{"title":"Retail Development Externalities for Housing Values","authors":"Antti Kurvinen, Jonathan A. Wiley","doi":"10.1080/10835547.2019.12092155","DOIUrl":"https://doi.org/10.1080/10835547.2019.12092155","url":null,"abstract":"Abstract In this research study, we investigate one of the most frequently debated questions in real estate development today: What impact does retail development have on surrounding residential pr...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124448361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Housing Market Microstructure: What is a Competing House?","authors":"G. Turnbull, Velma Zahirovic-Herbert","doi":"10.1080/10835547.2019.12092154","DOIUrl":"https://doi.org/10.1080/10835547.2019.12092154","url":null,"abstract":"Abstract Housing market microstructure focuses on how neighborhood market conditions affect prices and liquidity. In this paper, we test alternative empirical microstructure models in which substit...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129960515","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Housing Depreciation Revisited: Hedonic Price Modeling Versus Assessor Estimates","authors":"S. Shultz","doi":"10.1080/10835547.2018.12092140","DOIUrl":"https://doi.org/10.1080/10835547.2018.12092140","url":null,"abstract":"Abstract Age and condition driven rates of structural depreciation for single-family housing based on hedonic price modeling representing the perceptions of home buyers/sellers are compared to tax assessor depreciation estimates for 47,000 homes in Sarpy County Nebraska. A hedonic price model with age specified as linear generated depreciation rates 11% below assessor rates with differences ranging from 43% lower to 13% higher across four classes of home values. A quadratic-age specification generated depreciation 39% above assessor rates with a range of 15% to 162% higher. A third model, with both quadratic-age and age-condition interaction variables, generated depreciation 27% higher than assessor rates with a range of 8% to 128%. If the goal of hedonic-based housing depreciation modeling is to converge with assessor-derived depreciation estimates based on widely used proprietary cost estimation software and data, then a linear model specification with respect to home age is recommended. Regardless of f...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134044748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of Homeowners Association Fees on Condominium Prices","authors":"Andrew Narwold, Vivek Sah, Stephen J. Conroy","doi":"10.1080/10835547.2018.12092142","DOIUrl":"https://doi.org/10.1080/10835547.2018.12092142","url":null,"abstract":"Abstract We investigate whether homeowners' association (HOA) fees are capitalized into condominium sales prices in San Diego, California. Prior work has found evidence that HOA fees are generally positively capitalized into housing prices, although the investigations have focused on single-family housing and have been conducted on the East Coast or the Midwest of the United States. Using sales of 1,087 condominiums in downtown San Diego, the results suggest that HOA fees do appear to have a marginally positive effect on sales price. We use a condominium data set to test whether the relative HOA fee (i.e., compared to other fees in the same condominium building) matters. We find that condominium units with below-average HOA fees sell at a premium relative to the average and units that pay above-average HOA fees sell at a discount relative to the average condominium. The differences are capitalized into sales prices using a capitalization rate of approximately 3.5%. These results suggest that buyers dislik...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134255163","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Rokshana Binta Samad, Tandra Das, Arpan Mitra, I. Nowshin
{"title":"Assessment of Job-Housing Scenario and Its Impacts on the Dwellers of Chittagong City","authors":"Rokshana Binta Samad, Tandra Das, Arpan Mitra, I. Nowshin","doi":"10.1080/10835547.2018.12092148","DOIUrl":"https://doi.org/10.1080/10835547.2018.12092148","url":null,"abstract":"Abstract One of the issues in land use planning today is jobs-housing balance. Like most other developing countries, Bangladesh fails to manage the balance between job and housing capacity and this...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"116 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121342754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Christopher L. Cain, Daniel Huerta-Sanchez, Norman Maynard
{"title":"Housing Crisis Spillover Effects in Areas of High Concentration of Non-Primary Residences","authors":"Christopher L. Cain, Daniel Huerta-Sanchez, Norman Maynard","doi":"10.1080/10835547.2018.12092147","DOIUrl":"https://doi.org/10.1080/10835547.2018.12092147","url":null,"abstract":"Abstract Prior research finds that non-primary residences will have higher mortgage default rates and foreclosure rates than first homes. We investigate sub-markets with high concentrations of non-...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134391581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Structural Breaks: A Shift of Roles in the Relationship between Real Estate and Regional Industry","authors":"Changha Jin, Alan Tidwell, P. Seagraves","doi":"10.1080/10835547.2018.12092146","DOIUrl":"https://doi.org/10.1080/10835547.2018.12092146","url":null,"abstract":"Abstract We conduct an analysis of connectivity between regional housing markets and regional industry by examining 10 consolidated metropolitan statistical areas (CMSAs) in the Case-Shiller Index ...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132138287","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Demonstrating a New Measure & Index of U.S. Homebuilder Confidence","authors":"Andrew Sanderford, A. McCoy, Dong Zhao","doi":"10.1080/10835547.2018.12092145","DOIUrl":"https://doi.org/10.1080/10835547.2018.12092145","url":null,"abstract":"Abstract Our objective in this paper is to apply behavioral economic theory and evidence from market actor perception surveys to the housing industry to demonstrate a new measure of homebuilder con...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"115 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123458531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Connotation and Textual Analysis in Real Estate Listings","authors":"K. Goodwin, B. Waller, H. Weeks","doi":"10.1080/10835547.2018.12092149","DOIUrl":"https://doi.org/10.1080/10835547.2018.12092149","url":null,"abstract":"Abstract Real estate listings typically include objective, factual information about property characteristics, along with subjective, descriptive language. How the agent constructs the content of t...","PeriodicalId":142492,"journal":{"name":"Journal of Housing Research","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133094176","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}