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, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Commercial Real Estate Finance
 
Presiding:Timothy J Riddiough, University of Wisconsin-Madison

Anthony Sanders, Ohio State University, Yongheng Deng, University of Southern California, Stuart Gabriel, University of California at Los Angeles -- Commercial Real Estate CDOs and the Pricing of CMBS

Danny Ben-Shahar, Technion - Israel Institute of Technology, Eyal Sulganik, Efrat Tolkowsky, Tel Aviv University -- Recourse and Non-recourse Mortgage Loans: A Theoretical Analysis Under Asymmetric Information

Jun Chen, Property & Portfolio Research, Inc. -- What Drives Commercial Mortgage Termination? -- A Multi-State Transition Approach

Xiaoqing Eleanor Xu Ph.D., Seton Hall University -- What Drives the Return on Commercial Mortgage-backed Securities?

Discussants:Dr. Timothy Riddiough, University of Wisconsin-Madison
Dr. Abdullah Yavas, Pennsylvania State University
Dr. Bill Wheaton, Massachusetts Institute of Technology
Dr. James Shilling, DePaul University

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Timothy J Riddiough, University of Wisconsin-Madison
E.J. Plesko Chair
University of Wisconsin-Madison
Department of Real Estate & Urban Land Economics
5251 Grainger Hall
975 University Avenue
Madison, WI 53706
Tele: (608) 262-3531   Fax: (608) 265-2738
Email: triddiough@bus.wisc.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Default Risk
 
Presiding:Amy Crews Cutts, Freddie Mac

Cynthia Holmes, Florida State University, Michael LaCour-Little, California State University - Fullerton -- An Empirical Test of the Equity Dilution Hypothesis

Tyler Yang, IFE Group, Che-Chun Lin, National Tsing Hua University, Man Cho, The KDI School -- Default Risk and Relative Values of Exotic Mortgage Products: A Multi-Factor Simulation Approach

Jun Chen, Property & Portfolio Research, Inc., Jinbao Tong, Property & Portfolio Research, Inc. -- The Spatial Dependency of Loss Given Default of Commercial Mortgages

V Carlos Slawson, Jr., Louisiana State University -- Underwater Mortgages

Discussants:Mr. James Berkovec, Freddie Mac
Dr. Robert Van Order, University of Michigan
Dr. James Follain, James R. Follain LLC
Dr. Amy Cutts, Freddie Mac

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Amy Crews Cutts, Freddie Mac
Deputy Chief Economist
Freddie Mac
Office of the Chief Economist
8200 Jones Branch Drive
Mail Stop 484
McLean, VA 22102-3107
Tele: (703) 903-2321   Fax: (703) 903-4045
Email: amy_crews_cutts@freddiemac.com

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Hedonics & Valuation
 
Presiding:Dean H Gatzlaff, Florida State University

Gang-Zhi FAN, National University of Singapore, Weina ZHANG, National University of Singapore -- An Indifference Binomial Valuation of Urban Land Bid and Asking Prices

A. Monique Parkes, University of Georgia, Henry Munneke, University of Georgia -- Catalysts or Cannibals: Are There Spillover Effects From Economic Development Programs?

Douglas J Krupka, Georgia State UNiversity, Douglas Simpson Noonan, Georgia Institute of Technology -- Empowerment Zones, Neighborhood Dynamics, and Direct and Indirect Effects on Housing Values

John Clapp, University of Connecticut, Jyh-Bang Jou, National Taiwan University, Tan Lee, Yuan Ze University -- Hedonic Pricing with Redevelopment Options

Discussants:Dr. R Kelley Pace, Louisiana State University
Dr. David MacPherson, Florida State University
Dr. David Brasington, Louisiana State University
Dr. Timothy Riddiough, University of Wisconsin-Madison

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Dean H Gatzlaff, Florida State University
Chairman & Mark C. Bane Professor
Florida State University
Dept. of Risk Mgmt./Insurance, Real Estate & Bus. Law
College of Business
PO Box 3061110
Tallahassee, FL 32308-6811
Tele: (850) 644-5710   Fax: (850) 644-4077
Email: dgatzlaff@cob.fsu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Homeownership
 
