An Empirical Analysis of Housing Price Appreciation in a Market Stratified by Size and Value of the Housing Stock
AbstractThis paper examines the relationship between house size and appreciation, and house value and appreciation evidenced in the data collected from a single geographic region. The analysis of the data suggests that high price housing appreciates at a more rapid rate than low and medium price housing during expansionary periods, and there is no statistical difference in the rates of price change in contractionary periods. Further, the rate of price change for larger homes exhibits no consistent difference from the rate of change for small and medium size housing for the time period studied.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 7 (1992)
Issue (Month): 2 ()
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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- Steven C. BOURASSA & Donald R. HAURIN & Jessica L. HAURIN & Martin HOESLI & Jian SUN, 2005.
"House Price Changes and Idiosyncratic Risk: The Impact of Property Characteristics,"
FAME Research Paper Series
rp160, International Center for Financial Asset Management and Engineering.
- Steven C. Bourassa & Donald R. Haurin & Jessica L. Haurin & Martin Hoesli & Jian Sun, 2009. "House Price Changes and Idiosyncratic Risk: The Impact of Property Characteristics," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(2), pages 259-278.
- Steven Bourassa & Donald Haurin & Jessica Haurin & Martin Hoesli & Jian Sun, 2007. "House Price Changes and Idiosyncratic Risk: The Impact of Property Characteristics," Working Papers 07-03, Ohio State University, Department of Economics.
- Dietz, Robert D. & Haurin, Donald R., 2003. "The social and private micro-level consequences of homeownership," Journal of Urban Economics, Elsevier, vol. 54(3), pages 401-450, November.
- Yongqiang Chu, 2014.
"Credit constraints, inelastic supply, and the housing boom,"
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- Yongqiang Chu, 2013. "Code and data files for "Credit Constraints, Inelastic Supply, and the Housing Boom"," Computer Codes 11-134, Review of Economic Dynamics.
- Christopher J. Mayer, 1993. "Taxes, income distribution, and the real estate cycle: why all houses do not appreciate at the same rate," New England Economic Review, Federal Reserve Bank of Boston, issue May, pages 39-50.
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