This paper examines major themes in apartment market research. The intent is to provide an overview of academic studies of the apartment market and to outline directions for future research.

G. Donald Jud

G. Stacy Sirmans

John D. Benjamin

English

Research Papers in Economics

A Different Look at Commercial Real Estate Returns,

A Further Examination of Appraisal Data and the Potential Bias in Real Estate Return Indexes,

A Note on the Price Adjustment Mechanism for Rental Housing, American Economic Review,

A Regional Model of Multi-family Housing Starts,

Adjustments in the Real Estate Market,

An Analysis of Tenant Demand for Amenities,

An Econometric Analysis of Rent Control,

An Econometric Model of the Orange County California Apartment Market,

An Evaluation of Apartment Preferences Using Conjoint Analysis, unpublished paper,

Analyzing Rent Control: The Case of Los Angeles, Economic Inquiry,

Apartment Rent, Concessions, and Occupancy Rates,

Apartment Rent: Rent Control and Other Determinants,

Atypicalities and Apartment Rent Concessions,

Atypicality and the Natural Vacancy Rate Hypothesis,

Buyer’s Response Technique-A Framework for Improving Comparable Selection and Adjustment in Single-Family Appraising,

Capital Allocation and the Economic Recovery Tax Act of 1981, Public Finance Quarterly,

Concessions and Property Values,

Condominiums and Capital Gains: The Transformation of the Ontario Rental Housing Market, Urban Studies,

Construction Cycles in the United States Since World War II,

Consumer Demand: A New Approach,

Controlling Rental Control,

Demand and Supply of Housing in the U.S.: 1929–1978, Economic Inquiry,

Determinants of Market Rent,

Determining Apartment Rent: The Value of Amenities, Services and External Factors,

Development of a Dynamic Investment Strategy under Alternative Inﬂation Cycle Scenarios,

Discounts and Rental Housing Demand: Theory and Evidence, Land Economics,

Diversiﬁcation Categories in Investment Real Estate,

Diversiﬁcation in the Real Estate Portfolio,

Estate Returns and Inﬂation,

Estimating Willingness to Pay for Housing Characteristics: An Application of the Ellickson Bid-Rent Model,

Estimation and Policy Implications of Rental Housing Demand,

Evaluating Real Estate Markets Using Cycle Analysis, paper presented at the meeting of the American Real Estate Society,

Examining the Variability of Apartment Rent, Real Estate Appraiser and Analyst,

Exchange and Production: Theory in Use,

Explaining the Vacancy Rate—Rent Paradox of the 1980s, unpublished paper,

Explaining the Variability of Apartment Rents,

Forecasting the Impact of Real Estate Cycles on Investments, Real Estate Review,

Hedonic Prices and Implicit Markets: Product Differentiation in Price Competition,

Higher Education and Housing: The Impact of Colleges and Universities on Local Rental Housing Markets,

Housing Decisions of American Youth,

Housing Deterioration, Housing Codes and Rent Control, Urban Studies,

How Real Estate Stacks Up to the S&P 500, Real Estate Review,

Income and Appraised Values:

Investment Performance: Common Stocks versus Apartment Houses,

Isolated State: An English Edition of Der Isolierte Statt,

Location and Amenities in Determining Apartment Rents: An Integer Programming Approach, Appraisal Journal,

Long-term Rent Control and Tenant Subsidies, Quarterly Review of Economics and Business,

Managing Real Estate Portfolios, Part 2: Risk and Return

Market Research to Improve Estimates of Potential Gross Income in Multi-family Properties, Appraisal Journal,

Occupancy Discounts in the U.S. Rental Housing Market,

Prices, Incentives, and Choice of Management Form, unpublished paper,

Principles of City Land Values,

Property Manager Designations and Apartment Rent,

Real Estate Appraisal,

Real Estate Cycles Alter the Valuation Perspective, Appraisal Journal,

Real Estate Market Analysis: Techniques and Applications,

Real Estate Returns: A Comparison with Other Investments,

Real Estate: The Whole Story,

Rental Housing Markets and the Natural Vacancy Rate,

Replicative Evidence on the Demand for Owner-Occupied and Rental Housing, Southern Economic Journal,

Returns and Institutional Real Estate Portfolios,

Search Costs and Apartment Rents,

Smoothing in Appraisal-Based Returns,

The Apartment Market—A Changing Demographic and Economic Environment, Housing Finance,

The Composition of the Market Portfolio and Real Estate Investment Performance,

The Cyclic Behavior of the National Ofﬁce Market,

The Demand for Non-Farm Housing,

The Demand for Rental Housing: Evidence from the Housing Allowance Demand Experiment,

The Duration of Marketing Time of Residential Housing,

The Economics of the Apartment Market in the 1990s, unpublished paper,

The Effect of Rent Control on the Price of Rental Housing: An Hedonic Approach, Land Economics,

The Effects of Rent Control on the Distribution of Income Among New York City Renters,

The Efﬁcacy of Hedonic Estimation with the Annual Housing Survey: Evidence from the Demand Experiment,

The Flight to the Suburbs: Insights Gained from an Analysis of Central-City Vs Suburban Housing Costs,

The Impact of Inﬂation and Vacancy on Real Estate Returns,

The Income Elasticity of Demand for Housing: Evidence from Concentration Curves, unpublished paper,

The Inﬂuence of Property Characteristics on Rents, unpublished paper,

The Price Adjustment Mechanism for Rental Housing in the United States,

The Price Effects of Cash Versus Mortgage Transactions,

The Price Elasticity of the Long-Run Supply of New Housing Construction, Land Economics,

The Price-Adjustment Process for Rental Housing and the Natural Vacancy Rate, American Economic Review,

The Price-Adjustment Process for Rental Housing: Some Further Evidence,

The Structure of the Housing Market,

The Supply of Rental Housing,

The Supply of Rental Housing:

The Supply of Rental Housing: Reply,

The Valuation of Multiple Family Dwellings by Statistical Inference, Real Estate Appraiser,

Theory and Rent Optimization: Utilizing Cluster Analysis to Segment Rental Markets,

Toward Indices of Real Estate Value and Return,

Towards a Sociology of Rent: Are Rental Housing Markets Competitive? Social Problems,

Uncontrolled Prices in a Controlled Market: The Case of Rent Controls, American Economic Review,

Using a Simple Model to Estimate Market Rents: A Case Study,

Well Do Section 8 FMRs (Fair Market Rent) Match the Cost of Rental Housing? Data from Thirty-Nine Large Cities,

What Does the Stock Market Tell Us About Real Estate Returns?

What is the Price Elasticity of Housing Demand? Review of Economics and Statistics,

What Do We Know about Apartments and Their Markets?

http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol11n03/v11p243.pdf

What Do We Know about Apartments and Their Markets?

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Research Papers in Economics