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Full-Text Articles in Real Estate

Variations In Dropout Rates Across Virginia, Joshua K. Bowser Dec 2006

Variations In Dropout Rates Across Virginia, Joshua K. Bowser

Undergraduate Theses and Capstone Projects

Using Ordinary Least Squares (OLS) regression analysis, this study attempts to capture variation in dropout rates across Virginia counties and cities. With the respective dropout rates as the dependent variable, seven independent variables are used accordingly in order to provide as much explanatory power as possible. At the 10 percent significance level, four of seven variables are statistically significant with an adjusted R2 of .374. Important policy implications can be derived from the model and its statistically significant variables. The model finds that the percentage of blacks in the population, university access, the unemployment rate and single female-headed households to …


Strategic Exercise Of Options On Non-Traded Assets And Stochastic Volatility In An Incomplete Market: Indifference Pricing And Entropy Methods, Singru Hoe Jul 2006

Strategic Exercise Of Options On Non-Traded Assets And Stochastic Volatility In An Incomplete Market: Indifference Pricing And Entropy Methods, Singru Hoe

Finance and Real Estate Dissertations

The first study explores optimal investment policies for strategic option exercise when the underlying project is not traded. A duopoly model captures strategic interactions, while a partial spanning asset models market incompleteness. The option value to invest is obtained through indifference pricing, i.e., certainty equivalent value. I find that incompleteness narrows the gap between leader and follower entry dates. The follower enters much sooner, and the leader delays slightly compared to classic real options models. Modeling investment income stream as an Arithmetic Brownian motion is a better fit than Geometric Brownian motion, while reducing the necessary numerical approximations for obtaining …


Housing Price Determinants In The Lynchburg, Virginia Area, Benjamin L. Ferguson Apr 2006

Housing Price Determinants In The Lynchburg, Virginia Area, Benjamin L. Ferguson

Undergraduate Theses and Capstone Projects

The effect of certain variables on the price of a house is a subject that has been very widely studied. This paper attempts to generate a pricing model for houses in the Lynchburg VA, area using the physical characteristics of a home and other locational variables. The model will attempt to create a representation of the housing price equation for the market in the area. The results of the equation will allow the ability to predict future housing prices in the market, given certain physical and locational values that are similar for the area. 3


An Analysis Of Usaf Aircraft Noise And Hedonic Property Values, Melissa R. Johnson Mar 2006

An Analysis Of Usaf Aircraft Noise And Hedonic Property Values, Melissa R. Johnson

Theses and Dissertations

The primary purpose of the research was to evaluate whether there was a significant difference in housing values of those affected by the noise of USAF aircraft. The secondary purpose was to evaluate whether there was a significant difference in housing values located near USAF bases with and without aircraft noise and to evaluate whether type of aircraft changed the results created by the aircraft noise. This research effort found that homes located within the 65 dB DNL contour of US Air Force installations showed a significant negative impact due to the presence of aircraft noise when studied with the …


Minimizing Market Duration: The Strategic Selection Of The Listing Brokerage Firm, David L. Ellis Jr. Jan 2006

Minimizing Market Duration: The Strategic Selection Of The Listing Brokerage Firm, David L. Ellis Jr.

Theses & Honors Papers

Approximately five million homes are sold each year with every seller having similar objectives; to minimize the duration of the marketing period while simultaneously maximizing sales price. Once the decision to sell has been made, individuals are faced with the dilemma of marketing and selling the property themselves or acquiring the services of a real estate professional to assist in the sale of their property. It is logical to speculate that homeowners wishing to acquire the services of a real estate broker or salesperson will desire to select a salesperson that can help achieve the optimization objective of minimizing time …