Real Estate Commons^™

Home Buying : A Contemporary Study Of House Buyers In Klang Valley, Ching Ching Ngu

Student Works (2000-2009)

The recent economic slowdown has posted greater challenges to the developers. Likewise, general consumer sentiment towards the housing market is bullish and the new residential development would further increase the residential stock in the country. The challenges for developers are to produce the kind of houses that meet the buyer's demand by studying the market first before embarking on any project. Therefore, the objectives of this study are as followings:

• To identify factors that influence house buyers in their choice of house;

• To study the housing needs of the house buyers;

• To examine the search behaviour of …

Housing Industry : Problems And Prospects, Hoong Jun Lim

Student Works (2000-2009)

The economic downturn in the mid-1997 had definitely affected the housing industry. The oversupply especially in the commercial sector had affected many developers and financial institutions. Non-Performance-Loans had soared up. Housing projects delayed in completion, and worst, abandoned. Of course, oversupply is only one major problem facing the housing industry. On the other hand, the problem of low-cost housing for the poor, striving hard by both the private and the public sectors, only ended up never enough to meet the demands. Sometimes, there is no demand because of wrong locality (mismatch). During the 6th Malaysia Plan (1991-1995), only about 75 …

Pentadbiran Dan Pembangunan Harta Wakaf Di Negeri Melaka, Sayuti Abd. Ghani

Student Works (2000-2009)

In Islamic history, wakaf institution plays a viral role in building strong Islamic economy. However, lately wakaf institution is not being seen anymore as an institution that can solve economic problems of the Muslim society. This is due to unprofessional handling of wakaf properties where a lot of wakaf lands are being left undeveloped even though they are in a very strategic area. From the above statements, this dissertation will look in detail at the wakaf system in Islamic law as being provided in the al-Quran and Hadith and also from fiqh literature. This research also focuses on organisation and …

An Analysis Of The Cross Section Of Returns For Ereits Using A Varying-Risk Beta Model, C. Mitchell Conover, H. Swint Friday, Shelly W. Howton

Finance Faculty Publications

A dual-beta asset pricing model is employed to examine the cross-section of realized equity real estate investment trust (EREIT) returns over bull and bear markets. No significant relationship is found between EREIT returns and a constant beta. However, beta explains cross-sectional returns when betas are allowed to vary across bull markets. This positive relationship exists for both January and non-January months. During bear-market months, no significant relationship is found between REIT betas and returns. But, during such months, size and book-to-market ratio are found to be negatively related to returns.

How Do Information And Communication Technologies Reshape Work? Evidence Form The Residential Real Estate Industry, Kevin Crowston, Steve Sawyer, Rolf Wigand, Marcel Allbritton

School of Information Studies - Faculty Scholarship

We are exploring how ICT use affects the work lives of real estate agents, the process of selling/buying houses and the overall structure of the residential real estate industry. Earlier stages of our work involved intensive field research on how real estate agents use ICT. In this paper, we report on the design and analysis of a pilot survey of 868 agents intended to investigate their ICT use more generally. Analysis of the 153 responses to this survey sheds light on how ICT use supports information control, enables process support, and helps agents to extend and maintain their social capital.

An Optimal Incentive System For Real Estate Agents, Timothy E. Jares, James E. Larsen, Thomas S. Zorn

Department of Finance: Faculty Publications

This article presents an alternative system for selling real estate. It overcomes the well-known deficiencies of the percentage commission system. In our system, the agent purchases the property from the seller and simultaneously receives a put option. The put option gives the agent the right to put the property back to the original owner. It is shown that this system has many of the desirable properties of a dealer system, while avoiding some of the problems that are inherent in that system.

The Cleveland Charrette On Sustainable Urban Environments: Elevating The Stature Of Urban Redevelopment, Thomas Bier, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

The main focus of this charrette -- the stature of urban redevelopment relative to suburban "greenfield" development -- was epitomized by two Cleveland-area newspaper items (see Appendix A). One item announced an $850,000 federal grant to a suburb located at the rural fringe of the Cleveland metropolitan area. The grant from the Economic Development Administration of the U.S. Department of Commerce was for construction of a road that would open 250 acres of virgin land for industrial development.

