Patric H. Hendershott

University of Aberdeen - Centre for Property Research

Aberdeen AB24 2UF

Scotland

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

104

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6,362

CITATIONS
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652

Scholarly Papers (104)

1.

Uses of Equilibrium Models in Real Estate Research

Dice Center For Research In Financial Economics, Working Paper Series 96-12
Number of pages: 23 Posted: 06 Feb 1997
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 1,257 (12,504)
Citation 2

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2.

An Anatomy of Price Dynamics in Illiquid Markets: Analysis and Evidence from Local Housing Markets

Number of pages: 38 Posted: 01 Oct 2003
Dennis R. Capozza, Patric H. Hendershott and Charlotte Mack
Ross School of Business, University of Michigan, University of Aberdeen - Centre for Property Research and University of Michigan at Ann Arbor
Downloads 380 (66,198)
Citation 40

Abstract:

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dynamics, mean reversion, serial correlation, housing

3.

Determinants of Real House Price Dynamics

NBER Working Paper No. w9262
Number of pages: 35 Posted: 11 Oct 2002
Ross School of Business, University of Michigan, University of Aberdeen - Centre for Property Research, University of Michigan at Ann Arbor and Columbia Business School - Finance and Economics
Downloads 338 (73,777)
Citation 33

Abstract:

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4.

Systematic Valuation Errors and Property Cycles: A Clinical Study of the Sydney Office Market

Working Papers Series #96-11
Number of pages: 21 Posted: 06 Feb 1997
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 337 (77,249)
Citation 1

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Selling Time and Selling Price: The Impact of Seller Motivation

Number of pages: 29 Posted: 27 Mar 1998
Michel Glower, Donald R. Haurin and Patric H. Hendershott
Unaffiliated Authors - Independent, Ohio State University (OSU) - Economics and University of Aberdeen - Centre for Property Research
Downloads 271 (100,544)
Citation 36

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Selling Time and Selling Price: The Impact of Seller Motivation

Real Estate Economics
Posted: 05 Apr 1998
Michel Glower, Donald R. Haurin and Patric H. Hendershott
Unaffiliated Authors - Independent, Ohio State University (OSU) - Economics and University of Aberdeen - Centre for Property Research

Abstract:

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6.

Determinants of Cross-Sectional Variation in Discount Rates, Growth Rates, and Exit Cap Rates

Number of pages: 28 Posted: 08 Mar 2004
Ake Gunnelin, Patric H. Hendershott, Martin Hoesli and Bo Soederberg
Royal Institute of Technology (KTH) - Department of Real Estate and Construction Management, University of Aberdeen - Centre for Property Research, University of Geneva - Geneva School of Economics and Management (GSEM) and University of Gävle - Department of Business Administration
Downloads 230 (110,385)
Citation 4

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Real Estate Appraisal, DCF, Discount Rates, Capitalization Rates

7.

Estimating Constant-Quality Capitalization Rates and Capitalization Effects of Below-Market Financing

Dice Center Working Paper No. 98-14
Number of pages: 23 Posted: 10 Dec 1998
Patric H. Hendershott and Bengt Turner
University of Aberdeen - Centre for Property Research and Uppsala University - Institute for Housing and Urban Research
Downloads 160 (163,686)
Citation 3

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8.

Risk and Return on Real Estate: Evidence from Equity Reits

NBER Working Paper No. w3311
Number of pages: 30 Posted: 28 Jun 2004 Last Revised: 21 Jul 2010
Kam C. Chan, Patric H. Hendershott and Anthony B. Sanders
Western Kentucky University - Department of Accounting and Finance, University of Aberdeen - Centre for Property Research and George Mason University - School of Business
Downloads 154 (147,797)
Citation 70

Abstract:

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9.

Mortgage Refinances, Streamlines and Adverse Selection

The Dice Center for Research in Financial Economics Working Paper 98-5
Number of pages: 25 Posted: 26 Oct 1998
David M. Brickman and Patric H. Hendershott
Federal Home Loan Mortgage Corporation (FHLMC) and University of Aberdeen - Centre for Property Research
Downloads 153 (172,765)

Abstract:

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10.

Mortgage Refinancing, Adverse Selection, and Fha's Streamline Program

Dice Center Working Paper No. 99-16
Number of pages: 32 Posted: 24 Mar 2000
David M. Brickman and Patric H. Hendershott
Federal Home Loan Mortgage Corporation (FHLMC) and University of Aberdeen - Centre for Property Research
Downloads 143 (179,621)
Citation 1

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11.

