Evaluating Subdivision Characteristics on Single Family Housing Value Using Hierarchical Linear Modelling
AbstractThis research quantifies the financial effects of value creation concepts in relation to housing values in a single-family residential development using hierarchical linear modeling (HLM). As a result, value creation concepts such as sense of arrival, greenway connectivity, and the median length of cul-de-sac have positive effects on single family housing values while the number of accessible entrances and the median length of block variables have negative effects on single family housing values. These results indicate that higher values in a subdivision may result from smaller blocks, interconnected greenways, and a single entrance which provides a sense of arrival.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal journal of Real Estate Research.
Volume (Year): 33 (2011)
Issue (Month): 3 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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