Charles E. Cone Realty Company Records, Zach S. Henderson Library Special Collections

Finding Aids

The collection consists of the Charles E. Cone Realty Company records from 1926 to 1957 the bulk of which cover the post-war period under ownership of Robert Moore Benson. Materials include correspondence, real estate agreements, plats, and maps of Statesboro, Georgia. Additional documents pertaining to the Charles E. Cone Insurance Company and the Benson Insurance Company are also included which contain information about rates, community committees, and soil conservation regions.

Find this collection in the University Libraries' catalog.

The Impact Of Interest Rates And Share Market Performance On Klang Valley Property Prices : A Comparative Case Study, Chun Sing Yeo

Student Works (2000-2009)

This study is an attempt to determine the impact of some major aspect of interest (increase I decrease) and stock market (bull/ bear) on property prices at Klang Valley. Firstly, Malaysia has been witnessing an interesting debate over the issue of interest rates. Malaysian borrowers are paying 15 to 18 per cent per annum during the Asian Financial crisis cum stock market collapse. Prior to crisis, they were paying between 9 to 12 percent per annum. Secondly, the collapse of KLSE stock market .The KLSE suffered severe declines, as the composite index plunged from 1271.25 points on 25 February 1997 …

A Case Study On Strategies Adopted By A Medium Sized Property Development Company In Response To The Economic Crisis In 1997-1998, Thin Choy Woo

Student Works (2000-2009)

Epic is one way of describing Asia's economic development over the past decades. The once poverty stricken Asian countries metamorphosed into world class producers and dynamic markets. However, equally epic was the fall. In one almighty crash, the once mighty Asian economies toppled over as the next millennium grew closer. The prides, the hopes and the expectations buijt up by all those years of prosperity lay in shambles amid the accusatory pointing by critics who variously attributed the crisis to greed, over expansion, fiscal imprudence, corruption and deteriorating Asian values. It seemed that in the last two years, Asia could …

A Study On Consumer Satisfaction Towards Housing : A Study Of Pkns House Buyers, Norita Mohd Sidek

Student Works (2000-2009)

PKNS is an active housing developer in the Selangor State. As a responsible developer who wants to remain competitive and relevant, PKNS is very much concerned about the level of their customers' satisfaction. The objective of this study is to identify the attributes that the potential house owners consider important and to determine the satisfaction level of PKNS house owners. Mowen and Minor's (1998) Expectancy Disconfirmation Model of Customer Satisfaction and Dissatisfaction was used as a basis for this study. Primary data was collected by quota sampling from PKNS's house buyers in Shah Alam and Kota Damansara. Three main issues …

Target Marketing Can Help Attract City Residents, Robert E. Lang, James W. Hughes, Karen A. Danielsen

Public Policy and Leadership Faculty Research

While suburban growth continues, city living is regaining popularity. It is common knowledge that urban neighborhoods often attract young, single professionals, but a more precise identification of potential city dwellers could help cities understand and develop their comparative advantages. Now, perhaps more than ever, cities need to know which people want to live in them and how their vision of urban life may be accommodated by public policy.

/="/">A common concern expressed among urban mayors is that the quality of their city services, especially schools, stacks up poorly against that of most suburbs. Improving public education is often cited …

Hong Kong And Singapore, Sock Yong Phang

Research Collection School Of Economics

There are many similarities between Hong Kong and Singapore. They have both enjoyed high rates of economic growth over the past three decades, averaging six percent a year in real terms. The two have become known as “East Asian Tigers,” having made the transition from poverty to newly industrialized economies in a relatively short time. Both started off as British colonies, with British legal and administrative systems, and made their living as trading ports serving their respective regions. Singapore has been an independent republic since 1965; Hong Kong was returned to China on July 1, 1997. While Hong Kong and …

Real Estate War In Cyberspace: An Emerging Electronic Market?, Kevin Crowston, Rolf T. Wigand

