Journal of Housing Economics最新文献

The impact of mortgage rates on the housing market 抵押贷款利率对房地产市场的影响

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-07-05 DOI: 10.1016/j.jhe.2025.102079

Martin Časta

引用次数: 0

Low-rise multifamily and housing supply: A case study of seattle 低层多户住宅与住房供应：以西雅图为例

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-06-23 DOI: 10.1016/j.jhe.2025.102082

Tobias Peter , Edward Pinto , Joseph Tracy

引用次数: 0

Equity of educational outcomes and families’ school choices preferences: Evidence from education reform in China 教育成果公平与家庭择校偏好：来自中国教育改革的证据

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-06-11 DOI: 10.1016/j.jhe.2025.102080

Jing Xue , Zhenzhen Liu , Jian Tong , Chengxuan Li

{"title":"Equity of educational outcomes and families’ school choices preferences: Evidence from education reform in China","authors":"Jing Xue , Zhenzhen Liu , Jian Tong , Chengxuan Li","doi":"10.1016/j.jhe.2025.102080","DOIUrl":"10.1016/j.jhe.2025.102080","url":null,"abstract":"<div><div>Integrating equity of outcomes into China’s basic education equalization reform marks a significant step toward addressing the shortage of high-quality educational resources and spatial disparities in educational access. This paper develops a school choice model incorporating the quota allocation policy, and analyzes its impact on school choices and school district housing prices. Using a generalized difference-in-difference framework, we assess the impact of equity-of-outcomes policy in Shanghai, China. The empirical findings reveal that school district housing prices in Shanghai decline by 0.0466 % on average following the implementation of the quota allocation policy. Furthermore, families prioritize the competitive advantages of allocated quotas and minimum scores when making school choices. Additionally, the policy impact varies across income groups, with middle- and low-income households exhibiting greater responsiveness due to increased flexibility in school selection. By shifting parental preferences away from exclusive competition for elite junior high schools, the equity-of-outcomes reform fosters a more balanced distribution of student composition, ultimately enhancing educational quality and equity.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"69 ","pages":"Article 102080"},"PeriodicalIF":1.4,"publicationDate":"2025-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144329806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Density zoning, neighborhood type, and exclusion by income and race 密度分区，社区类型，以及收入和种族的排斥

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-06-01 DOI: 10.1016/j.jhe.2025.102065

Noah J. Durst , Elise Breshears , Esther Sullivan , Danna Gutierrez Lanza

{"title":"Density zoning, neighborhood type, and exclusion by income and race","authors":"Noah J. Durst , Elise Breshears , Esther Sullivan , Danna Gutierrez Lanza","doi":"10.1016/j.jhe.2025.102065","DOIUrl":"10.1016/j.jhe.2025.102065","url":null,"abstract":"<div><div>In recent years, states and municipalities have taken steps to reform land use and zoning regulations. While prior research documents that density zoning contributes to residential segregation on the basis of income and race, the mechanisms remain largely unexplored. In this paper, we examine the relationship between density zoning, neighborhood type, and residential segregation. To do so, we use a national dataset of building footprints and machine learning to develop a neighborhood typology based on building characteristics. We then use land cover data to examine changes in building development in these neighborhoods between 2001 and 2019. Finally, we pair these data with demographics at the municipality level to examine changes in income and race between 2000 and 2020. In cross-sectional analyses, we find that density zoning is strongly associated with building characteristics and the presence of different neighborhood types. Although we find that density zoning is also associated with income and race, the effects are attenuated when accounting for neighborhood types. Our results provide new evidence into the ”chain of exclusion” between density zoning and residential segregation, as we find that density zoning is primarily associated with reductions in the supply of single-family housing along the urban fringe. Lastly, we find that maximum density restrictions and changes in maximum density cannot explain the changes in demographics that we observe during this time period. We do, however, find some evidence of a relationship between changes in building development and changes in demographics. These results demonstrate the potential effects of upzoning policies.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"68 ","pages":"Article 102065"},"PeriodicalIF":1.4,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144178314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

AC replacement: Heat of the moment or cool-headed choice?

