Journal of Housing Economics最新文献_第10页

Household production, home improvement, and housing investment among older Americans 美国老年人的家庭生产、家庭装修和住房投资

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101836

Tim Murray , Richard A. Dunn

引用次数: 1

Effects of concentrated LIHTC development on surrounding house prices 城乡结合部集中开发对周边房价的影响

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101838

Richard Voith , Jing Liu , Sean Zielenbach , Andrew Jakabovics , Brian An , Seva Rodnyansky , Anthony W. Orlando , Raphael W. Bostic

{"title":"Effects of concentrated LIHTC development on surrounding house prices","authors":"Richard Voith , Jing Liu , Sean Zielenbach , Andrew Jakabovics , Brian An , Seva Rodnyansky , Anthony W. Orlando , Raphael W. Bostic","doi":"10.1016/j.jhe.2022.101838","DOIUrl":"10.1016/j.jhe.2022.101838","url":null,"abstract":"<div><p>The Low-Income Housing Tax Credit is the largest supply-side housing subsidy in the United States, with more than $8 billion worth of credits allocated per year. For a variety of reasons, LIHTC properties tend to be geographically concentrated in low-income urban communities. While numerous studies have examined the spillover effects of these properties on local property values, they have not accounted for the cumulative effects of clustering multiple LIHTC properties within an area. This paper examines the effects of introducing additional LIHTC developments in urban neighborhoods to determine whether the concentration of these affordable housing properties negatively affects local home values. We combine an interrupted time series model with a difference-in-difference approach to estimate the price effects in Chicago and surrounding Cook County, Illinois. We find some evidence that both stand-alone and clustered LIHTC developments generate positive price spillover effects on the surrounding neighborhoods; subsequent LIHTC projects do not affect prices negatively. The benefits are strongest within one quarter mile of the development, but smaller impacts prevail for up to a half mile from the LIHTC property. The positive impacts remain strong for at least 10 years after the initial development. The cumulative price effect is positive in both lower and higher-income areas and more significant in lower-income areas.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"56 ","pages":"Article 101838"},"PeriodicalIF":2.4,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1051137722000134/pdfft?md5=4511759284d9a7122e97b6f0889f5bcc&pid=1-s2.0-S1051137722000134-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48644527","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Loss aversion in housing appraisal: Evidence from Italian homeowners 房屋评估中的损失厌恶:来自意大利房主的证据

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101826

Andrea R. Lamorgese, Dario Pellegrino

{"title":"Loss aversion in housing appraisal: Evidence from Italian homeowners","authors":"Andrea R. Lamorgese, Dario Pellegrino","doi":"10.1016/j.jhe.2022.101826","DOIUrl":"10.1016/j.jhe.2022.101826","url":null,"abstract":"<div><p>Loss aversion is considered a driver of downward price rigidity in real estate markets: during downturns – when market price of their house is below the price at which they purchased it – loss averse homeowners do not evaluate their houses at the former one but anchor the resale price to the latter price. As a consequence, prices are sluggish to adjust downward, time to sale becomes longer, ask and transaction prices differ.</p><p>We document loss aversion for the Italian real estate market and complement the existing literature along two dimensions: (i) we test for loss aversion using homeowners’ evaluations of their houses, rather than ask or final prices, as customary in the literature; (ii) we document variation across household characteristics in the degree of loss aversion.</p><p>We find that homeowners subject to estimated losses stick to the price at which they purchased and do not revise their assessment in response to downward market conditions, whereas the evaluation of those expecting a gain is independent of previous sale prices. Although there is a strong case for loss aversion in our sample, we document some variation across demographic groups: poorer, younger and less educated households show more reference dependence than the average one.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"56 ","pages":"Article 101826"},"PeriodicalIF":2.4,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54506730","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: 5

Is There Discrimination in Property Taxation? Evidence from Atlanta, Georgia, 2010-2016 财产税存在歧视吗?证据来自亚特兰大，乔治亚州，2010-2016年

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101824

Michael Makovi

引用次数: 0

Regulation versus taxation: Efficiency of zoning and tax instruments as anti-congestion policies 管制与税收:作为反拥堵政策的分区和税收工具的效率

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101837

Georg Hirte , Hyuk-Ki Min , Hyok-Joo Rhee

引用次数: 1

Macroeconomic shocks and ripple effects in the Greater Paris Metropolis 大巴黎都市的宏观经济冲击和连锁反应

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2021.101823

Alain Coën , Alexis Pourcelot , Richard Malle

引用次数: 1

The local employment effect of house prices: Evidence from U.S. States 房价对当地就业的影响:来自美国各州的证据

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-03-01 DOI: 10.1016/j.jhe.2021.101805

N. Kundan Kishor , Hardik A. Marfatia , Gooan Nam , Majid Haghani Rizi

引用次数: 0

Regional housing wealth, relative housing wealth and labor market behavior 区域住房财富、相对住房财富与劳动力市场行为

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-03-01 DOI: 10.1016/j.jhe.2021.101811

Xiandeng Jiang , Ningru Zhao , Zheng Pan

引用次数: 3

Destination homeownership and labor force participation: Evidence from rural-to-urban migrants in China 目的地住房所有权与劳动力参与:来自中国城乡流动人口的证据

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-03-01 DOI: 10.1016/j.jhe.2022.101827

Naqun Huang , Guangjie Ning , Zhao Rong

引用次数: 3

How does ethnic discrimination on the housing market differ across neighborhoods and real estate agencies? 住房市场上的种族歧视在社区和房地产中介机构之间有何不同？

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-03-01 DOI: 10.1016/j.jhe.2021.101820

Abel Ghekiere , Pieter-Paul Verhaeghe

{"title":"How does ethnic discrimination on the housing market differ across neighborhoods and real estate agencies?","authors":"Abel Ghekiere , Pieter-Paul Verhaeghe","doi":"10.1016/j.jhe.2021.101820","DOIUrl":"10.1016/j.jhe.2021.101820","url":null,"abstract":"<div><p>Ethnic discrimination proves to be a persistent problem on the private rental market. However, little attention has been paid to contexts that might impact discrimination on the housing market, partly due to the fact that these factors have not been integrated into a comprehensive study. We aim to investigate whether the types of discriminatory behavior vary and/or are moderated by three types of contextual factors: (1) dwelling indicators, such as type of dwelling and price category; (2) neighborhood indicators, such as socioeconomic and ethnic composition of the neighborhood; and – to the best of our knowledge the first time in research - (3) real estate agency indicators, such as the gender structure and size of the agency. For this purpose, we made use of data from 2,014 matched correspondence tests on ethnic discrimination among 493 real estate agencies in Brussels Capital Region in Belgium. Our findings suggest that candidates of North African origin face discrimination when searching for an apartment to rent. We also found that discrimination is lower in poorer and more ethnically mixed neighborhoods and higher in smaller and male-dominated real estate offices. We call for a bigger focus on both spatial and organizational context in research on discrimination.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"55 ","pages":"Article 101820"},"PeriodicalIF":2.4,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41249348","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: 7