School of Information Studies - Faculty Scholarship

In this paper, we explore how electronic commerce, the World-Wide Web in particular, is affecting the real estate industry. Real estate is a promising setting for studying electronic commerce because it is an information-intensive and information-driven industry; transaction based, with high value and asset-specificity; with many market-intermediaries (agents and brokers who connect buyers and sellers rather than buying or selling themselves); and experiencing on-going information technology (IT) related changes. We analyze a real estate transaction to suggest where IT might change the process of buying or selling a house and discuss several current ventures in this area. This analysis suggests …

The Secondary Retail Market - A Viable Option?, Elaine Murphy

Masters

The secondary retail market in Dublin has dramatically altered over the last four years. Indeed, the entire retail market in Dublin and countryside has witnessed a substantial upsurge in activity over the last four years. On Grafton Street retail Zone A rents are breaking £2,153 per square metre (£200 per square foot) barrier and premiums are in the region of £300,000 -£400,000. There is currently a shortage of good retail investment opportunities on Grafton Street, which is leading investors to turn to Dublin’s other prime street, Henry Street. Over the last year Zone A rents on Henry Street have increased …

What Does Smart Growth Mean For Housing?, Karen A. Danielsen, Robert E. Lang, William Fulton

Public Policy and Leadership Faculty Research

Barely noticed amid the returns from the 1998 midterm elections was a quiet revolution that goes to the heart of how and where Americans live. While most news accounts focused on the high-profile candidate elections, voters across the nation-in Democratic and Republican areas alike-approved more than 160 state and local ballot measures intended to preserve open space and limit urban sprawl.

The coalition forming around the idea of limiting sprawl includes environmentalists, farmers, big-city mayors, and some developers. But perhaps most important, the so-called "smart growth" movement also includes many suburban voters who are fed up with growth. For example, …

The Ins And Outs Of The Land Game: An Analysis Of The Status And Methods Of The Baton Rouge Real Estate Market, J Granger Harriss Iv

Honors Capstones

No abstract provided.

The Relationship Between Size And Return For Foreign Real Estate Investments, C. Mitchell Conover, H. Swint Friday, Shelly W. Howton

Finance Faculty Publications

In this study, we utilize a relatively new database to examine whether small foreign real estate firms have higher returns than large foreign real estate firms. We examine this issue from the perspective of a U.S. investor who forms portfolios of international real estate firms on the basis of U.S. dollar market value of equity. Using eleven years of foreign real estate data for more than 1200 observations in twenty countries, we find that large firms have higher returns and lower risk than small firms. These results hold when returns are denominated in either local currency or dollars. Further, the …

Sellers Of Cleveland Homes, 1988-1996 1998, Thomas Bier, Charles Post, Winifred J. Weizer

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Maine Guide To Energy Efficient Residential Construction : A Manual Of Accepted Practices, State Of Maine Energy Conservation Division

Maine Collection

Maine Guide to Energy Efficient Residential Construction : A Manual of Accepted Practices

State of Maine Energy Conservation Division, Department of Economic and Community Development, 59 State House Station, Augusta, Maine 04333-0059

Second Edition - November, 1997

Contents: Dedication / Acknowledgements / Introduction / Part 1. Summary of Maine's Residential Energy Standards / Part 2. Siting and Initial Design Considerations / Part 3. Important Considerations for the Design Phase / Part 4. Recommended Construction Practices / Appendixes

Effect Of Foreclosure Status On Residential Selling Price: Comment, Thomas M. Carroll, Terrence M. Clauretie, Helen R. Neill

Public Policy and Leadership Faculty Research

In this comment we examine the conclusion by Forgey, Rutherford and VanBuskirk (1994) “that the foreclosed properties sold at a 23% discount,” using a sample of nearly 2,000 residential property sales from the Las Vagas, Nevada area. We found that when not controlling for location with a set of dummy variables for zip codes, HUD foreclosed properties sold for between 12.18% and 13.96% below a random sample of properties not within one block of foreclosed properties. When controlling for location, using a set of thirty-one dummy variables for zip codes, the foreclosure discount fell to between 8.45% and 9.72%. When …

Public Policy And "Rural Sprawl": Lessons From Northeast Ohio, Patricia Burgess, Thomas Bier

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

The Relationship Between Machiavellianism, Self-Monitoring, And Adaptiveness To The Performance Of Real Estate Sales Professionals, Dianne Broman Eppler

Theses and Dissertations in Business Administration

The focus of sales management is on insuring the success of the corporation by selling its goods or services. The most significant impact on the firm's success is the ability of the sales force to perform. Research to determine what makes a successful salesperson is extensive; however, the results are inconsistent and disappointing. In light of the significant financial impact the sales force has on the firm, additional research that identifies determinants of sales success is necessary.