Investor Rationality: An Analysis of Ncreif Commercial Property Data

Journal of Real Estate Research, Vol. 27, No. 4, 2006
Number of pages: 32 Posted: 27 Dec 2006
Patric H. Hendershott and Bryan MacGregor
University of Aberdeen - Centre for Property Research and University of Aberdeen - Centre for Property Research
Downloads 133 (170,928)
Citation 5

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NCREIF, multiple listing service, cash flow, capitalization rate, NOI

Bubbles in Metropolitan Housing Markets

NBER Working Paper No. w4774
Number of pages: 27 Posted: 05 Sep 2001 Last Revised: 27 Jul 2010
Jesse M. Abraham and Patric H. Hendershott
National Bureau of Economic Research (NBER) and University of Aberdeen - Centre for Property Research
Downloads 123 (207,916)
Citation 59

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Bubbles in Metropolitan Housing Markets

J. OF HOUSING RESEARCH, Vol. 7 No. 2, 1996
Posted: 22 Nov 1996
Jesse M. Abraham and Patric H. Hendershott
National Bureau of Economic Research (NBER) and University of Aberdeen - Centre for Property Research

Abstract:

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13.

Fund Flows and Commercial Real Estate Investment: Evidence from The Commercial Mortgage Market

Journal of Real Estate Research Vol. 26, No. 4, 2004
Number of pages: 26 Posted: 28 Dec 2006
Ron Donohue and Patric H. Hendershott
Homer Hoyt Institute and University of Aberdeen - Centre for Property Research
Downloads 107 (223,393)

Abstract:

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fund flow, commercial mortgage

14.

The Capitalization of Interest Subsidies: Evidence from Sweden

Dice Center Working Paper No. 98-15
Number of pages: 28 Posted: 01 Dec 1998
Tommy Berger, Peter Englund, Patric H. Hendershott and Bengt Turner
Uppsala University - Institute for Housing and Urban Research, Swedish House of Finance, University of Aberdeen - Centre for Property Research and Uppsala University - Institute for Housing and Urban Research
Downloads 106 (223,393)
Citation 5

Abstract:

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15.

Patterns and Determinants of Metropolitan House Prices, 1977-91

NBER Working Paper No. w4196
Number of pages: 39 Posted: 28 Jan 2006 Last Revised: 21 May 2007
Jesse M. Abraham and Patric H. Hendershott
National Bureau of Economic Research (NBER) and University of Aberdeen - Centre for Property Research
Downloads 61 (301,177)
Citation 5

Abstract:

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16.

Estimating the Rental Adjustment Process

NBER Working Paper No. w7912
Number of pages: 19 Posted: 29 Sep 2000 Last Revised: 19 Oct 2010
Patric H. Hendershott, Bryan MacGregor and Raymond Y. C. Tse
University of Aberdeen - Centre for Property Research, University of Aberdeen - Centre for Property Research and University of Amsterdam - Centre for Environmental Law
Downloads 56 (335,013)
Citation 1

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17.

Evidence on Rationality in Commercial Property Markets: An Interpretation and Critique

NBER Working Paper No. w11329
Number of pages: 33 Posted: 14 Jun 2005 Last Revised: 16 Jun 2005
Patric H. Hendershott, Robert J. Hendershott and Bryan MacGregor
University of Aberdeen - Centre for Property Research, Santa Clara University and University of Aberdeen - Centre for Property Research
Downloads 53 (335,013)
Citation 2

Abstract:

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18.

Pricing FHA Mortgage Default Insurance

NBER Working Paper No. w1382
Number of pages: 33 Posted: 25 Jun 2004 Last Revised: 14 Apr 2008
Donald F. Cunningham and Patric H. Hendershott
Baylor University - Department of Finance, Insurance & Real Estate and University of Aberdeen - Centre for Property Research
Downloads 51 (337,885)
Citation 15

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19.

Homeownership and Unemployment: The Roles of Leverage and Public Housing

NBER Working Paper No. w10021
Number of pages: 50 Posted: 16 Oct 2003
Paul Flatau, Matt Forbes, Patric H. Hendershott and Gavin A. Wood
The University of Western Australia, Murdoch University - Economics Department, University of Aberdeen - Centre for Property Research and RMIT University - School of Economics, Finance and Marketing
Downloads 47 (340,877)
Citation 7

Abstract:

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20.

Borrowing Constraints and the Tenure Choice of Young Households

NBER Working Paper No. w5630
Number of pages: 30 Posted: 13 Apr 1998 Last Revised: 16 May 2012
Donald R. Haurin, Patric H. Hendershott and Susan M. Wachter
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Pennsylvania - Wharton School, Department of Real Estate
Downloads 46 (340,877)
Citation 23

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Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation

NBER Working Paper No. w5070
Number of pages: 59 Posted: 11 Jun 2000 Last Revised: 09 May 2015
Donald R. Haurin, Susan M. Wachter and Patric H. Hendershott
Ohio State University (OSU) - Economics, University of Pennsylvania - Wharton School, Department of Real Estate and University of Aberdeen - Centre for Property Research
Downloads 46 (372,078)
Citation 19

Abstract:

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Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation

J. OF HOUSING RESEARCH
Posted: 13 Sep 1996
Donald R. Haurin, Patric H. Hendershott and Susan M. Wachter
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Pennsylvania - Wharton School, Department of Real Estate

Abstract:

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22.