Presiding:Susan M Wachter, University of Pennsylvania

Edward Coulson, Pennsylvania State University, Maurice Dalton, Tufts University -- Ethnic Homeownership Gaps: The Role of Age and Time

Todd Sinai, University of Pennsylvania -- Homeownership as a Way to Hedge Mobility Risk

Abdul Munasib, Oklahoma State University, Jeffry Jacob, Bethel University -- Tenure Choice Implications of Social Networks

Shane M Sherlund, Federal Reserve Board of Governors, Brian K Bucks, Federal Reserve Board of Governors -- Trends in Homeownership

Discussants:Dr. Susan Wachter, University of Pennsylvania
Dr. Jan Brueckner, University of California -Irvine
Dr. Denise DiPasquale, Cityresearch
Dr. Raphael Bostic, University of Southern California

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Susan M Wachter, University of Pennsylvania
Professor
University of Pennsylvania
Real Estate Department
430 Vance Hall
3733 Spruce St.
Philadelphia, PA 19104-6330
Tele: (215) 898-6355   Fax: (215) 573-2220
Email: wachter@wharton.upenn.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Affordability
 
Presiding:Marsha J Courchane, CRA, International

Eichholtz Piet, Maastricht University, Lindenthal Thies, Maastricht University -- Demographic change and the demand for housing: British evidence

Jeffrey Zabel, Tufts University, Henry Pollakowski, Massachusetts Institute of Technology -- Regional Housing Affordability

Brent C Smith, Virginia Commonwealth University -- The Influence of Affordability on Construction Quality: Developer Response to Externalities in the Market

Paul S Willen, Federal Reserve Bank of Boston, Kristopher Gerardi, Federal Reserve Bank of Boston, Harvey S Rosen, Princeton University -- Unaffordable or Too Expensive: A New Approach to Housing Affordability

Discussants:Dr. Christian Redfearn, University of Southern California
Dr. Peter Zorn, Freddie Mac
Dr. Christopher Cunningham, Federal Reserve Bank of Atlanta
Dr. Andrea Heuson, University of Miami

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Marsha J Courchane, CRA, International
Vice President
CRA, International
1201 F Street, MW, Suite 700
Washington, DC 20004
Tele: (202) 662-3804
Tele: (202) 662-3804
Email: mjcourchane@gmail.com

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Market & China
 
Presiding:John M Quigley, University of California

Helen X.H. Bao, Cambridge University, Sherry Z Zhou, City University of Hong Kong, John L Glascock, Cambridge University -- Land Value Determination in an Emerging Market: Empirical Evidence from China

Yongheng Deng, University of Southern California, Peng Liu, University of California at Berkeley -- Mortgage Prepayment and Default Behavior with Embedded Forward Contract Risks in China’s Housing Market

Shanzi Ke, Hunan University, Ming He, Hunan University, Yan Song, University of North Carolina-Chapel Hill -- The Determinants of Urban Land Price in the Newly Formed Markets —A Cross Sectional Analysis of Chinese Cities

Jianping Mei, Cheung Kong Graduate School of Business, Yinxue Chao -- Valuation of Real Estate Stocks in the China Equity Market

Discussants:Dr. Gary Painter, University of Southern California
Dr. Man Cho, Fannie Mae
Mr. Simon Firestone, University of California- Berkeley
Dr. Kerry Vandell, University of California-Irvine

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   John M Quigley, University of California
Professor
University of California
Department of Economics
2607 Hearst/#7320
Berkeley, CA 94720-7320
Tele: (510) 643-7411   Fax: (510) 643-9657
Email: quigley@econ.berkeley.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Market Dynamics
 
Presiding:Morris Davis, University of Wisconsin

Stuart Gabriel, University of California at Los Angeles, Christian L. Redfearn, University of Southern California, Richard K Green, The George Washington University -- Fundamentals, Financial Innovations, & Constraints: A Taxonomy of Metropolitan House Price Dynamics

