Below is a summary of recent publications by UCF faculty related to the field of real estate.

Faculty Publications

 

  • Hany S. Guirguis, Joshua A. Harris, and Glenn Mueller. “Concentration in US Mortgage Loans and the Impact of the Great Recession”. Revise and resubmit at Real Estate Economics.

 

  • Randy I. Anderson and Joshua A. Harris. “Profitability of Real Estate Investment Trust Internationalization”. Revise and resubmit at Journal of Real Estate Research.

 

  • Jonathan Dombrow, J. Lee, and James Shilling. “Why are Adjusted Delinquency Rates on Single-Family Residential Mortgages Increasing?” Journal of Real Estate Finance and Economics, forthcoming.

 

  • Jonathan Dombrown and M. Rodiquez. “Dollarization and Real Estate Market Performance: Evidence from Housing in El Salvador.” Journal of Housing Research, forthcoming.

 

  • Henry J. Munneke, Joseph T.L. Ooi, C.F. Sirmans, and Geoffrey K. Turnbull, “Real Estate Agents, House Prices and Liquidity,” Journal of Real Estate Finance and Economics, forthcoming.

 

  • Randy Anderson, Raymond Brastow, Geoffrey K. Turnbull, and Bennie Waller, “Seller Over-Pricing and Listing Contract Length: The Effects of Endogenous Listing Contracts on Housing Markets,” Journal of Real Estate Finance and Economics, forthcoming.

 

  • Henry J. Munneke, Barrett A. Slade, C. F. Sirmans, and Geoffrey K. Turnbull, “Housing Regulation, Externalities and Residential Property Prices,” Real Estate Economics, 42 (2), Summer 2014, 422-456.

 

  • Robert F. Salvino, Michael T. Tasto, and Geoffrey K. Turnbull, “Institutional Change and Eminent Domain: Economic Development in the States,”in Entrepreneurial Action, Public Policy, and Economic Outcomes, Robert F. Salvino, Michael T. Tasto, and Gregory M. Randolph, eds., Cheltenham, U.K.: Edward Elgar Publishing Ltd., 2014.

 

  • Ignacio A. Navarro and Geoffrey K. Turnbull, “Property Rights and Urban Development: Initial Title Quality Matters Even When It No Longer Matters,” Journal of Real Estate Finance and Economics, forthcoming (online March 2013) DOI 10.1007/s11146-13-9417-0

 

  • Geoffrey K. Turnbull, Velma Zahirovic-Herbert, and Chris Mothorpe, “Flooding and Liquidity on the Bayou: The Capitalization of Flood Risk into House Value and Ease-of-Sale,” Real Estate Economics, 41 (1), Spring 2013, 103-129.

 

  • Geoffrey K. Turnbull, “Delegating Eminent Domain Powers to Private Firms: Land Use and Efficiency Implications,” Journal of Real Estate Finance and Economics, 45 (2), 2012, 305-325.

 

  • Geoffrey K. Turnbull and Velma Zahirovic-Herbert, “The Transitory and Legacy Effects of the Rental Externality on House Price and Liquidity,” Journal of Real Estate Finance and Economics, 44 (3), April 2012, 275-297. (winner of Best Paper Award, American Real Estate Society, 2009.)

 

  • Geoffrey K. Turnbull, Robert F. Salvino and Michael T. Tasto, “A Direct Test of Direct Democracy: New England Town Meetings,” Applied Economics, 44 (18), June 2012, 2393-2402.

 

  • Andrew Hanson, Kurt Schnier, and Geoffrey K. Turnbull, “Drive ‘Til You Qualify: Credit Quality and Household Location,” Regional Science and Urban Economics, 42 (1-2), January 2012, 63-77.

 

  • Thomas J. Miceli, Henry J. Munneke, C. F. Sirmans, and Geoffrey K. Turnbull, “A Question of Title: Property Rights and Asset Values,” Regional Science and Urban Economics, 41 (6), November 2011, 499-507.

 

  • Henry J. Munneke, Joseph T. L. Ooi, C. F. Sirmans, and Geoffrey K. Turnbull, “Sequence of Sales of Similar Assets: The Law of One Price and Real Estate” Journal of Regional Science, 51 (2), May 2011, 355-370.

