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Interjurisdictional housing prices and spatial amenities: Which measures of housing prices reflect local public goods?

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  • Banzhaf, H. Spencer
  • Farooque, Omar

Abstract

Understanding the spatial variation in housing prices plays a crucial role in topics ranging from the cost of living to quality-of-life indices to studies of public goods and household mobility. Yet analysts have not reached a consensus on the best source of such data, variously using transaction values, self-reported values from the census, and rental values. Additionally, while most studies use micro-level data, some have used summary statistics such as the median housing value.

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Bibliographic Info

Article provided by Elsevier in its journal Regional Science and Urban Economics.

Volume (Year): 43 (2013)
Issue (Month): 4 ()
Pages: 635-648

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Handle: RePEc:eee:regeco:v:43:y:2013:i:4:p:635-648

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Web page: http://www.elsevier.com/locate/regec

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Keywords: Housing prices; Price index; Capitalization;

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References

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Cited by:
  1. Mika Kortelainen & Tuukka Saarimaa, 2012. "Do homeowners benefit urban neighborhoods? Evidence from housing prices," Working Papers 36, Government Institute for Economic Research Finland (VATT).
  2. John Winters, 2013. "Differences in quality of life estimates using rents and home values," The Annals of Regional Science, Springer, vol. 51(2), pages 377-409, October.

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