Zhenguo Lin, Fannie Mae, Andre H Gao, Fannie Mae, Chionglong Kuo, Fannie Mae, Fangzhou Carrie Na, Fannie Mae -- Housing Market Dynamics: Fundamental Price, Overvaluation, Mean Reverting, and Downward Rigidity

Nancy E. Wallace, University of California-Berkeley, Donald Walls, Fisher Center for Real Estate and Urban Economics -- The Dynamics of Job Creation and Destruction over the Size Distribution of Cities

Norman Miller, University of Cincinnati, Liang Peng, University of Colorado at Boulder -- Time Varying Trading Volume and the Economic Impact of the Housing Market

Discussants:Dr. Marco Del Negro, New York Federal Reserve Board
Dr. Paul Willen, Federal Reserve Bank of Boston
Dr. Iourii Manovskii, University of Pennsylvania
Dr. Toni Whited, University of Wisconsin

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Morris Davis, University of Wisconsin
Assistant Professor
University of Wisconsin
School of Business
5621 Grainger Hall
975 University Avenue
Madison, WI 53706
Tele: (608) 262-8775   Fax: (608) 265-2738
Email: mdavis@bus.wisc.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Market Empirics
 
Presiding:Mark Andrew, Cass Business School

Thomas Davidoff, UC Berkeley -- As the Nation's Multifamily Goes, So Goes Manhattan: Are Tightening Local Regulations Really to Blame for Reduced Coastal Housing Supply?

John Benjamin, American University, Peter Chinloy, American University, William Hardin III -- Clientele Effects and Condo Conversions

Albert Saiz, University of Pennsylvania -- Immigrant Inflows, Native Mobility, and Housing Supply Elasticity

Vincent Yao, Fannie Mae, Len Lin, Eric Rosebblatt -- Spillover Effects of Foreclosure on Neighborhood Properties

Discussants:Dr. Tien Sing, National University of Singapore
Dr. Victor Calanog, The Wharton School of The University of Pennsylvania
Dr. Douglas Krupka, IZA
Dr. David Brasington, Louisiana State University

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Mark Andrew, Cass Business School
Senior Lecturer in Real Estate Finance and Investm
Cass Business School
Faculty of Finance
Faculty of Finance, Cass Business School, City Uni
106 Bunhill Row
London, 0 EC1 8TZ   United Kingdom

Tele: 44(0)2070405270   Fax: 44(0)207040881
Email: mark.andrew.1@city.ac.uk

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Market Theory
 
Presiding:Robert H. Edelstein, University of California at Berkeley

James Follain, James R. Follain LLC, Seth Giertz, Congressional Budget Office -- A Panel Study of House Prices, Employment, and the Interest Rates

Paul Anglin, University of Guelph -- An empirical study of local dynamics and contagion in real estate markets

Danny Ben-Shahar, Technion - Israel Institute of Technology, Eyal Sulganik -- How Do We Determine Which Housing Market Allows for Greater Mobility?

Lu Han, University of Toronto -- The Volatility Feedback Effects in Housing Markets

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Robert H. Edelstein, University of California at Berkeley
Professor/Co-Chairman
University of California at Berkeley
Fisher Center for R/E & Urban Economics
Haas Sch. Bus. 602 Faculty Bld. 6105
Berkeley, CA 94720-6105
Tele: (510) 643-6105   Fax: (510) 643-7357
Email: EDELSTEI@HAAS.BERKELEY.EDU

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Policy
 
Presiding:Edgar O Olsen, University of Virginia

John E Anderson, University of Nebraska, Jeffrey Clemens, Harvard University, Andrew Hanson, Syracuse University -- Capping the Mortgage Interest Deduction

Joseph T.L. Ooi, National University of Singapore, C.F. Sirmans, University of Connecticut, Geoffrey K. Turnbull, Georgia State University -- Government Supply of Land in a Dual Market

Christopher R Cunningham, Federal Reserve Bank of Atlanta, Gary V Engelhardt, Syracuse University -- Housing Mobility and TRA97

