Real Estate

The Macroeconomic Implications of Falling Real Estate Prices

In this second article on real estate in the current high-interest-rate environment, Joseph L. Pagliari Jr. explores banks’ exposure to commercial real estate, who might help fill the credit void as bank funding dries up, how the work-from-home phenomenon impacts commercial real estate prices, particularly the office sector, and what risks large urban centers face with emptied office buildings.

How to Make the Market for Real Estate Agents More Competitive

Delinking buyer and seller commissions will make markets for real estate agent services more competitive, allowing buyers and sellers to negotiate commissions and allowing for...

A Change to Policy on All-Cash Housing Purchases Reveals How Anonymous Capital Can Distort Markets

Until 2016, anonymous buyers could purchase US real estate in cash through shell companies without reporting their real identities. But that year a new...

Excessive Zoning Makes Us Poorer and More Unequal

We normally think of income inequality as a function of differences in class or socioeconomic status. But much more than generally realized, geographic differences...

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