Pricing Mortgages: an Interpretation of the Models and Results

NBER Working Paper No. w2290
Number of pages: 65 Posted: 19 Jul 2004 Last Revised: 12 Sep 2008
Patric H. Hendershott and Robert Van Order
University of Aberdeen - Centre for Property Research and Federal Home Loan Mortgage Corporation (FHLMC) - Housing Economics and Financial Research
Downloads 41 (352,901)
Citation 20

Abstract:

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23.

The Economics of Tenure Choice: 1955-79

NBER Working Paper No. w0543
Number of pages: 39 Posted: 07 Jul 2004 Last Revised: 28 Jun 2010
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 39 (368,756)
Citation 19

Abstract:

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24.

Demographic Factors and Real House Prices

NBER Working Paper No. w4332
Number of pages: 21 Posted: 11 Apr 2004
Richard K. Green and Patric H. Hendershott
University of Southern California - Lusk Center for Real Estate and University of Aberdeen - Centre for Property Research
Downloads 38 (362,317)
Citation 3

Abstract:

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25.

Taxes and the User Cost of Capital for Owner-Occupied Housing

NBER Working Paper No. w0929
Number of pages: 32 Posted: 04 Jul 2004 Last Revised: 18 Jul 2010
Patric H. Hendershott and Joel B. Slemrod
University of Aberdeen - Centre for Property Research and University of Michigan, Stephen M. Ross School of Business
Downloads 37 (397,139)
Citation 31

Abstract:

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26.

Investor Rationality: Evidence from UK Property Capitalization Rates

NBER Working Paper No. w9894
Number of pages: 39 Posted: 25 Aug 2003 Last Revised: 04 Nov 2010
Patric H. Hendershott and Bryan MacGregor
University of Aberdeen - Centre for Property Research and University of Aberdeen - Centre for Property Research
Downloads 37 (397,139)
Citation 6

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27.
Downloads 36 (401,125)
Citation 6

Pricing Upward-Only Adjusting Leases

NBER Working Paper No. w7622
Number of pages: 26 Posted: 18 May 2000 Last Revised: 02 Mar 2002
Brent W. Ambrose, Patric H. Hendershott and Malgorzata M. Klosek
Pennsylvania State University, University of Aberdeen - Centre for Property Research and National Institutes of Health (NIH)
Downloads 36 (410,065)
Citation 6

Abstract:

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Pricing Upward-Only Adjusting Leases

Journal of Real Estate Finance & Economics, Vol. 25, No. 1
Posted: 17 May 2002
Brent W. Ambrose, Patric H. Hendershott and Malgorzata M. Klosek
Pennsylvania State University, University of Aberdeen - Centre for Property Research and National Institutes of Health (NIH)

Abstract:

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leases, real options, effective rents

28.

Taxing and Subsidizing Housing Investment: The Rise and Fall of Housing's Favored Status

NBER Working Paper No. w7928
Number of pages: 32 Posted: 29 Sep 2000 Last Revised: 19 May 2015
Patric H. Hendershott and Michael White
University of Aberdeen - Centre for Property Research and University of Aberdeen - Centre for Property Research
Downloads 34 (379,059)
Citation 8

Abstract:

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29.

Expected Home Ownership and Real Wealth Accumulation of Youth

NBER Working Paper No. w5629
Number of pages: 29 Posted: 23 Apr 1998
Donald R. Haurin, Susan M. Wachter and Patric H. Hendershott
Ohio State University (OSU) - Economics, University of Pennsylvania - Wharton School, Department of Real Estate and University of Aberdeen - Centre for Property Research
Downloads 34 (382,466)

Abstract:

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30.

Real Estate and the Tax Reform Act of 1986

NBER Working Paper No. w2098
Number of pages: 42 Posted: 28 Jun 2004 Last Revised: 28 Sep 2010
Patric H. Hendershott, James R. Follain and David C. Ling
University of Aberdeen - Centre for Property Research, Federal Home Loan Mortgage Corporation (FHLMC) and University of Florida - Warrington College of Business Administration
Downloads 32 (393,345)
Citation 1

Abstract:

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31.

Are Real House Prices Likely to Decline by 47 Percent?

NBER Working Paper No. w3880
Number of pages: 20 Posted: 28 Dec 2006 Last Revised: 12 Aug 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 31 (421,201)
Citation 7

Abstract:

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32.

Endogenous Mortgage Choice, Borrowing Constraints and the Tenure Decision

NBER Working Paper No. w5074
Number of pages: 36 Posted: 18 Aug 2000 Last Revised: 05 Apr 2008
William C. LaFayette, Donald R. Haurin and Patric H. Hendershott
Ohio State University (OSU), Ohio State University (OSU) - Economics and University of Aberdeen - Centre for Property Research
Downloads 31 (409,084)
Citation 3

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Valuing and Pricing Retail Leases with Renewal and Overage Options

NBER Working Paper No. w9214
Number of pages: 28 Posted: 20 Sep 2002 Last Revised: 29 Oct 2010
Patric H. Hendershott and Charles W.R. Ward
University of Aberdeen - Centre for Property Research and University of Reading
Downloads 30 (436,512)
Citation 3

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Valuing and Pricing Retail Leases with Renewal and Overage Options

Journal of Real Estate Finance & Economics, Vol. 26, No. 2
Posted: 14 Aug 2002
Patric H. Hendershott and Charles W.R. Ward
University of Aberdeen - Centre for Property Research and University of Reading

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retail leases, valuation, risk neutral discounting, risk discount rates

34.

