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Working paper series

The Guthrie Center for Real Estate Research was created to encourage more academic research in real estate, a discipline that is complex and ever-changing. The dramatic real estate market cycles of the last decade have impacted the national and global economy more than ever. We have also seen innovation in technology and finance that have influenced development and capital markets related to real estate. We look forward to the Guthrie Center’s research becoming a valuable resource for the real estate industry.

September 2021: Mortgage Prepayment and Path-Dependent Effects of Monetary Policy by David Berger, Konstantin Milbradt, Fabrice Tourre, and Joseph Vavra

August 2018: No Job, No Money, No Refi: Frictions to Refinancing in a Recession 

February 2018: The Impact of Risk Retention Regulation on the Underwriting of Securitized Mortgages by Craig Furfine

October 2017: Regulating Household Leverage by Anthony A. DeFusco, Stephanie Johnson and John Mondragon

June 2017: Making the House a Home: The Stimulative Effect of home Purchases on Consumption and Investment by Efraim Benmelech, Adam Guren and Brian T. Melzer

March 2016: Homeowner Borrowing and Housing Collateral: New Evidence from Expiring Price Controls By Anthony A. DeFusco

March 2015: An Extrapolative Model of House Price Dynamics By Charles G. Nathanson and Edward L. Glaeser

September 23, 2014: Positive Externalities of Social Insurance: Unemployment Insurance and Consumer Credit By Joanne W. Hsu, David A. Matsa, and Brian T. Melzer

September 2014: Arrested Development: Theory and Evidence of Supply-Side Speculation in the Housing Market By Charles G. Nathanson and Eric Zwick

June 2014: The Agglomeration of Bankruptcy By Efraim Benmelech

Research paper archive

August 2012: "Housing's Albatross - Negative equity weighs on the market" Based on the research of Assistant Professor of Finance Brian Melzer

June 2012: "American Real Estate Firms' Failure to Buy-in to Morocco's Vision: Why American FDI in the Real Estate Sector Will Continue to Lag" By Breanne Henkelman JD-MBA 2012, for an independent study project.

April 13, 2011: "Mortgage Debt Overhang: Reduced Investment by Homeowners with Negative Equity" By Assistant Professor of Finance Brian Melzer

March 28, 2011: "Market Timing and Investment Selection: Evidence from Real Estate Investors 2010" By Assistant Professor of Finance Yael Hochberg with Professor Tobias Muhlhofer (Kelley School of Business, at Indiana University). Real Estate Research Institutue 2010 Grant Recipient

May 2009: "Liquidity Rules - Manage innovation or risk repeating history" Based on the research of Professor Ricardo J. Caballero (MIT) and Harold L. Stuart Professor of Finance Arvind Krishnamurthy

Additional resources for faculty research include Kellogg Insight and Kellogg Case Publishing

Contact us about the Guthrie Center for Real Estate Research