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| An Updated Look at the Size of the U.S.
Real Estate Market Portfolio Author: David J. Hartzell, Robert H. Pittman, and David H. Downs Start Page: 197 Abstract: Using 1989 data on
aggregate real estate values for a sample of counties, this paper develops estimates of
the total value of real estate by property type in the United States. The values for
commercial and residential property are also reported by region and for the forty-four
largest MSAs. The estimated total value of commercial real estate is compared with the
value of other investment asset classes, and implications are drawn for investment
portfolios. |
