Green Buildings of Silver Street
Not ideal from a building maintenance point of view… but beautiful. A gutter has been leaking for years and created a truly ‘green’ building on Silver Street...
Recent Posts
Work with us: Assistant Professorship (tenure track) at University of Cambridge
The Department of Land Economy is searching for one more Assistant Professor in Real Estate Finance. Here my thoughts on why this might be an attractive oppo...
Reaching for yield and the housing market: Evidence from 18th-century Amsterdam
New paper by Matthijs Korevaar explores the links between financial markets and real estate in 18th-century Amsterdam
Tulip mania
An update from the garden: Tulips tulips tulips
Professor!
Personal news: I have been elected Grosvenor Professor of Real Estate Finance at the University of Cambridge
Franz Xaver Rektorzik
Etchings by Franz Xaver Rektorzik, printed by August Potuczek
New paper: Testing machine learning systems in real estate
How do ML-models arrive at their predictions? Do they do what we hope they do—or are corners cut?. New paper out at Real Estate Economics
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Staying in touch: A sporadic email with updates
New Paper: Urban land valuation with bundled good and land residual assumptions
Paper out: This paper develops a new approach to estimate the value of urban land and indirectly tests land residual assumptions. Bonus: Value surfaces estim...
New Working Paper: “Growth and Predictability of Urban Housing Rents”
This paper studies urban rental prices for half a millennium (1500–2020) and seven cities: Amsterdam, Antwerp, Bruges, Brussels, Ghent, London, and Paris. Ba...
Spatial ML: Estimating Land Values in Phoenix (AZ)?
A neural networks that accounts for spatial correlation and time dynamics?
Are Estimates of Rapid Growth in Urban Land Values an Artifact of the Land Residual Model?
New paper out: A closer look at urban land and structure values – this is important for national accounts and for analysis of real estate risk over time. Wit...
Immobilienanlagen: Angebliches Renditewunder entzaubert / Le « miracle » de l’investissement immobilier démystifié
Summary of our total return paper in German and French.
New Publication: The Total Return To Real Estate
New research accepted for publication at the Review of Financial Studies (RFS) suggests that returns to real estate are solid but not exceptional: No sign of...
Nothing but hot air…
My previous website went down in flames (or rather: is now hosted in a black cloud).
Machine Learning, Architectural Styles and Property Values
New research accepted for publication at the Journal of Real Estate Finance and Economics: This paper couples a traditional hedonic model with architectural ...
Aesthetic Preferences for Residential Architecture: Finding Ground Truth with Machine Learning Approaches
This paper first collects binary classifications of house pictures from a large group of participants and then trains personalized ML classifiers for each pa...
Valuable Words: The Price Dynamics of Internet Domain Names
This article estimates the first constant quality price index for Internet domain names. The suggested index provides a benchmark for domain name traders and...
