Trends in Real Estate Research, 1988–2001: What’s Hot and What’s Not

Abstract

This paper examines publications and citations for topic and technique trends in JREFE and REE during the period 1988±2001. Publication and citation patterns reveal real estate as a largely empirical ®eld. The mix of topics and techniques published by the two journals as well as sources cited and garnering citations are converging over time. Within topic or technique categories, the most frequently cited papers or authors tend to garner citations that vary with the relative popularity of the category in the broader literature. Yet, the impacts of top contributors re¯ect signi®cant contributions outside their most cited research in one specialized one topic area or technique.

The Dynamics of Appraisal Smoothing

“…Under‐ or over‐unsmoothed returns over different periods may result in inappropriate market timing or asset allocation where different asset classes are compared . Given the extensive volume of research on smoothing in the real estate literature (Domrow and Turnbull ), it is surprising to find that few studies investigate how the appraisal smoothing changes over time in real estate valuation.…”

Commercial Real Estate Returns: An Anatomy of Smoothing in Asset and Index Returns

“…The treatment of appraisal‐based returns has received significant attention in real estate research. Evidence from a review of real estate articles suggests that research on this topic dominates the citation list in real estate journals (Dombrow and Turnbull 2004). While an emerging strand of research has focused on transaction‐based returns series (see Fisher, Geltner and Pollakowski 2007), the use of appraisal‐based returns remains common in the academic literature 1 and is still widely present in commercial research applications.…”

An analysis of papers published in theJournal of European Real Estate Research, 2008-2019

“…This is possibly a reflection of the fact that for promotion and tenure purposes French scholars tend to opt for publication outlets that are either more general (such as in finance or economics) or in regional/urban economics. Only 9% of papers are theoretical or conceptual, confirming the fact that real estate research is largely empirical in nature (Dombrow and Turnbull, 2004). This proportion, however, has been increasing during the 12-year period during which JERER has been in existence.…”

“…With respect to the main themes of papers published in real estate journals, Dombrow and Turnbull (2004) examine publications in JREFE and REE for the period 1988–2001. Over the whole period, the three main themes were mortgages, investments and appraisal.…”