Mortgage Pricing: What Have We Learned so Far?

NBER Working Paper No. w1959
Number of pages: 20 Posted: 19 Jun 2004 Last Revised: 28 Mar 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 29 (409,084)
Citation 2

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Government Policies and the Allocation of Capital between Residential and Industrial Uses

NBER Working Paper No. w1036
Number of pages: 21 Posted: 03 May 2004
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 16 (515,740)

Abstract:

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Government Policies and the Allocation of Capital between Residential and Industrial Uses

NBER Working Paper No. w1036
Number of pages: 21 Posted: 22 Feb 2007 Last Revised: 23 Feb 2007
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 13 (533,805)

Abstract:

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36.

Household Saving: an Econometric Investigation

NBER Working Paper No. w1383
Number of pages: 51 Posted: 26 Dec 2000
Patric H. Hendershott and Joe Peek
University of Aberdeen - Centre for Property Research and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 27 (417,017)
Citation 1

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37.

Revenue and Welfare Implications for a Capital Gains Tax Cut

NBER Working Paper No. w3386
Number of pages: 48 Posted: 28 Jun 2004
Patric H. Hendershott, Eric J. Toder and Yun Hi Won
University of Aberdeen - Centre for Property Research, Urban Institute and Ohio State University (OSU)
Downloads 25 (421,201)

Abstract:

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38.

Pricing Adjustable Rate Mortgages

NBER Working Paper No. w1548
Number of pages: 34 Posted: 25 Jun 2004 Last Revised: 26 Sep 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 25 (413,011)

Abstract:

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39.

Office Market Values During the Past Decade: How Distorted Have Appraisals Been?

NBER Working Paper No. w4128
Number of pages: 20 Posted: 19 Jun 2004 Last Revised: 11 Apr 2008
Patric H. Hendershott and Edward J. Kane
University of Aberdeen - Centre for Property Research and Boston College - Department of Finance
Downloads 25 (409,084)
Citation 12

Abstract:

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40.

Tax Reform and Financial Markets

NBER Working Paper No. w1707
Number of pages: 44 Posted: 05 Jul 2004 Last Revised: 06 Sep 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 24 (434,623)
Citation 1

Abstract:

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41.

Integration of Mortgage and Capital Markets and the Accumulation of Residential Capital

NBER Working Paper No. w2847
Number of pages: 38 Posted: 28 May 2004 Last Revised: 20 Aug 2008
Patric H. Hendershott and Robert Van Order
University of Aberdeen - Centre for Property Research and Federal Home Loan Mortgage Corporation (FHLMC) - Housing Economics and Financial Research
Downloads 24 (439,407)
Citation 10

Abstract:

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42.

Household Leverage and the Deductibility of Home Mortgage Interest: Evidence from UK House Purchasers

NBER Working Paper No. w9207
Number of pages: 45 Posted: 20 Sep 2002 Last Revised: 29 Oct 2010
Patric H. Hendershott, Gwilym B.J. Pryce and Michael White
University of Aberdeen - Centre for Property Research, University of Glasgow and University of Aberdeen - Centre for Property Research
Downloads 24 (425,599)
Citation 5

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43.

Adjustment in Property Space Markets: Estimates from the Stockholm Office Market

NBER Working Paper No. w11345
Number of pages: 37 Posted: 17 Jul 2006
Peter Englund, Ake Gunnelin, Patric H. Hendershott and Bo Soederberg
Swedish House of Finance, Royal Institute of Technology (KTH) - Department of Real Estate and Construction Management, University of Aberdeen - Centre for Property Research and University of Gävle - Department of Business Administration
Downloads 23 (439,407)

Abstract:

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44.

The Sensitivity of Homeowner Leverage to the Deductibility of Home Mortgage Interest

NBER Working Paper No. w11489
Number of pages: 37 Posted: 23 Aug 2005 Last Revised: 04 Jan 2006
Patric H. Hendershott and Gwilym B.J. Pryce
University of Aberdeen - Centre for Property Research and University of Glasgow
Downloads 23 (425,599)
Citation 5

Abstract:

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45.

Homeownership Rates of Married Couples: an Econometric Investigation

NBER Working Paper No. w2305
Number of pages: 37 Posted: 26 May 2004
Donald R. Haurin, Patric H. Hendershott and David C. Ling
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Florida - Warrington College of Business Administration
Downloads 23 (439,407)
Citation 3

Abstract:

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46.

The Pricing of Default-Free Mortgages

NBER Working Paper No. w1408
Number of pages: 36 Posted: 19 Mar 2001
Stephen A. Buser and Patric H. Hendershott
Ohio State University (OSU) - Department of Finance and University of Aberdeen - Centre for Property Research
Downloads 23 (425,599)
Citation 5

Abstract:

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47.

