New place-to-place housing price indexes for U.S. Metropolitan areas, and their determinants

Real Estate Economics

Volumn 26, Issue 2, 1998, Pages 235-274

  Malpezzi, Stephen ^a   Chun, Gregory H ^a   Green, Richard K ^a  

^a UNIVERSITY OF WISCONSIN MADISON   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032375890     PISSN: 10808620     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6229.00745     Document Type: Article

References (50)

1. Abraham, J.M. and P.H. Hendershott. 1996. Bubbles in Metropolitan Housing Markets. Journal of Housing Research 7(2): 191-208.
2. Abraham, J.M. and W.S. Schauman. 1991. Evidence on House Prices from Freddie Mac Repeat Sales. Journal of the American Real Estate and Urban Economics Association 19(3): 333-352.
3. Alm, J. and J.R. Follain. 1994. Shocks and Valuation in the Rental Housing Market. Journal of Urban Economics 36(2): 117-142.
4. Bartik, T.J. 1987. The Estimation of Demand Parameters in Hedonic Price Models. Journal of Political Economy 95(1): 81-88.
5. Black, J.T. and J. Hoben. 1985. Land Price Inflation. Urban Geography 6(1): 27-49.
6. Blackley, D.M. and J.R. Follain. 1991. An Econometric Model of the Metropolitan Housing Market. Journal of Housing Economics 1(2): 140-167.
7. Buist III, H. 1991. The Wharton Urban Decentralization Project Database. University of Pennsylvania: Philadelphia, PA.
8. Butler, R.V. 1992. The Specification of Hedonic Indexes for Urban Housing. Land Economics 58(1): 96-108.
9. Case, K.E. and R.J. Shiller. 1987. Prices of Single Family Homes Since 1970: New Indexes for Four Cities. New England Economic Review 45-56.
10. Chambers, D.N. and D.B. Diamond Jr. 1988. Regulation and Land Prices. Paper presented at the American Real Estate and Urban Economics Association Mid-Year Meeting. Washington, DC.
11. Clapp, J.M. and C. Giaccotto. 1994. The Influence of Economic Variables on Local House Price Dynamics. Journal of Urban Economics 36(2): 161-183.
12. Cooley, T.F. and C.J. LaCivita. 1982. A Theory of Growth Controls. Journal of Urban Economics 12(2): 129-145.
13. DiMento, J.F., M.D. Dozier, S.L. Emmons, D.G. Hagman, C. Kim, K. Greenfield-Sanders, P.F. Waldau and J.A. Woolacott. 1980. Land Development and Environmental Control in The California Supreme Court: The Deferential, the Preservationist, and the Preservationist-Erratic Eras. UCLA Law Review 27(4-5): 859-1066.
14. DiPasquale, D. and C.T. Somerville. 1995. Do House Price Indices Based on Transacting Units Represent the Entire Stock? Evidence from the American Housing Survey. Journal of Housing Economics 4(3): 195-229.
15. Edel, M. and E. Sclar. 1974. Taxes, Spending and Property Values: Supply Adjustment in a Tiebout-Oates Model. Journal of Political Economy 82(2): 941-954.
16. Ellickson, R.C. 1982. Preface: The Effect of Growth Controls on Housing Prices on the San Francisco Peninsula. Stanford Environmental Law Annual 4: 3-20.
17. Fischel, W.A. 1995. Regulatory Takings: Law, Economics and Politics. Harvard University Press: Cambridge, MA
18. Follain, J.R. and S. Malpezzi. 1980. Dissecting Housing Value and Rent. Urban Institute: Washington, DC.
19. Follain, J.R. and S. Malpezzi. 1981. Are Occupants Accurate Appraisers? Review of Public Data Use 9(1): 47-55.
20. Follain, J.R. and O.T. Velz. 1995. Incorporating the Number of Existing Home Sales into a Structural Model of the Market for Owner-Occupied Housing. Journal of Housing Economics 4(2): 93-117.
21. Gin, A. and J. Sandy. 1994. Evaluating the Demand for Local Growth Controls. Journal of Housing Economics 3(2): 109-120.
22. Goldberger, A.S. 1968. The Interpretation and Estimation of Cobb-Douglas Functions. Econometrica 36(3-4): 464-472.
23. Goodman, J.L. Jr. and J.B. Ittner. 1992. The Accuracy of Home Owners' Estimates of House Value. Journal of Housing Economics 2(4): 339-357.