The purpose of this dissertation was to examine the relationships between personal characteristics and sales performance. Specifically, Machiavellianism, self-monitoring, and adaptiveness were hypothesized …

Impact Of Hud Foreclosures On Housing Prices, Thomas Mike Carroll, Terrence M. Clauretie, Helen R. Neill, Cindy Jorgensen

Public Policy and Leadership Faculty Research

No abstract provided.

Successfully Investing In Renovation Real Estate, Linda J. Weaver

Theses

In order to successfully invest in real estate, investors must become the basics that govern real estate investments. It is important to become familiar with the target market and its upward and downward trends. Also, evaluation of the neighborhood area is imperative in order to determine the desirability of the overall area. The investment property itself also needs to be evaluated for marketability, potential repairs and resale. Once, these basic evaluations are performed, the cost analysis of investment and potential profitability must be reviewed. A combination of all of these items will enable an investor to make sound investment choices. …

Real Estate Development For Tourist Attractions, Daniel J. Dickman

Presidential Scholars Theses (1990 – 2006)

Real estate development has a profound impact on many aspects of our lives. It obviously determines the type of environment in which we live and work, but it has less obvious impacts as well. Whether a site is developed as a factory, townhouse, or amusement park will drastically change the appropriate uses of adjacent land, and hence affects the local economy. Developers must work as partners with government, business, and individuals alike to achieve optimal land use and maximize economic gain for the community.

Volumes may be written about development's economic influences. My thesis focuses, however, on development's influences on …

Mentoring Relationships In The Real Estate Industry: A Descriptive Analysis, Angela Jacqueline Sweeney

Masters Theses

Mentoring is an old phenomenon which dates back to ancient Greece. It has recently gained the attention of researchers in organizational and business settings. The study examines mentoring relationships in the real estate industry. The purpose of this study was to identify whether mentoring takes place in a particular occupation, specifically real estate, and to further investigate the functions and qualities of the mentoring relationships. Sixty-three questionnaires were distributed to local real estate agents. Twenty-seven were returned yielding a response rate of 42%. Six follow-up interviews were conducted to compliment the quantitative data from the questionnaire. Results indicated that 80% …

A Guide To State Appraiser Certification, Wayne Keith Wight

Theses

In August of 1989, President George Bush, signed into law the Financial Institutions Reform, Recovery and Enforcement Act of 1989. This legislation in response to a pervasive crises in the thrift industry contains a number of legislative reforms. Within this legislation, Title XI, the appraisal reform amendment, requires the use of licensed or certified real property appraisers for all real property appraisals involving federally related transactions or federal funds if the value of the property exceeds a specified limit.

All states, under this legislation, are required to pass appraisal licensing and certification legislation that provides appraiser qualification requirements and standards …

Central Bank Of Nigeria Statistical Bulletin, June 1991, Central Bank Of Nigeria

CBN Statistical Bulletin

The financial statistics section offers comprehensive data on various financial subsectors, including money and banking, financial markets, non-bank financial institutions, and public finance statistics. Key areas covered include data consolidation of commercial and merchant banks, liquidity ratios, cash reserves, loan/deposit ratios, and credit distribution. Clearing house statistics provide information on volume of transactions within the commercial banking system and the number and value of cheques cleared. Financial markets provide information on new issues, treasury securities, money market assets, Nigerian Stock Exchange (NSE) transactions, and government debt instruments. Public finance statistics include federal government revenue and expenditure, sources such as oil, …

Financing The Postwar Housing Boom In Phoenix And Los Angeles, 1945-1960, Lynne Doti, Larry Schweikart

Economics Faculty Articles and Research

This article compares the real estate markets in Los Angeles, CA to Phoenix, AZ.