The Long-Run Impact on Federal Tax Revenues and Capital Allocation of a Cut in the Capital Gains Tax Rate

NBER Working Paper No. w2962
Number of pages: 34 Posted: 23 Aug 2000
Patric H. Hendershott and Yun Hi Won
University of Aberdeen - Centre for Property Research and Ohio State University (OSU)
Downloads 23 (459,744)
Citation 1

Abstract:

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48.

Debt Usage and Mortgage Choice: Sensitivity to Default Insurance Costs

NBER Working Paper No. w5069
Number of pages: 47 Posted: 07 Aug 2000 Last Revised: 05 Apr 2008
Patric H. Hendershott and William C. LaFayette
University of Aberdeen - Centre for Property Research and Ohio State University (OSU)
Downloads 23 (430,010)

Abstract:

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49.

Local House Price Indexes: 1982-1991

NBER Working Paper No. w3933
Number of pages: 33 Posted: 09 Jun 2004
Donald R. Haurin, Patric H. Hendershott and Dongwook Kim
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Rochester - Wallis Institute of Political Economy
Downloads 22 (444,356)
Citation 4

Abstract:

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50.

Understanding the Real Estate Provisions of Tax Reform: Motivation and Impact

NBER Working Paper No. w2289
Number of pages: 25 Posted: 19 Jul 2004 Last Revised: 17 Sep 2008
James R. Follain, Patric H. Hendershott and David C. Ling
Federal Home Loan Mortgage Corporation (FHLMC), University of Aberdeen - Centre for Property Research and University of Florida - Warrington College of Business Administration
Downloads 21 (434,623)
Citation 3

Abstract:

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51.

The Impact of the Agencies on Conventional Fixed-Rate Mortgage Yields

NBER Working Paper No. w2646
Number of pages: 25 Posted: 16 Jul 2004 Last Revised: 28 Sep 2010
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 21 (444,356)
Citation 24

Abstract:

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52.

On the Determinants of the Value of Call Options on Default-Free Bonds

NBER Working Paper No. w2529
Number of pages: 29 Posted: 19 Jun 2004 Last Revised: 30 Aug 2008
Stephen A. Buser, Patric H. Hendershott and Anthony B. Sanders
Ohio State University (OSU) - Department of Finance, University of Aberdeen - Centre for Property Research and George Mason University - School of Business
Downloads 20 (449,338)
Citation 3

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53.

Debt and Equity Yields: 1926-80

NBER Working Paper No. w1142
Number of pages: 75 Posted: 11 Apr 2004 Last Revised: 17 Aug 2010
Patric H. Hendershott and Roger D. Huang
University of Aberdeen - Centre for Property Research and University of Notre Dame
Downloads 20 (475,769)
Citation 2

Abstract:

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54.

Interest Rates in the Reagan Years

NBER Working Paper No. w3037
Number of pages: 35 Posted: 14 Apr 2007
Patric H. Hendershott and Joe Peek
University of Aberdeen - Centre for Property Research and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 19 (464,975)

Abstract:

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55.

Home Ownership and Real House Prices: Sources of Change, 1965-85

NBER Working Paper No. w2245
Number of pages: 34 Posted: 15 Jan 2007 Last Revised: 22 Aug 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 19 (459,744)
Citation 5

Abstract:

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56.

Tax Reform and Housing

NBER Working Paper No. w1524
Number of pages: 23 Posted: 05 Jul 2004 Last Revised: 04 Sep 2010
Patric H. Hendershott and David C. Ling
University of Aberdeen - Centre for Property Research and University of Florida - Warrington College of Business Administration
Downloads 19 (454,569)

Abstract:

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57.

Pricing Rate Caps on Default-Free Adjustable-Rate Mortgages

NBER Working Paper No. w1525
Number of pages: 23 Posted: 25 Jun 2004 Last Revised: 04 Sep 2010
Stephen A. Buser, Patric H. Hendershott and Anthony B. Sanders
Ohio State University (OSU) - Department of Finance, University of Aberdeen - Centre for Property Research and George Mason University - School of Business
Downloads 19 (464,975)
Citation 6

Abstract:

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58.

Affordability and the Value of Seller Financing

NBER Working Paper No. w1695
Number of pages: 29 Posted: 15 Mar 2004
Donald R. Haurin and Patric H. Hendershott
Ohio State University (OSU) - Economics and University of Aberdeen - Centre for Property Research
Downloads 19 (464,975)

Abstract:

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59.

The Economics of Mortgage Terminations: Implications for Mortgage Lenders and Mortgage Terms

NBER Working Paper No. w0918
Number of pages: 29 Posted: 19 Mar 2001 Last Revised: 07 Jul 2010
Patric H. Hendershott, Sheng-Cheng Hu and Kevin E. Villani
University of Aberdeen - Centre for Property Research, Academia Sinica - Institute of Economics and Imperial Credit Industries, Inc.
Downloads 19 (470,322)
Citation 1

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60.