24. Guidry, K.A., J.D. Shilling and C.F. Sirmans. 1991. An Econometric Analysis of Variation in Urban Residential Land Prices and the Adoption of Land-Use Controls. University of Wisconsin working paper.
25. Halvorsen, R. and R. Palmquist. 1980. The Interpretation of Dummy Variables in Semilogrithmic Regressions. American Economic Review 70(3): 474-475.
26. Halvorsen, R. and H.O. Pollakowski. 1981. Choice of Functional Form for Hedonic Price Equations. Journal of Urban Economics 10(1): 37-49.
27. Hamilton, B.W. 1978. Zoning and the Exercise of Monopoly Power. Journal of Urban Economics 5(1): 116-130.
28. Hendershott, P.H. and T.G. Thibodeau. 1990. The Relationship Between Median and Constant Quality House Prices: Implications for Servicing FHA Loan Limits. Journal of the American Real Estate and Urban Economics Association 18(3): 323-334.
29. King, A.T. 1977. Estimating Property Tax Capitalization: A Critical Comment. Journal of Political Economy 85(2): 425-431.
30. Lenon, M., S.K. Chattopadhyay and D.R. Heffley. 1996. Zoning and Fiscal Interdependencies. Journal of Real Estate Finance and Economics 12(2): 221-234.
31. Linneman, P., A. Summers, N. Brooks and H. Buist. 1990. The State of Local Growth Management. Working Paper No. 81. Wharton: Philadelphia, PA.
32. Logan, J.R. and M. Zhou. 1990. The Adoption of Growth Controls in Suburban Communities? Social Science Quarterly 71(1): 118-129.
33. Malpezzi, S. 1996. Housing Prices, Externalities, and Regulation in U.S. Metropolitan Areas. Journal of Housing Research 7(2): 209-242.
34. Malpezzi, S. and R.K. Green. 1996. What's Happened to the Bottom of the Housing Market? Urban Studies 33(10): 1807-1820.
35. Malpezzi, S. and S.K. Mayo. 1997. Housing and Urban Development Indicators: A Good Idea Whose Time Has Returned. Real Estate Economics 25(1): 1-12.
36. Malpezzi, S., L. Ozanne and T. Thibodeau. 1980. Characteristic Prices of Housing in 59 SMSAs. The Urban Institute: Washington, DC.
37. Ozanne, L. and Malpezzi, S. 1985. The Efficacy of Hedonic Estimation with the Annual Housing Survey: Evidence from the Demand Experiment. Journal of Economics and Social Measurement 13(2): 153-172.
38. Ozanne, L. and T. Thibodeau. 1983. Explaining Metropolitan Housing Price Difference. Journal of Urban Economics 13(1): 51-66.
39. Poterba, J.M. 1991. House Price Dynamics: The Role of Tax Policy and Demography. Brookings Papers on Economic Activity 2.
40. Quigley, J.M. 1995. A Simple Hybrid Model for Estimating Real Estate Price Indexes. Journal of Housing Economics 4(1): 1-12.
41. Rolleston, B.S. 1987. Determinants of Restrictive Suburban Zoning: An Empirical Analysis. Journal of Urban Economics 21(1): 1-21.
42. Rose, L.A. 1989a. Urban Land Supply: Natural and Contrived Restrictions. Journal of Urban Economics 25(3): 325-345.
43. _. 1989b. Topographical Constraints and Urban Land Supply Indexes. Journal of Urban Economics 26(3): 335-347.
44. Rose, L.A. and S.J. Lacroix. 1989. Urban Land Prices: The Extraordinary Case of Honolulu, Hawaii. Urban Studies 26(3): 301-314.
45. Rosen, S. 1974. Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. Journal of Political Economy 82(1): 34-55.
46. Salins, P.D. and G.C.S. Mildner. 1992. Scarcity By Design: The Legacy of New York City's Housing Policies. Harvard University Press: Cambridge, MA.
47. Segal, D. and P. Srinivasan. 1985. The Impact of Suburban Growth Restrictions on U.S. Housing Price Inflation, 1975-78. Urban Geography 6(1): 14-26.
48. Thibodeau, T.G. 1995. House Price Indices from the 1984-1992 MSA American Housing Surveys. Journal of Housing Research 6(3): 439-479.
49. U.S. Department of Housing and Urban Development. 1991. Report to Congress on Rent Control. Office of Policy Development and Research: Washington, DC.
50. Wang, F.T. and P.M. Zorn. 1997. Estimating House Price Growth with Repeat Sales Data: What's the Aim of the Game? Journal of Housing Economics 6(2): 93-118.