The housing sector is the largest spot market in the world without a developed derivative
contract to serve the risk management needs of market participants. This paper describes …

Existing empirical evidence has frequently observed that professional forecasters are
conservative and display herding behaviour. Whilst a large number of papers have …

The importance of forecasts of the macroeconomy is assessed in the context of forecasts of
the real estate market in the United Kingdom. We compare and contrast the accuracy and …

We introduce a method that combines Euclidean distancing and OLS techniques to project
synthetic capitalization rate indices ('SCXs') for metropolitan statistical areas in the US. SCXs …

In this article, the authors argue that the development of commercial real estate derivatives is
not at a dead end but rather in a starting phase marked by the ambitious introduction of …

This study updates and expands upon the existing work on the accuracy of the IPF's
Consensus Forecasts. The paper evaluates the extent to which the consensus forecasts …

The continuous-time framework for option pricing leads to the very desirable property that a
continuous hedging strategy allows us to price options as if investors were risk neutral. But …

Real estate derivatives have the potential to stabilize one of the most influential risks present
in economies worldwide—real estate risk. Commercial and residential real estate represent …

The real estate investment management industry has been undergoing a process of change
over the last two decades. The market is far more transparent than it once was due to the …

This article studies the performance and return deviation of real estate leveraged exchange-
traded funds (RE LETFs) tracking the Dow Jones US Real Estate Index (DJUSRE) and the …