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-05-05 DOI: 10.1016/j.jhe.2025.102068

Paul A. Brehm , Alecia Cassidy

引用次数: 0

Language proficiency and homeownership: Evidence from U.S. immigrants 语言能力和房屋所有权：来自美国移民的证据

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-05-03 DOI: 10.1016/j.jhe.2025.102067

Marc-André Luik , Max Friedrich Steinhardt , Simon Voss

引用次数: 0

Labor supply response to home value shocks: Evidence from Japan 劳动力供给对房价冲击的反应：来自日本的证据

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-04-28 DOI: 10.1016/j.jhe.2025.102069

Junya Hamaaki , Shinichiro Iwata

{"title":"Labor supply response to home value shocks: Evidence from Japan","authors":"Junya Hamaaki , Shinichiro Iwata","doi":"10.1016/j.jhe.2025.102069","DOIUrl":"10.1016/j.jhe.2025.102069","url":null,"abstract":"<div><div>This paper examines the extent to which the labor supply of homeowners aged 40 years or over responds to unanticipated shocks to home values in Japan. Our findings suggest that only older homeowners respond to home value shocks. While older women strive to remain in the labor force, they tend to reduce their hours worked. Specifically, we find that an unanticipated one standard deviation increase in home value leads to a 5.2% reduction in hours worked per week relative to their average. Among older men, a small proportion choose to exit the labor force, while others reduce their hours worked without leaving their job. Specifically, an unanticipated one standard deviation increase in home value leads to a decrease in the likelihood of labor force participation by 4.8% and a reduction in hours worked per week of 9.2%, both relative to their average. We also find that women respond to home value shocks at a younger age than men. Women decrease their hours worked per week from the age of 55, while men start to reduce theirs from the age of 65. The small and late response to a home value shock among older homeowners may reflect the peculiarities of Japan’s housing and labor markets.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"69 ","pages":"Article 102069"},"PeriodicalIF":1.4,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144212889","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Promoting social housing : Insights from redevelopment policies in Paris 促进社会住房：来自巴黎重建政策的见解

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-04-23 DOI: 10.1016/j.jhe.2025.102061

Lauriane Belloy, Fabien Candau

引用次数: 0

The spatial spillover effect of the multi-school zoning policies 多校区划政策的空间溢出效应

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-04-22 DOI: 10.1016/j.jhe.2025.102070

Tiantian Dai , Shenyi Jiang , Yang Ming , Xinyi Zhang

{"title":"The spatial spillover effect of the multi-school zoning policies","authors":"Tiantian Dai , Shenyi Jiang , Yang Ming , Xinyi Zhang","doi":"10.1016/j.jhe.2025.102070","DOIUrl":"10.1016/j.jhe.2025.102070","url":null,"abstract":"<div><div>Local governments in China have implemented a series of education and real estate policies to promote educational equity and mitigate the escalation of housing prices within school attendance zones. This paper examines the spatial spillover effects of changes in the probability of school enrollment, stemming from the implementation of the Multi-School Zoning Policies in Xicheng district, Beijing, on housing prices in neighboring districts. We first present a theoretical model and derive testable predictions. Subsequently, we utilize transaction-level data on previously owned homes to evaluate spillover effects in addition to direct treatment effects. A flexible event study model is employed to incorporate both the anticipatory effect induced by the early policy announcement and the post-treatment effect. Our findings highlight significant negative direct impacts on Xicheng’s average total home sale price (1.5 % to 2.8 %) and noteworthy positive spillover effects on home sale prices in neighboring districts (1.1 % to 1.6 %). Furthermore, the spillover effect operates as a general equilibrium effect, being more pronounced for housing units in better school attendance zones and that are smaller and closer to Xicheng district. Our findings suggest that in formulating regional policies to stabilize housing prices, policy makers should account for spillover effects to ensure that these policies align with the broader objectives of a larger region.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"68 ","pages":"Article 102070"},"PeriodicalIF":1.4,"publicationDate":"2025-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Capital structure, the adjusted present value, and mortgage choice 资本结构、调整后现值与抵押选择

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-04-18 DOI: 10.1016/j.jhe.2025.102066

Dogan Tirtiroglu , Ercan Tirtiroglu

引用次数: 0