Eli Beracha

College of Business
Florida International University

FIU Downtown on Brickell
1101 Brickell Avenue
Miami, FL 33131-3105

Phone: (305) 779-7906
Email: eberacha@fiu.edu

Eli Beracha

Director, Tibor and Sheila Hollo School of Real Estate

Hollo Research Fellowship

Professor, Tibor and Sheila Hollo School of Real Estate

College of Business
Florida International University

FIU Downtown on Brickell
1101 Brickell Avenue
Miami, FL 33131-3105

Phone: (305) 779-7906
Email: eberacha@fiu.edu


Education

Ph.D. in Business
University of Kansas, Lawrence, Kansas

Master of Arts in Economics
University of Kansas, Lawrence, Kansas

Bachelor of Science in Computer Engineering
University of Kansas, Lawrence, Kansas

Areas of Expertise

  • Buy vs. rent decisions
  • Housing
  • Real Estate Investment

Courses Taught

  • Advanced Real Estate Investment Valuation
  • Finance Dissertation Preparation
  • Finance Doctoral Independent Study
  • Finance Internship
  • Ph.D. Dissertation
  • Real Estate Invest
  • Real Estate Market Analysis
  • Real Estate Markets, Institutions and Practices
  • Seminar in International Real Estate

Publications

  • Beracha E., Lin Z., Freybote J., & Seiler M.

    (2024).

    <span style="font-size:11pt;">Time on Market and the Cash Discount for Condos</span>.

    Journal of Real Estate Finance and Economics

    , 68()

    .

  • Beracha E., Ahlefedt-Dehn B., Deppner J., & Schafers W.

    (2023).

    <span style="font-size:11pt;">Boosting the Accuracy of Commercial Real Estate Appraisals – An Interpretable Machine Learning Approach</span>.

    Journal of Real Estate Finance and Economics

    , Published online()

    .

  • Beracha, E., Downs, D., & MacKinnon, G.

    (2023).

    <span style="font-size:11pt;">Is There Value in Vacancy?</span>.

    Journal of Portfolio Management

    , 49(10)

    .

  • Beracha, E., Schafers, W., Ahlefedt-Dehn, B., & Deppner, J.

    (2023).

    <span style="font-size:12pt;">Increasing the Transparency of Pricing Dynamics in the U.S. Commercial Real Estate Market with Interpretable Machine Learning Algorithms</span>.

    Journal of Portfolio Management

    , 49(10)

    .

  • Beracha, E., Anderson, R., & Propper, S.

    (2022).

    <span style="font-size:11pt;">The impact of real estate allocation on investors’ ability to generate real income</span>.

    Journal of Property Research

    , 39(2)

    .

  • Beracha, E., Johnson, K., & Gravatt, D.

    (2022).

    A Note on the Estimation of the Degree of Over- or Under-Pricing of Housing Markets Relative to their Long-Term Pricing Trend Journal of Housing Research.

    Journal of Housing Research

    , 31(1)

    .

  • Beracha, E., Anderson, R., & Propper, S.

    (2022).

    <span style="font-size:11pt;">The Effect of Interest Rates on REITs Valuation and Future Returns</span>.

    Journal of Investing

    , 31(5)

    .

  • Beracha, E., Anderson, R., & Propper, S.

    (2022).

    <span style="font-size:11pt;">The impact of real estate allocation on investors’ ability to generate real income</span>.

    Journal of Property Research

    , 39(2)

    .

  • Beracha, E., He, Z., Wintoki, B., & Xi, Y.

    (2022).

    <span style="font-size:11pt;">On the Relation between Innovation and Housing Prices – A Metro Level Analysis of the US Market</span>.

    Journal of Real Estate Finance and Economics

    , 65(4)

    .

  • Hardin, W. G., & Beracha, E.

    (2021).

    The Housing Price Premium Associated with Charter Schools.

    Real Estate Economics

    , 49(4)

    .

  • Beracha, E., Cashman, G., & Skiba, H. (2021). Specialization and Institutional Investors’ Performance – Evidence from Publicly Traded Real Estate. Journal of Real Estate Finance and Economics, 62(1).
  • Beracha, E., & Hardin, W. G. (2020). The Housing Price Premium Associated with Charter Schools. Real Estate Economics.
  • Beracha, E., & Hardin, W. G. (2020). The Housing Price Premium Associated with Charter Schools. Real Estate Economics.
  • Beracha, E., Johnson, K. H., & Feng, W. (2020). Can the BH&J Buy vs. Rent Index Anticipate Housing Price Movements? Journal of Housing Research, 20(1).
  • Lin, Z., Freybote, J., & Beracha, E.

    (2019).

    The Determinants of the Ex Ante Risk Premium in Commercial Real Estate.

    Journal of Real Estate Research

    , 41(3)

    .

  • Beracha, E., Feng, Z., & Hardin, W. G. (2019). REIT Operational Efficiency and Shareholder Value. Journal of Real Estate Research, 41(4).
  • Hardin, W. G., Feng, Z., & Beracha, E.

    (2019).

    REIT Operational Efficiency: Performance, Risk and Return.

    Journal of Real Estate Finance and Economics

    .

