IDEAS home Printed from https://ideas.repec.org/a/bla/reesec/v16y1988i2p95-104.html
   My bibliography  Save this article

The Real Estate Pricing Puzzle

Author

Listed:
  • Kenneth M. Lusht

Abstract

The state‐of‐the‐art with respect to pricing real estate is similar to that with respect to pricing securities just prior to the development of the CAPM. Reading the entrails of real estate markets, however, has proven a formidable task, and the problem is not limited to inadequate data. Perhaps the most important lesson to date is that available pricing models are not up to the task.

Suggested Citation

  • Kenneth M. Lusht, 1988. "The Real Estate Pricing Puzzle," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(2), pages 95-104, June.
  • Handle: RePEc:bla:reesec:v:16:y:1988:i:2:p:95-104
    DOI: 10.1111/1540-6229.00448
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1540-6229.00448
    Download Restriction: no

    File URL: https://libkey.io/10.1111/1540-6229.00448?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michael J. Sullivan & Steven M. Cassidy & Charles M. Ermer, 1991. "A Note on the Effect of Transactions Costs on Real Estate Investment Return," Journal of Real Estate Research, American Real Estate Society, vol. 6(1), pages 113-117.
    2. Patric H. Hendershott & Thomas G. Thibodeau & Halbert C. Smith, 2009. "Evolution of the American Real Estate and Urban Economics Association1," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(4), pages 559-598, December.
    3. David Geltner, 1989. "Estimating Real Estate's Systematic Risk from Aggregate Level Appraisal‐Based Returns," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(4), pages 463-481, December.
    4. Brzezicka Justyna & Łaszek Jacek & Olszewski Krzysztof, 2019. "An Analysis of the Relationships Between Domestic Real Estate Markets – A Systemic Approach," Real Estate Management and Valuation, Sciendo, vol. 27(1), pages 79-91, March.
    5. Shiha, Amr N. & Chavas, Jean-Paul, 1992. "Capital Market Segmentation and US Farm Real Estate Pricing: A Study of the Effects of Barriers to Nonfarm Equity Capital in Agriculture," Staff Papers 200559, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:reesec:v:16:y:1988:i:2:p:95-104. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/areueea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/areueea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.