Rental Adjustment & Valuation of Real Estate in Overbuilt Markets: Fundamental vs. Reported Office Market Values in Sydney Australia

NBER Working Paper No. w4775
Number of pages: 30 Posted: 27 Jul 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 18 (486,547)
Citation 2

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61.

Inflation, Resource Utilization, and Debt and Equity Returns

NBER Working Paper No. w0699
Number of pages: 27 Posted: 18 Aug 2004 Last Revised: 13 Sep 2008
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 18 (464,975)
Citation 1

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62.

The Allocation of Capital between Residential and Nonresidential Uses: Taxes, Inflation and Capital Market Constraints

NBER Working Paper No. w0718
Number of pages: 43 Posted: 18 Aug 2004 Last Revised: 13 Sep 2008
Patric H. Hendershott and Sheng-Cheng Hu
University of Aberdeen - Centre for Property Research and Academia Sinica - Institute of Economics
Downloads 18 (464,975)
Citation 4

Abstract:

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63.

Relative Factor Price Changes and Equity Prices

NBER Working Paper No. w1449
Number of pages: 25 Posted: 28 Jun 2004 Last Revised: 09 Oct 2008
Peter J. Elmer and Patric H. Hendershott
Government of the United States of America - Division of Research and Statistics and University of Aberdeen - Centre for Property Research
Downloads 18 (459,744)

Abstract:

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64.

Selling Price and Selling Time: The Impact of Seller Motivation

NBER Working Paper No. w5071
Number of pages: 31 Posted: 20 Sep 2000
Michel Glower, Donald R. Haurin and Patric H. Hendershott
Unaffiliated Authors - Independent, Ohio State University (OSU) - Economics and University of Aberdeen - Centre for Property Research
Downloads 18 (449,338)
Citation 36

Abstract:

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65.

The Terminations Premium in Mortgage Coupon Rates: Evidence on the Integration of Mortgage and Bond Markets

NBER Working Paper No. w0738
Number of pages: 29 Posted: 18 Aug 2004
Patric H. Hendershott and Kevin E. Villani
University of Aberdeen - Centre for Property Research and Imperial Credit Industries, Inc.
Downloads 17 (491,818)
Citation 1

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66.

The Administration Tax Reform Proposal and Housing

NBER Working Paper No. w1740
Number of pages: 35 Posted: 05 Jul 2004
Patric H. Hendershott and David C. Ling
University of Aberdeen - Centre for Property Research and University of Florida - Warrington College of Business Administration
Downloads 17 (470,322)

Abstract:

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67.

Inflation and the Benefits from Owner-Occupied Housing

NBER Working Paper No. w0383
Number of pages: 34 Posted: 28 May 2004 Last Revised: 21 Jul 2010
Patric H. Hendershott and Sheng-Cheng Hu
University of Aberdeen - Centre for Property Research and Academia Sinica - Institute of Economics
Downloads 17 (491,818)
Citation 3

Abstract:

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68.

Another Look at the Capitalization of Interest Subsidies: Evidence from Sweden

NBER Working Paper No. w6365
Number of pages: 26 Posted: 14 Jul 2000 Last Revised: 04 Apr 2008
Tommy Berger, Peter Englund, Patric H. Hendershott and Bengt Turner
Uppsala University - Institute for Housing and Urban Research, Swedish House of Finance, University of Aberdeen - Centre for Property Research and Uppsala University - Institute for Housing and Urban Research
Downloads 17 (470,322)
Citation 1

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69.

The Changing Fortunes of Fha's Mutual Mortgage Insurance Fund and the Legislative Response

NBER Working Paper No. w3592
Number of pages: 28 Posted: 14 Nov 2007
Patric H. Hendershott and James A Waddell
University of Aberdeen - Centre for Property Research and affiliation not provided to SSRN
Downloads 16 (481,248)
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70.

Treasury Bill Rates in the 1970s and 1980s

NBER Working Paper No. w3036
Number of pages: 39 Posted: 14 Apr 2007
Patric H. Hendershott and Joe Peek
University of Aberdeen - Centre for Property Research and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 16 (486,547)
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71.

Prospective Changes in Tax Law and the Value of Depreciable Real Estate

NBER Working Paper No. w1352
Number of pages: 33 Posted: 08 Mar 2007 Last Revised: 13 Sep 2010
Patric H. Hendershott and David C. Ling
University of Aberdeen - Centre for Property Research and University of Florida - Warrington College of Business Administration
Downloads 16 (475,769)
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72.

An Altered U.S. Housing Finance System: Implications for Housing

NBER Working Paper No. w3770
Number of pages: 42 Posted: 28 Dec 2006 Last Revised: 17 May 2015
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 16 (470,322)
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73.

The Tax Reform Act of 1986 and Economic Growth

NBER Working Paper No. w2553
Number of pages: 35 Posted: 16 Jul 2004
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
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74.

