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Unless otherwise indicated, the seminar takes place at 4-5 pm London time / 11 am EST.
May 4, 2022 – 4 pm (UK)
- Felipe Dutra Calainho*, Alex Van de Minne and Marc Francke: “A Machine Learning Approach to Price Indices: Applications in Commercial Real Estate”
Abstract: This article presents a model agnostic methodology for producing property price indices.The motivation to develop this methodology is to include non-linear and non-parametric models, such as Machine Learning (ML), in the pool of algorithms to produce price indices. The key innovation is the use of individual out-of-time prediction errors to measure price changes. The data used in this study consist of 29,998 commercial real estate transactions in New York, in the period 2000–2019. The results indicate that the prediction accuracy is higher for the ML models compared to linear models. On the other hand, ML algorithms depend more on the data used for calibration; they produce less stable results when applied to small samples and may exhibit estimation bias. Hence,measures to reduce or eliminate bias need to be implemented, taking into consideration the bias and variance trade-off.
Register here: https://cam-ac-uk.zoom.us/webinar/register/WN_-zaoFaHQT6-eTA2jQ5S6XA
Mar 23, 2022 – 4 pm (UK)
- Gabriel M. Ahlfeldt*, Stephan Heblich and Tobias Seidel: “Micro-geographic property price and rent indices”
Abstract: We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial units from repeated cross-sections of geocoded micro data. The algorithm combines parametric and non-parametric estimation techniques to provide a tight local fit where the underlying micro data are abundant and reliable extrapolations where data are sparse. To illustrate the functionality, we generate a panel of German property prices and rents that is unprecedented in its spatial coverage and detail. This novel data set uncovers a battery of stylized facts that motivate further research, e.g. on the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany.
Register here: https://cam-ac-uk.zoom.us/webinar/register/WN_sabzPic5Qz-gmF1xYon2UQ
Feb 23, 2022 – 4 pm (UK)
- Scott Wentland, Jeremy Moulton and Gary Cornwall: “For What It’s Worth: Measuring Land Value in the Era of Big Data and Machine Learning”
July 7, 2021 – 4 pm (UK)
- Piero Montebruno, Olmo Silva* and Nikodem Szumilo: “Judge Dread: court severity, repossession risk and demand in mortgage and housing markets”
Register here: https://cam-ac-uk.zoom.us/webinar/register/WN_3bLMxOntRT-s-n_qkxv9NQ
May 26, 2021 – 10 am (UK)
- Sumit Agarwal, Kwong Wing Chau, Maggie Rong Hu* and Wayne Xinwei Wan: “Housing Speculation and Stamp Duty Policy: Evidence from Hong Kong”
May 12, 2021 – 4 pm (UK)
- Rhiannon Jerch*, Panle Jia Barwick, Shanjun Li and Jing Wu: “Road Rationing Policies and Housing Markets”
March 17, 2021 – 4 pm (UK)
- Nicolás Durán*, Piet Eichholtz, Nils Kok, & Juan Palacios: “Indoor Air Quality and Student Performance”
March 3, 2021 – 4 pm (UK)
February 17, 2021 – 4 pm (UK)
- Greg Buchak*, Gregor Matvos, Tomasz Piskorski and Amit Seru: “Why is Intermediating Houses so Difficult? Evidence from iBuyers”
February 3, 2021 – 4 pm (UK)
- Marina Kölbl, Ralf Laschinger, Bertram I. Steininger & Wolfgang Schäfers: “Can Risks be Good News? Revealing Risk Perception of Real Estate Investors using Machine Learning”
January 21, 2020 – 4 pm (UK)
- Chongyu Wang* and Tingyu Zhou: “Face-to-face Interactions, Tenant Resilience, and Commercial Real Estate Performance”
Dec 9, 2020 3 pm (UK), 10 am Eastern
- Kwan Ok Lee* and Hyojung Lee: [“Public Responses to COVID-19 Case Disclosure and Their Spatial Implications”]
November 26, 2020: 9:30 am
- Shaun Bond*, Hui Guo and Changyu Yang: “Do Institutional Investors Trade on Mispricing? Evidence from Real Estate Markets”
Nov 11, 2020 4.30 pm
- Hanchen Jiang, Luis Quintero* and Xi Yang: “Does Rent Regulation Affect Tenant Unemployment? Evidence from New York City”
October 14, 2020
- Jacelly Cespedes*, Carlos Parra and Clemens Sialm: “The Effect of Principal Reduction on Household Distress: Evidence from Mortgage Cramdown”
September 16, 2020
- Gregg Fisher, Eva Steiner*, Sheridan Titman and Ashvin Viswanathan: “How Does Property Location Influence Investment Risk and Return?”
September 2, 2020
- Jim Clayton, Avis Devine* and Rogier Holtermans: “Beyond Building Certification: The Impact of Environmental Interventions on Commercial Real Estate Operations”
August 19, 2020
August 5, 2020
July 22, 2020
July 8, 2020
- David C. Ling, Chongyu Wang and Tingyu Zhou*: “Asset Productivity, Local information Diffusion, and Commercial Real Estate Returns”
June 24, 2020
- Jacob Cosman and Luis Quintero*: “Fewer players, fewer homes: concentration and the new dynamics of housing supply”
June 4, 2020
- Steffen Andersen, Cristian Badarinza*, Lu Liu, Julie Marx and Tarun Ramadorai: “Reference dependence in the housing market”
May 14, 2020
- Amine Ouazad* and Romain Rancière: “Market Frictions, Arbitrage, and the Capitalization of Amenities”
April 30, 2020
- Will Larson*, Jessica Shui, Morris Davis and Stephen Oliner: “The Price of Residential Land for Counties, ZIP codes, and Census Tracts in the United States”
April 16, 2020
- Matthijs Korevaar* and Marc Francke: “Housing Markets in a Pandemic: Evidence from Historical Outbreaks”
April 2, 2020
- Arpit Gupta*, Stijn Van Nieuwerburgh and Constantine Kontokosta: “Take the Q Train: Value Capture of Public Infrastructure Projects”
* presenting author