  • Beracha, E., Freybote, J., & Lin, Z. (2019). The Determinants of the Ex Ante Risk Premium in Commercial Real Estate. Journal of Real Estate Research, 41(3).
  • Beracha, E., Lang, M., & Hausler, J. (2019). On the Relationship between Market Sentiment and Commercial Real Estate Performance – A Textual Analysis Examination. Journal of Real Estate Research, 41(4).
  • Hardin, W. G., Feng, Z., & Beracha, E. (2019). REIT Operational Efficiency: Performance, Risk and Return. Journal of Real Estate Finance and Economics, 58(3).
  • Beracha, E., & Hardin, W. (2018). The Capitalization of School Quality into Renter and Owner Housing. Real Estate Economics, 46(1).
  • Beracha, E., Below, S., & Skiba, H. (2017). The Impact of Hurricanes on the Selling Price of Coastal Residential Real Estate. Journal of Housing Research, 26(2).
  • Beracha, E., Downs, D., & MacKinnon, G. (2017). Are High CAP Rate Properties Better Investment? Journal of Portfolio Management.
  • Beracha, E., Downs, D., & MacKinnon, G. (2017). The 4% Rule: Does Real Estate Make a Difference? Journal of Property Research, 34(3).
  • Beracha, E., Gilbert, B., Kjorstad, T., & Womack, K. (2017). On the Relation between Local Amenities and House Price Dynamics. Real Estate Economics.
  • Beracha, E., Hardin, W., & Skiba, H. (2017). Real Estate Market Segmentation: Hotel as Exemplar. Journal of Real Estate Finance and Economics, 56(2).
  • Beracha, E., Johnson, K., & Skiba, A. (2017). A Revision of the American Dream of Homeownership. Journal of Housing Research, 26(1).
  • Beracha, E., Johnson, K., & Skiba, A. (2017). Housing Ownership Decision in the Framework of Household Portfolio Choice. Journal of Real Estate Research, 39(2).
  • Beracha, E., & Downs, D. (2015). Value and Momentum in Commercial Real Estate: A Market-Level Analysis. Journal of Portfolio Management.
  • Beracha, E., & Seiler, M. (2015). The Effect of Pricing Strategy on Home Selection and Transaction Prices: An Investigation of the Left-Most Digit Effect. Journal of Housing Research, 24(2).
  • Beracha, E., Below, S., & Skiba, H. (2015). Land Erosion and Coastal Home Values. Journal of Real Estate Research, 37(4).
  • Beracha, E., & Seiler, M. (2014). The Effect of Listing Price Strategy on Residential Home Selection and Ultimate Selling Price. Journal of Real Estate Finance and Economics, 49(2).
  • Beracha, E., Fedinia, M., & Skiba, H. (2014). Culture's Impact on Institutional Investor's Trading Frequency. International Review of Financial Analysis, 31.
  • Beracha, E., & Skiba, H. (2013). Findings from a Cross-Sectional Housing Risk-Factor Model. Journal of Real Estate Finance and Economics, 47(2).
  • Beracha, E., & Wintoki, J. (2013). Predicting Future Home Price Changes Using Current Google Search Data. Journal of Real Estate Research, 35(3).
  • Anderson, C., & Beracha, E. (2012). Frothy Housing Markets and Local Stock-Price Movements. Journal of Real Estate Finance and Economics, 45(2).
  • Beracha, E., & Johnson, K. (2012). Lessons from over 30 Years of Buy versus Rent Decisions: Is the American Dream Always Wise? Real Estate Economics, 40(2).
  • Beracha, E., & Seiler, M. (2012). The Rent versus Buy Decision: Investigating the Needed Property Appreciation Rates to be Indifferent between Renting and Buying Property. Journal of Real Estate Practice and Education, 15(2).
  • Beracha, E., Hirschey, M., & Skiba, H. (2012). The Ship Appears to be Turning. Journal of Housing Research, 21(2).
  • Anderson, C., & Beracha, E. (2011). Local Comovement in REIT Returns: Implications for Portfolio Performance. Journal of Real Estate Portfolio Management, 17(2).
  • Beracha, E., & Skiba, H. (2011). Momentum in Residential Real Estate. Journal of Real Estate Finance and Economics, 43(3).
  • Anderson, C., & Beracha, E. (2010). Home Price Sensitivity to Capital Market Factors: Analysis of Zip Code Data. Journal of Real Estate Research, 32(2).
  • Beracha, E., & Tibbs, S. (2010). A Closer Look at the Value of Tax Benefits for Homeowners. Journal of Real Estate Practice and Education, 13(2).
  • Beracha, E. (2009). Capitalization of Seller Paid Concessions near the Peak of the Housing Bubble. Journal of Housing Research, 18(2).
  • Beracha, E., & Hirschey, M. (2009). 'When Will Housing Recover?': Authors' Response. Financial Analyst Journal, 65(3).
  • Beracha, E., & Hirschey, M. (2009). When Will Housing Recover? Financial Analyst Journal, 65(2).
  • Anderson, C., & Beracha, E. (2008). Robustness of the headquarters city effect on stock returns. Journal of Financial Research, 31(3).
  • Beracha, E., & Prati, R. (2008). Capitalization Rate After the Housing Bubble: Irrational Expectations? Real Estate Review, 37(4).
  • Beracha, E., & Prati, R. (2008). How Major Hurricanes Impact Housing Prices and Transaction Volume? Real Estate Issues, 33(1).

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