Introducing Risky Housing and Endogenous Tenure Choice into Portfolio- Based General Equilibrium Models

NBER Working Paper No. w3114
Number of pages: 35 Posted: 18 Apr 2007 Last Revised: 13 Jul 2010
Patric H. Hendershott and Yunhi Won
University of Aberdeen - Centre for Property Research and affiliation not provided to SSRN
Downloads 15 (481,248)
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75.

Accelerating Inflation, Nonassumable Fixed-Rate Mortgages, and Consumer Choice and Welfare

NBER Working Paper No. w0755
Number of pages: 36 Posted: 19 Aug 2004 Last Revised: 27 Jul 2010
Patric H. Hendershott and Sheng-Cheng Hu
University of Aberdeen - Centre for Property Research and Academia Sinica - Institute of Economics
Downloads 15 (502,374)
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76.

Housing Finance in the United States in the Year 2001

NBER Working Paper No. w0739
Number of pages: 32 Posted: 18 Aug 2004 Last Revised: 17 May 2015
Patric H. Hendershott and Kevin E. Villani
University of Aberdeen - Centre for Property Research and Imperial Credit Industries, Inc.
Downloads 15 (481,248)
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77.

Tax Reform and the Slope of the Playing Field

NBER Working Paper No. w1909
Number of pages: 20 Posted: 05 Jul 2004 Last Revised: 21 Sep 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 15 (486,547)

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78.

Trading and the Tax Shelter Value of Depreciable Real Estate

NBER Working Paper No. w1267
Number of pages: 28 Posted: 05 Jul 2004 Last Revised: 14 Oct 2008
Patric H. Hendershott and David C. Ling
University of Aberdeen - Centre for Property Research and University of Florida - Warrington College of Business Administration
Downloads 15 (475,769)
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79.

Debt and Equity Returns Revisited

NBER Working Paper No. w1521
Number of pages: 30 Posted: 29 Dec 2000 Last Revised: 30 Aug 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 15 (481,248)
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80.

Tax Changes and Capital Allocation in the 1980s

NBER Working Paper No. w1911
Number of pages: 48 Posted: 05 Jul 2004 Last Revised: 23 Sep 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 14 (481,248)
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81.

Private Saving in the United States: 1950-85

NBER Working Paper No. w2294
Number of pages: 51 Posted: 25 Jun 2004 Last Revised: 09 Oct 2009
Patric H. Hendershott and Joe Peek
University of Aberdeen - Centre for Property Research and Federal Reserve Banks - Federal Reserve Bank of Boston
Downloads 14 (491,818)
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82.

Household Formations

NBER Working Paper No. w1390
Number of pages: 31 Posted: 26 May 2004
Patric H. Hendershott and Marc Smith
University of Aberdeen - Centre for Property Research and Independent
Downloads 14 (497,042)
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83.

Expectations, Surprises and Treasury Bill Rates: 1960-82

NBER Working Paper No. w1268
Number of pages: 25 Posted: 23 Apr 2004 Last Revised: 14 Oct 2008
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 14 (491,818)

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84.

Savings and Loan Usage of the Authority to Invest in Corporate Debt

NBER Working Paper No. w0725
Number of pages: 36 Posted: 10 Nov 2002 Last Revised: 27 Jun 2010
Patric H. Hendershott and Kevin E. Villani
University of Aberdeen - Centre for Property Research and Imperial Credit Industries, Inc.
Downloads 14 (491,818)
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85.

The Market for Home Mortgage Credit: Recent Changes and Future Prospects

NBER Working Paper No. w3548
Number of pages: 38 Posted: 07 Jan 2008 Last Revised: 13 Sep 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 13 (481,248)
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86.

Real Rents and Household Formation: the Effect of the 1986 Tax Reform Act

NBER Working Paper No. w3309
Number of pages: 29 Posted: 11 Jul 2007 Last Revised: 19 Jul 2010
Donald R. Haurin, Patric H. Hendershott and Dongwook Kim
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Rochester - Wallis Institute of Political Economy
Downloads 13 (513,152)

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87.

Tenure Choice of American Youth

NBER Working Paper No. w3310
Number of pages: 33 Posted: 04 Jul 2004 Last Revised: 20 Jul 2010
Donald R. Haurin, Patric H. Hendershott and Dongwook Kim
Ohio State University (OSU) - Economics, University of Aberdeen - Centre for Property Research and University of Rochester - Wallis Institute of Political Economy
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88.

The Impacts on Capital Allocation of Some Aspects of the Economic Recovery Tax Act of 1981

NBER Working Paper No. w0825
Number of pages: 47 Posted: 07 Jan 2008
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 12 (502,374)
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89.

Tax Policy and Stock Prices

NBER Working Paper No. w2094
Number of pages: 21 Posted: 25 Jul 2007 Last Revised: 23 Sep 2010
Thomas Downs and Patric H. Hendershott
Boston College - Carroll School of Management and University of Aberdeen - Centre for Property Research
Downloads 12 (481,248)
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90.

Reforming Conforming Loan Limits: the Impact on Thrift Earnings and Taxpayer Outlays

NBER Working Paper No. w3010
Number of pages: 29 Posted: 14 Apr 2007
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and DePaul University
Downloads 12 (507,709)

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91.

