Land leverage: Decomposing home price dynamics

Real Estate Economics

Volumn 35, Issue 2, 2007, Pages 183-208

  Bostic, Raphael W ^a   Longhofer, Stanley D ^b   Redfearn, Christian L ^a  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

^b WICHITA STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34249015971     PISSN: 10808620     EISSN: 15406229     Source Type: Journal    
DOI: 10.1111/j.1540-6229.2007.00187.x     Document Type: Article

References (25)

1. Alonso, W. 1964. Location and Land Use. Cambridge, MA : Harvard University Press.
2. Arnott, R.J., R. Davidson and D. Pines. 1983. Housing Quality, Maintenance and Rehabilitation. Review of Economic Studies 50 : 467 494.
3. Chinloy, P. 1980. The Effect of Maintenance Expenditures on the Measurement of Depreciation in Housing. Journal of Urban Economics 8 : 86 107.
4. Clark, D.E. and W.E. Herrin. 1997. Historical Preservation and Home Sale Prices: Evidence from the Sacramento Housing Market. Review of Regional Studies 27 : 29 48.
5. Coulson, N.E. 1989. The Empirical Content of the Linearity-As-Repackaging Hypothesis. Journal of Urban Economics 25 : 295 309.
6. Coulson, N.E. and M.L. Lahr. 2005. Gracing the Land of Elvis and Beale Street: Historic Designation and Property Values in Memphis. Real Estate Economics 33 : 487 507.
7. Coulson, N.E. and R.M. Leichenko. 2001. The Internal and External Impacts of Historical Designation on Property Values. The Journal of Real Estate Finance and Economics 23 : 113 124.
8. Davidoff, T. 2004. Maintenance and the Home Equity of the Elderly. Unpublished Manuscript. University of California at Berkeley.
9. Davis, M.A. and M.P. Palumbo. 2006. The Price of Residential Land in Large U.S. Cities. Federal Reserve Board Finance and Economics Discussion Series #2006-25.
10. Glaeser, E.L. and J. Gyourko. 2002. The Impact of Zoning on Housing Affordability. Harvard Institute of Economics Research Discussion Paper No. 1948.
11. Glaeser, E.L., J. Gyourko and R.E. Saks. 2005. Why Have Housing Prices Gone Up? Harvard Institute of Economics Research Discussion Paper No. 2061.
12. Goodman, A.C. and T.G. Thibodeau. 1995. Age-Related Heteroskedasticity in Hedonic House Price Equations. Journal of Housing Research 6 : 25 42.
13. Kain, J.F. and J.M. Quigley. 1970. Measuring the Value of Housing Quality. Journal of the American Statistical Association 65 : 532 548.
14. Knight, J.R. and C.F. Sirmans. 1996. Depreciation, Maintenance, and Housing Prices. Journal of Housing Economics 5 : 369 389.
15. Leamer, E.E. 2001. Bubble Trouble: Your Home Has a P/E Ratio Too. University of California, Los Angeles, Anderson Forecast Report, June.
16. Leichenko, R.M., E. Coulson and D. Listokin. 2001. Historic Preservation and Residential Property Values: An Analysis of Texas Cities. Urban Studies 38 : 1973 1987.
17. Malpezzi, S., L. Ozanne and T. Thibodeau. 1987. Microeconomic Estimates of Housing Depreciation. Land Economics 6 : 372 385.
18. Margulis, H.L. 1998. Predicting the Growth and Filtering of At-Risk Housing: Structure Ageing, Poverty and Redlining. Urban Studies 35 : 1231 1259.
19. Mills, E. 1967. An Aggregative Model of Resource Allocation in a Metropolitan Area. American Economic Review 57 : 197 210.
20. Mills, E. 1972. Urban Economics. Glenview, IL : Scott Foresman.
21. Muth, R. 1969. Cities and Housing. Chicago : University of Chicago Press.
22. Ricardo, D. 1821. Principles of Political Economy and Taxation. 3rd ed. London : John Murray.
23. Rosen, S. 1974. Hedonic Prices and Implicit Markets: Produce Differentiation in Pure Competition. Journal of Political Economy 82 : 34 55.
24. Schaeffer, P.V. and C.A. Millerick. 1991. The Impact of Historic District Designation on Property Values: An Empirical Study. Economic Development Quarterly 5 : 301 331.
25. Somerville, C.T. and C. Holmes. 2001. Dynamics of the Affordable Housing Stock: Microdata Analysis of Filtering. Journal of Housing Research 12 : 115 140.