When Online Lending Meets Real Estate: An Empirical Investigation of Lender Behavior in Real-Estate Crowdfunding

2019 ◽  
Author(s):  
Yang Jiang ◽  
Yi-Chun (Chad) Ho ◽  
Xiangbin Yan ◽  
Yong Tan
Keyword(s):  
Real Estate ◽  
Empirical Investigation ◽  
Online Lending

Farm Real Estate Pricing under Risk: An Empirical Investigation

1982 ◽  
Vol 49 (1) ◽  
pp. 77 ◽  
Author(s):  
Fred C. White ◽  
Rod F. Ziemer
Keyword(s):  
Real Estate ◽  
Empirical Investigation

When Online Lending Meets Real Estate: Examining Investment Decisions in Lending-Based Real Estate Crowdfunding

2020 ◽  
Vol 31 (3) ◽  
pp. 715-730 ◽  
Author(s):  
Yang Jiang ◽  
Yi-Chun (Chad) Ho ◽  
Xiangbin Yan ◽  
Yong Tan
Keyword(s):  
Real Estate ◽  
Emerging Market ◽  
Housing Prices ◽  
Investment Behavior ◽  
Stock Market Volatility ◽  
Data Set ◽  
Promising Alternative ◽  
Large Platform ◽  
Lending Decisions ◽  
Online Lending

Lending-based real estate crowdfunding, which involves the use of real estate to secure loans, has emerged as a promising alternative with lower risk than peer-to-peer lending. This study provides insights into understanding how lenders’ investment behavior is shaped by various information in such an emerging market. Using a data set from a large platform over 17 months, the authors find that lenders as a whole prefer loans secured by a borrower’s house to those secured by a mortgage, as reflected in quicker and larger lending transactions. Experienced lenders tend to invest more aggressively, in both time and amount, but exhibit a weaker preference for loans secured by a borrower’s house. A rise in housing prices is associated with quicker lending decisions, and this association is found to be stronger for loans secured by a borrower’s house. When stock market volatility is large, lenders tend to slow down their investments; such a tendency is attenuated for loans secured by a mortgage. The authors suggest that lender heterogeneity in responding to different collateral types should be incorporated into the platform’s design of an automatic transaction or a recommender system. Moreover, platform managers should consider economic conditions at the macro level when deploying their marketing strategy.

scholarly journals Consumers' Choice Factors for Buying Residential Property in the Philippines: An Empirical Investigation

2020 ◽  
Vol 9 (4) ◽  
pp. 271-276
Author(s):  
Jose Mari Marcella Lee ◽  
Eduardo G. Ong
Keyword(s):  
Real Estate ◽  
Purchase Intention ◽  
Empirical Investigation ◽  
The Philippines ◽  
The Other ◽  
Residential Property ◽  
High Importance ◽  
Other Hand ◽  
Level Of Importance ◽  
Very High

The researcher studied and investigated the level of importance of consumers’ choice mainly price, location, safety and security, facilities and amenities, and exclusivity in the Philippines. This research was limited to 400 potential residential property buyers from any of the top 10 real estate developers in the Philippines. This study focused on 5 consumers’ choice factors mainly price, location, safety and security, facilities and amenities, and exclusivity towards purchase intention of residential property in the Philippines. Among the 5 consumers’ choice factors for buying residential property, the number one consideration is the safety and security (Mean = 5.530), followed by price (Mean = 5.488), location (Mean = 5.424), facilities and amenities (Mean = 5.266), and exclusivity (Mean = 4.983). From this study, four out of five consumers’ choice factors are rated very high important namely: price, location, safety and security, and facilities and amenities. On the other hand, exclusivity is rated of high importance in terms of buying a residential property.

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