Mortgage Revenue Bonds: Tax Exemption with a Vengeance

NBER Working Paper No. w0447
Number of pages: 32 Posted: 19 Jun 2004 Last Revised: 23 Sep 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
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92.

Independent Living and Homeownership: An Analysis of Australian Youth

NBER Working Paper No. w4450
Number of pages: 41 Posted: 11 Jun 2007 Last Revised: 31 Aug 2010
Steven C. Bourassa, R. Jean Haurin, Donald R. Haurin and Patric H. Hendershott
Florida Atlantic University, affiliation not provided to SSRN, Ohio State University (OSU) - Economics and University of Aberdeen - Centre for Property Research
Downloads 11 (497,042)
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93.

The Decline in Aggregate Share Values: Inflation, Taxation, Risk and Profitability

NBER Working Paper No. w0370
Number of pages: 28 Posted: 06 Jul 2004 Last Revised: 08 Jul 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 11 (507,709)
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94.

Household Formation and Home Ownership: the Impacts of Demographics Andtaxes

NBER Working Paper No. w2375
Number of pages: 40 Posted: 06 Apr 2007 Last Revised: 30 Jun 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 10 (507,709)

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95.

Tax Reform, Interest Rates and Capital Allocation

NBER Working Paper No. w1708
Number of pages: 45 Posted: 05 Jul 2004 Last Revised: 06 Sep 2010
Patric H. Hendershott
University of Aberdeen - Centre for Property Research
Downloads 10 (507,709)
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96.

Equity and Nonequity Determinants of FHA Single-Family Mortgage Foreclosures in the 1980s

NBER Working Paper No. w4440
Number of pages: 31 Posted: 14 Aug 2007
Patric H. Hendershott and William Schultz
University of Aberdeen - Centre for Property Research and affiliation not provided to SSRN
Downloads 4 (544,512)
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97.

The Continued Interest Rate Vulnerability of Thrifts

NBER Working Paper No. w3415
Number of pages: 38 Posted: 05 Oct 2009 Last Revised: 30 Oct 2009
Patric H. Hendershott and James D. Shilling
University of Aberdeen - Centre for Property Research and affiliation not provided to SSRN
Downloads 3 (559,550)
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98.

How Taxes and Required Returns Drove Commercial Real Estate Valuations Over the Past Four Decades

FRB of Dallas Working Paper No. 1703
Number of pages: 47 Posted: 14 Feb 2017
John V. Duca, Patric H. Hendershott and David C. Ling
Federal Reserve Banks - Federal Reserve Bank of Dallas, University of Aberdeen - Centre for Property Research and University of Florida - Warrington College of Business Administration
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99.

Explaining Real Commercial Rents Using an Error Correction Model with Panel Data

Journal of Real Estate Finance & Economics, Vol. 24, No. 1 & 2
Posted: 15 May 2002
Patric H. Hendershott, Bryan MacGregor and Michael White
University of Aberdeen - Centre for Property Research, University of Aberdeen - Centre for Property Research and University of Aberdeen - Centre for Property Research

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panel estimation, error correction, regional rent models

100.

U.S. Office Market Values During the Past Decade: How Distorted Have Appraisals Been?

REAL ESTATE ECONOMICS, Summer 1995
Posted: 03 May 2000
Patric H. Hendershott and Edward J. Kane
University of Aberdeen - Centre for Property Research and Boston College - Department of Finance

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101.

Property Asset Bubbles: Evidence from the Sydney Office Market

The Journal of Real Estate Finance and Economics, Vol. 20, No. 1
Posted: 18 Nov 1999
Patric H. Hendershott
University of Aberdeen - Centre for Property Research

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102.

Taxes, House Prices and Housing Consumption

95-9, The Charles A. Dice Center for Research in Financial Economics Working Papers Series
Posted: 07 Jul 1998
Dennis R. Capozza, Richard K. Green and Patric H. Hendershott
Ross School of Business, University of Michigan, University of Southern California - Lusk Center for Real Estate and University of Aberdeen - Centre for Property Research

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The Workings of the London Office Market

THE CHARLES A. DICE CENTER FOR RESEARCH IN FINANCIAL ECONOMICS
Posted: 09 Feb 1998
Patric H. Hendershott
University of Aberdeen - Centre for Property Research

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The Workings of the London Office Market

Real Estate Economics, Volume 27, Number 2, Summer 1999, Cass Business School Research Paper
Posted: 26 Aug 1999
Patric H. Hendershott, Colin Lizieri and George Matysiak
University of Aberdeen - Centre for Property Research, University of Cambridge - Department of Land Economy and City University London - Faculty of Finance

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104.

Taxes and House Prices

The Charles A. Dice Center Working Paper Series 97-16
Posted: 23 Dec 1997
Dennis R. Capozza, Richard K. Green and Patric H. Hendershott
Ross School of Business, University of Michigan, University of Southern California - Lusk Center for Real Estate and University of Aberdeen - Centre for Property Research

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