation Returns for Comparability to Stock Market-Based Measures," Real Estate Finance 12(2), 19-31.
    • (1995) Real Estate Finance , vol.12 , Issue.2 , pp. 19-31
    • Young, M.1    Geltner, D.2    McIntosh, W.3    Poutasse, D.4


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.