Shaun A Bond, University of Cambridge, Ben Gardiner, Cambridge Econometrics, Peter Tyler, University of Cambridge -- Tax Incidence and Commercial Real Estate Leases

Discussants:Dr. Tracy Turner, Kansas State University
Dr. Thomas Davidoff, UC Berkeley
Dr. David Frame, Baruch College/CUNY
Dr. David Ling, University of Florida

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Edgar O Olsen, University of Virginia
Professor
University of Virginia
Department of Economics
PO Box 400182
Charlottesville, VA 22904-4182
Tele: (434) 924-3443   Fax: (434) 924-7659
Email: EOO@VIRGINIA.EDU

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing Search
 
Presiding:Abdullah Yavas, Pennsylvania State University

William C. Wheaton, MIT, Nai Jia Lee, MIT -- Do Housing Sales Drive Housing Prices or the Converse?

Jun Zhang, The Chinese University of Hong Kong, Charles Ka Yui Leung, City University Of Hong Kong -- Housing Markets with Competitive Search

Donald R. Haurin, Ohio State University, Jessica L. Haurin, Stanford, Taylor Nadauld, Ohio State, Anthony Sanders, Ohio State University -- List Prices, Sale Prices, and Marketing Time

Poh Har Neo, National University of Singapore, Seow Eng Ong, National University of Singapore, Tsur Sommerville, University of British Columbia -- Loss Aversion and Repeated Market Environment

Discussants:Dr. Yildiray Yildirim, Syracuse University
Dr. Ping Wang, Vanderbilt University
Dr. Paul Anglin, University of Guelph
Dr. Daniel Quan, Cornell University

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Abdullah Yavas, Pennsylvania State University
Professor of Business Administration
Pennsylvania State University
College of Business
381 Business Building
University Park, PA 16802
Tele: (814) 865-0392   Fax: (814) 865-6284
Email: ayavas@psu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Housing the Elderly
 
Presiding:Peter Chinloy, American University

Martin Farnham, University of Victoria, Purvi Sevak, Hunter College -- Housing Wealth and Retirement Timing

Todd Sinai, University of Pennsylvania, Nicholas Souleles, University of Pennsylvania -- Net Worth and Housing Equity in Retirement

Zhenguo Lin, Fannie Mae, Yingchun Liu, Fannie Mae, Vincent Yao, Fannie Mae -- Ownership Restriction and Housing Value: Evidence from American Housing Survey

Gary Dean Painter, University of Southern California, Kwan Oh Lee, University of Southern California -- Why do Elderly Homeowners Become Renters? Life Cycle and Demographic Transitions

Discussants:Dr. Isaac Megbolugbe, Johns Hopkins University
Dr. Man Cho, Fannie Mae
Dr. William Hardin, Florida International University
Dr. Scott Susin, U.S. Census Bureau

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Peter Chinloy, American University
Professor
American University
Finance and Real Estate
6506 Ursline Court
McLean, VA 22101
Tele: (202) 885-1951   Fax: (202) 885-1332
Email: chinloy@american.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Market & Liquidity
 
Presiding:Jim Clayton, Pension Real Estate Association

James D. Shilling, DePaul University, Yuichiro Kawaguchi, Waseda University, J Sa-Aadu, University of Iowa -- Do Changes in Illiquidity Affect Investors' Expectations? An Analysis of the Commercial Property Returns

Jim Clayton, Pension Real Estate Association, Gianluca Marcato, University of Reading Business School, Charles Ward, University of Reading -- Liquidity Estimation and Non-Linear Functional Form

James D. Shilling, DePaul University, Tien Foo Sing, National University of Singapore -- Market structure of real estate firms

Jim Clayton, Pension Real Estate Association, David C. Ling, University of Florida, Andy Naranjo, University of Florida -- Real Estate Capital Flows, Investor Sentiment, and Asset Pricing

Discussants:Dr. Shaun Bond, University of Cambridge
Dr. TBD
Dr. TBD
Dr. Tobias Muhlhofer, University of Texas at Austin

