THE SINGLE-FAMILY HOME IN THE INVESTMENT PORTFOLIO

被引：78

作者：

GOETZMANN, WN ^{[1
]}

机构：

[1] COLUMBIA UNIV, GRAD SCH BUSINESS, NEW YORK, NY 10027 USA

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 1993年 / 6卷 / 03期

关键词：

HOUSING; RISK; RETURN; REPEAT-SALES;

D O I：

10.1007/BF01096958

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This article uses recent measures of the risk and return to investment in housing to estimate the effects of including a single family home in the investor portolio. We estimate the expected return and standard deviation of that return, as well as its correlation with other major investment classes.

引用

页码：201 / 222

页数：22

共 18 条

[1]

BAILEY MJ, 1963, J AM STAT ASSOC, V58, P933

[2]

CASE K, 1987, NATIONAL BUREAU EC R, V2393

[3]

CASE KE, 1990, AREUEA J, V18, P253

[4]

Clapp JM, 1992, J REAL ESTATE FINANC, V5, P357

[5]

Efron B., 1982, JACKKNIFE BOOTSTRAP

[6]

FAMA EF, 1988, J POLIT ECON, V96, P246

[7] REAL-ESTATE - THE WHOLE STORY [J].

FIRSTENBERG, PM ;

ROSS, SA ;

ZISLER, RC .

JOURNAL OF PORTFOLIO MANAGEMENT, 1988, 14 (03) :22-&

[8] The Accuracy of Real Estate Indices" Repeat Sale Estimators [J].

Goetzmann, William Nelson .

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 1992, 5 (01) :5-53

[9]

GOETZMANN WN, 1990, THESIS YALE U

[10]

GOETZMANN WN, 1993, UNPUB AM EC REV

← 1 2 →