Real Estate Markets Are Informationally Efficient: Evidence from Buyer and Agent/Broker Surveys

This article presents new evidence based on unpublished buyer surveys and real estate agent and broker surveys supporting the consensus in the published literature that real estate markets are informationally efficient. This evidence is drawn from expert reports submitted in litigation involving claims that contamination caused property value diminution, and presents a new hedonic regression model of residential sales prices that includes as an independent variable the state of knowledge of the buyer regarding a contamination event. In this model the state of knowledge of the buyer has no statistically significant effect on the sales price. The article also discusses standards for the use of buyer and agent/broker surveys in litigation.     

Morocco and the United States: A lobbying opportunity

Morocco is going to have to become more adept at lobbying its interests in the US if the free trade area between the two countries has a chance of success.     

The al Houthi Insurgency in the North of Yemen: An Analysis of the Shabab al Moumineen

The Yemeni government has fought an insurgency in the north of Yemen against a group called the Shabab al Moumineen, (Believing Youth) since 2004. The insurgency is portrayed by the Yemeni government in the press as a localized phenomenon led by the single al Houthi family and state that their ranks have been decimated by near-continuous fighting. However, the al Houthi Insurgency, led by the Shabab al Moumineen, is far more than a localized uprising: it is a full-blown insurgency–and one that Yemen's government and people may not be prepared to combat. This article explains the origin of the Shabab al Moumineen and conveys the importance of this conflict in Yemen and its potential multiple impacts on the broader Middle East.