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Jim Clayton, Pension Real Estate Association
Director of Research
Pension Real Estate Association
100 Pearl Street, 13th Floor
Hartford, CT 06103
Tele: (860) 692-6341   Fax: (860) 692-6351
Email: jim@prea.org

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Mortgage Pricing
 
Presiding:Frank E Nothaft, Freddie Mac

Barbara A Bukhvalova, Norwegian School of Management (BI) -- Competitive Risk Premiums, Monitoring Costs and Lifetime Utility Maximization

Paul Calem, Freddie Mac, Simon Firestone, Freddie Mac -- Credit Constraints and Homeownership

James Ian Vickery, Federal Reserve Bank of New York -- How Do Financial Frictions Shape the Product Market? Evidence from Mortgage Originations

Andrea J. Heuson, University of Miami -- Mortgage Market Conditioning Variables and the Underwriting Spreads Faced by GSEs

Discussants:

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Frank E Nothaft, Freddie Mac
Chief Economist
Freddie Mac
8200 Jones Branch Drive
McLean, VA 22102-3110
Tele: (703) 903-2350   Fax: (703) 903-4077
Email: frank_nothaft@freddiemac.com

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Mortgage Risk Valuation
 
Presiding:James R Follain, James R. Follain LLC

Man Cho, The KDI School (Seoul, Korea)/Johns Hopkins University, Christian deRitis, Fannie Mae, Eric Rosenblatt -- Appraisal Bias and Loan Performance: New Evidences

James Follain, James R. Follain LLC, Mike Sklarz, New City Technology LLC -- Evaluating Mortgage Performance with Public Records Data: Why, What, and How

Raphael Bostic, University of Southern California, Kathleen Engel, Cleveland State University, Patricia McCoy, University of Connecticut, Anthony Pennington-Cross, Marquette University -- State and Local Anti-Predatory Lending Laws: The Effects of Assignee Liability and Legal Remedies

Kerry D Vandell, University of California-Irvine -- Subprime Lending and the Housing Bubble: Tail Wags Dog?

Discussants:Dr. Tyler Yang, IFE Group
Dr. Mark Beardsell, Citigroup
Dr. Karen Pence, Federal Reserve Board of Governors
Dr. Jesse Abraham, Wells Fargo Home Mortgage

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   James R Follain, James R. Follain LLC
Consultant
James R. Follain LLC
1810 Union St
Niskayuna, NY 12309
Tele: 518-280-6397
Tele: 518-280-6397
Email: jfollain@nycap.rr.com

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Neighborhoods & Gentrification
 
Presiding:Daniel P McMillen, University of Illinois at Chicago

Stuart S Rosenthal, Syracuse University, Stuart A Gabriel, University of California, Los Angeles -- GSE Loan Purchases in Targeted Underserved Neighborhoods: Crowd Out or Market Completing

George Galster, Wayne State University, Peter Tatian, Urban Institute -- Predictive Model of Neighborhood Gentrification

Paul Carrillo, George Washington University, Anthony Yezer, George Washington University -- The Homeownership Rate Gap Across Segregated Neighborhoods

Gary V Engelhardt, Syracuse University, Michael Eriksen, Syracuse University -- What Are the Social Benefits of Home Ownership for the Poor? Evidence from a Field Experiment

Discussants:Mr. Jeffrey Zabel, Tufts University
Dr. stephen sheppard, Williams College
Dr. Nathan Anderson, University of Illinois at Chicago
Dr. Edward Coulson, Pennsylvania State University

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Daniel P McMillen, University of Illinois at Chicago
Professor
University of Illinois at Chicago
Economics (MC144)
601 S. Morgan Street
Chicago, IL 60607-7124
Tele: (312) 413-2100   Fax: (312) 996-3344
Email: mcmillen@uic.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Real Estate Derivatives
 
Presiding:Brent W Ambrose, Pennsylvania State University

Peter (Peng) Liu, University of California, Berkeley -- A Simple Model of Hedging on Forward Contracts of Real Estates

Patrick Paul Lecomte, University Of Cincinnati -- Beyond Index-Based Hedging: Can Real Estate trigger a New Breed of Derivatives Market?

