Corpus ID: 16451128

- 1-Real Estate Risk : A Forward Looking Approach

@inproceedings{Wheaton20011E,
  title={- 1-Real Estate Risk : A Forward Looking Approach},
  author={W. Wheaton and D. Ph. and Raymond G. Torto and Cre and P. Sivitanides and J. Southard and Robert E. Hopkins and James Costello},
  year={2001}
}
Executive Summary: In this paper we argue forcefully that real estate is a predictable asset class (unlike stocks and bonds} and propose a forward-looking methodology for evaluating real estate market risk. Using a modern time-series modeling approach, VAR, we argue that it is possible to quantify such risk, as the standard error of the forecast for each variable in a real estate model. Subsequently, we outline an approach for assessing income and value risk in commercial real estate, based on… Expand

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