 

  • Joseph T. L. Ooi, C. F. Sirmans, and Geoffrey K. Turnbull, “Government Supply of Land in a Dual Market,” Real Estate Economics, 39 (1), Spring 2011, 167-184.

 

  • Geoffrey K. Turnbull and Velma Zahirovic-Herbert, “Why Do Vacant Houses Sell for Less: Bargaining Power, Holding Cost or Stigma?” Real Estate Economics, 39 (1), Spring 2011, 19-43. (winner of Best Paper Award, American Real Estate Society, 2008.)

 

  • Geoffrey K. Turnbull, “Irreversible Development and Eminent Domain: Compensation Rules, Land Use, and Efficiency,” Journal of Housing Economics, 19 (4), December 2010, 243-254.

 

  • Ignacio Navarro and Geoffrey K. Turnbull, “Antichresis Leases: Theory and Empirical Evidence from the Bolivian Experience,” Regional Science and Urban Economics, 40 (1), January 2010, 33-44.

 

  • Ignacio Navarro and Geoffrey K. Turnbull, “The Legacy Effects of Squatter Settlements on Urban Redevelopment,” in Urbanization and Development, Jo Beall, Basudeb Guha-Khasnobis, and Ravi Kanbur, eds., Oxford, U.K.: Oxford University Press, 2010.

 

  • Robert F. Salvino and Geoffrey K. Turnbull, “Do Broader Eminent Domain Powers Increase Government Size?” Review of Law and Economics, 5 (1), December 2009, art. 32. doi: 10.2202/1555-5879.1395

 

  • Thomas J. Miceli, C. F. Sirmans, and Geoffrey K. Turnbull, “Lease Defaults and the Efficient Mitigation of Damages,” Journal of Regional Science, 49 (5), December 2009, 915-930.

 

  • Velma Zahirovic-Herbert and Geoffrey K. Turnbull, “Public School Reform, Expectations, and Capitalization: What Signals Quality to Home Buyers?” Southern Economic Journal, 75 (4), April 2009, 1094-1113.

 

 

Faculty Conference Presentations

 

  • Hany Guriguis, Joshua Harris, and Glenn Mueller. “Concentration in US Mortgage Loans and the Impact of the Great Recession.” Annual meetings of the American Real Estate Society, 2015.

 

  • Geoffrey Turnbull and Arno Van der Vlist. “Financial Literacy, Homebuying, and Foreclosures.” Annual meetings of the American Real Estate and Urban Economics Association, 2015.

 

  • Randy Anderson and Joshua Harris. “Analysis of Historical Pricing and Fundamentals Growth in the National Multifamily Market: Does Property Class and Market Type Matter?” Annual meetings of the American Real Estate Society, 2014.

 

  • Bian, Geoffrey Turnbull, Bennie Waller, and Scott Wentland. “How Many Listings Are Too Many? Agent Listing Inventory and Sales Performance.” Annual meetings of the American Real Estate and Urban Economics Association, 2014.

 

  • Geoffrey Turnbull and Bennie Waller. “What Do Top Performing Real Estate Agents Deliver for their Clients?” Annual meetings of the American Real Estate and Urban Economics Association, 2014.

 

  • Randy Anderson and Richard Curcio. “Managing Risk in the Real Estate Portfolio Through the Use of Leveraged and Inverse ETFs.” Annual meetings of the American Real Estate Society, 2014.

 

  • Randy Anderson and Joshua Harris. “Profitability of REIT Internationalization.” Annual conference of the Real Estate Investment Securities Association, 2013.

 

  • Bian, Geoffrey Turnbull, and Bennie Waller. “How Many is Too Many? The Impact of Agent Inventory on Selling Price and Liquidity of Client Properties.” Annual meetings of the American Real Estate Society, 2013.

 

  • Randy Anderson, Joshua Harris, and Jan Zhu. “The Evolution of Technical Efficiency and Economies of Scale of Real Estate Investment Trust.” Annual meetings of the American Real Estate Society, 2013.

 

  • Richard Curcio, Randy Anderson, and Hany Guirguis. “Intraday Price Formation in US Real Estate Equity Index Markets.” Annual meetings of the American Real Estate Society, 2013.