Yongheng Deng, University of Southern California, John Quigley, University of California -- Index Revision, House Price Risk, and the Market for House Price Derivatives

Jefferson Duarte, University of Washington, Douglas McManus -- Residential Mortgage Credit Derivatives

Discussants:Dr. Barbara Bukhvalova, Norwegian School of Management, bi
Dr. Gianluca Marcato, University of Reading Business School
Dr. David Feldman, Ben-Gurion University of the Negev
Dr. Richard Buttimer, University of North Carolina-Charlotte

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Brent W Ambrose, Pennsylvania State University
Jeffrey L & Cindy M King Fellow
Pennsylvania State University
The Smeal College of Business
368 Business Building
University Park, PA 16802
Tele: (814) 867-0066   Fax: (814) 865-6284
Email: bwa10@psu.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Real Estate Price Indexes
 
Presiding:Henry J. Munneke, University of Georgia

Paul Carrillo, George Washington University, Dirk W. Early, Southwestern University, Edgar Olsen, University of Virginia -- A New Geographical Housing Price Index for All Areas in the United States

R. Kelley Pace, Louisian State University, James P. LeSage, Texas State University - San Marcos -- Interpreting Spatial Econometric Models

Michio Naoi, Keio University, MIki Seko, Keio University, Kazuto Sumita, Kanazawa Seiryo University -- Regional Life Quality Differences in Japan:Analysis of Housing and Labor Markets with Earthquake Risks

Liang Peng, University of Colorado at Boulder -- Repeat Sales Regression on Heterogeneous Properties

Discussants:Dr. Richard Green, The George Washington University
Dr. Haibo Huang, Property & Portfolio Research, Inc.
Dr. TBD
Dr. John Clapp, University of Connecticut

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Henry J. Munneke, University of Georgia
Professor
University of Georgia
Department of Real Estate
Athens, GA 30602-6255
Tele: (706) 542-0496   Fax: (706) 542-4295
Email: hmunneke@terry.uga.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: REITs
 
Presiding:Bradford Case, National Association of Real Estate Investment Trusts

Tobias Mühlhofer, University of Texas at Austin, Jay C Hartzell, University of Texas - Austin, Sheridan Titman, University of Texas -- Alternative Benchmarks for Evaluating REIT Mutual Fund Performance

Walter I Boudry, UNC Chapel Hill, Jarl G Kallberg, Thunderbird School of Global Management., Crocker H Liu, Arizona State University -- An Analysis of REIT Security Issuance Decisions

Peter (Peng) Liu, University of California, Berkeley, Robert Edelstein, University of California at Berkeley, Desmond Tsang, McGill University -- Can Investors Profit from Voluntary Accounting Information?

Russell M Price, Howard University, Brad Case, NAREIT -- NAV, Investor Sentiment and Risk: The Case of REITs

Discussants:Dr. Liang Peng, University of Colorado at Boulder
Dr. Brent Ambrose, Pennsylvania State University
Dr. David Downs, Virginia Commonwealth University
Dr. Bob Connolly, University of North Carolina

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Bradford Case, National Association of Real Estate Investment Trusts
Vice President, Research & Industry Information
National Association of Real Estate Investment Trusts
1875 I Street, N.W., Suite 600
Washington, DC 20006-5413
Tele: (202) 739-9418   Fax: (202) 739-9449
Email: bcase@nareit.com

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:   January 5, 2008                                            
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: REITS & Investment
 
Presiding:J Sa-Aadu, University of Iowa

Michael J. Highfield CFA, Mississippi State University, Kenneth D. Roskelley, University of Arizona, Dennis F. Steele CPA, Mississippi State University -- Can Secondary Market Investors Profit from REIT IPOs?

