What Determined the Great Cap Rate Compression of 2000–2007, and the Dramatic Reversal During the 2008–2009 Financial Crisis?

Author:

Chervachidze Serguei,Wheaton William

Publisher

Springer Science and Business Media LLC

Subject

Urban Studies,Economics and Econometrics,Finance,Accounting

Reference24 articles.

1. Archer, W.A. & D.C. Ling. “The Three Dimensions of Real estate Markets: Linking Space, Capital, and Property Markets,” Real Estate Finance. Fall (1997), pp. 7–14.

2. Caballero, R., E Farhi, P. Gourinchas. “An Equilibrium Model of Global Imbalances and Low Interest Rates.” American Economic Review. Forthcoming.

3. Chen, J., Hudson-Wilson, S., & Nordby, H. (2004). Real Estate Pricing: Spreads and Sensibilities: Why Real Estate Pricing is Rational. Journal of Real Estate Portfolio Management, 10, 1–21.

4. Chervachidze, S. J., Costello, D., & Wheaton, W. (2009). The Secular and Cyclic Determinants of Capitalization Rates: The Role of Property Fundamentals, Macroeconomic Factors, and ‘Structural Changes. The Journal of Portfolio Management. RE, 35(5), 50–69.

5. Chervachidze, S. The Secular and Cyclical Determinants of Capitalization Rates: The Role of Credit Availability, Adaptive Expectations, and Structural Changes. PhD Dissertation, University of Houston (2010)

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