全球智库信息集成服务系统(G2TT): Total Returns to Single Family Rentals

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21804
来源ID	Working Paper 21804
	Total Returns to Single Family Rentals
	Andrea Eisfeldt; Andrew Demers
发表日期	2015-12-14
出版年	2015
语种	英语
摘要	The market value of US Single Family Rental assets totals more than $2.3 trillion. We provide the ﬁrst systematic analysis of total returns to Single Family Rentals in a long, broad, and granular panel. Total returns are approximately equalized across US cities at 8.5%, similar to average equity returns. On average, net rental yields and house price appreciation each contribute half total returns. However, they are negatively correlated in the cross section of cities. High-price-tier cities accrued more capital gains, while low-price-tier cities had higher net rental yields. Within cities, lower-price-tier zip codes have higher total returns.
主题	Financial Economics ; Portfolio Selection and Asset Pricing ; Regional and Urban Economics ; Real Estate
URL	https://www.nber.org/papers/w21804
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/579478
推荐引用方式 GB/T 7714	Andrea Eisfeldt,Andrew Demers. Total Returns to Single Family Rentals. 2015.