Erasmo Giambona, University of Amsterdam -- Compounding Biases in the CRSP/Ziman Real Estate Database: Implications for Performance Measurement

Richard Chung, The Hong Kong Polytechnic University, Scott Fung, California State University, East Bay, James D. Shilling, DePaul University, Tammie X. Simmons-Mosley, California State University - East Bay -- The Role of Institutional Investors in Real Estate: Theory and Empirical Evidence

Tobias Mühlhofer, University of Texas at Austin -- They Would if They Could: Assessing the Bindingness of the Property Holding Constraints for REITs

Kathy Hung, California State University, East Bay, Zhan Onayev, State Street Global Advisors, Charles Tu, University of San Diego -- Time-Varying Diversification Effect of Real Estate in Institutional Portfolios: When Alternative Assets Are Considered

Discussants:Dr. Seow-Eng Ong, National University of Singapore
Dr. Jay Hartzell, University of Texas - Austin
Dr. Nuray Guner, Middle East Technical University
Dr. Walter Boudry, UNC Chapel Hill
Dr. Crocker Liu, Arizona State University

Date:   January 5, 2008    Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   J Sa-Aadu, University of Iowa
Full Professor
University of Iowa
College of Business Administration
Department of Finance, Suite S252 PBAB
Iowa City, IA 52242-1000
Tele: (319) 335-0930   Fax: (319) 335-3690
Email: jsa-aadu@uiowa.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Topics in Housing Economics
 
Presiding:Amy S Bogdon, Federal Housing Finance Board

Charles Ka Yui Leung, City University Of Hong Kong, Patrick Cheung, City University Of Hong Kong -- Do Relationships Change After a Crisis? The Case of a Housing Market

Donald R. Haurin, Ohio State University, David M Brasington, Louisiana State University -- Parents, Peers, or School Inputs: Which Components of School Outcomes Are Capitalized into House Value?

Geoffrey K. Turnbull, Georgia State University, Velma Zahirovic-Herbert, University of Georgia -- Public School Reform in Baton Rouge: What Signals Quality to Homebuyers?

Lynn M Fisher, Massachusetts Institute of Technology -- The Selection of Developer Permit Applications for Litigation: Asymmetric Information and Entitlements

Discussants:Dr. Anupam Nanda, National Association of Home Builders
Dr. Amy Ellen Schwartz, New York University
Dr. Richard Martin, University of Georgia
Dr. Jenny Schuetz, New York University

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Amy S Bogdon, Federal Housing Finance Board
Federal Housing Finance Board
Office of Supervision
1625 Eye St., NW
Washington, DC 20006
Tele: (202) 408-2546
Tele: (202) 408-2546
Email: bogdona@fhfb.gov

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203
, January 4- 6, 2008, New Orleans


Day:               Sat                                                                   Date:                                              
Room:                                                                                                                        

Association:            American Real Estate and Urban Economics Association                                          

Session Title: Urban Areas
 
Presiding:Janet Kohlhase, University of Houston

Morris Davis, University of Wisconsin, Francois Ortalo-Magne, University of Wisconsin -- Amenities as TFP and the Factor of Four

Joel A. Elvery, Bureau of Labor Statistics -- City Size and Skill Intensity

Yan Chang, Freddie Mac, Nela Richardson, Freddie Mac -- Determinants of Equity Extraction

Stuart S Rosenthal, Syracuse University, William C Strange, University of Toronto -- Female Entrepreneurship, Agglomeration, and a New Spatial MisMatch

Discussants:Dr. Elena Safirova, Resources for the Future
Dr. Albert Saiz, University of Pennsylvania
Dr. Nancy Wallace, University of California-Berkeley
Mr. John Quigley, University of California

Date:       Time:    12:00 AM       Expected Attendance:                      

 

Presiding:   Janet Kohlhase, University of Houston
Associate Professor
University of Houston
Department of Economics
204 McElhinney Hall
Houston, TX 77204-5019
Tele: (713) 743-3799   Fax: (713) 743-3798
Email: jkohlhase@uh.edu

 

Changes and corrections to the program should be sent to: Violet O. Sikes, American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203