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Do Cities and Suburbs Cluster?

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Author Info
Ellen Burchill () (General)
William N. Goetzmann () (Yale University, School of Management)
Matthew I. Spiegel () (School of Management)
Susan M. Wachter () (Real Estate Department)

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Abstract

This article addresses the issue of how closely the fortunes of suburbs are tied to the fortunes of the central city. We develop housing price indices for most of the zip codes in California and use them in a clustering procedure to determine whether city and suburban housing markets naturally aggregate or move separately. We find that central cities tend to group with their suburbs, suggesting that the housing markets of cities and suburbs are closely linked.

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Publisher Info
Paper provided by Yale School of Management in its series Yale School of Management Working Papers with number ysm115.

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Date of creation: 05 Apr 1999
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Handle: RePEc:ysm:somwrk:ysm115

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Find related papers by JEL classification:
H79 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other
H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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  1. Stephen Malpezzi, 2000. "Tales from the Real Side: The Implications of Urban Research for Real Estate Finance in Developing and Transition Economies," Wisconsin-Madison CULER working papers 01-02, University of Wisconsin Center for Urban Land Economic Research. [Downloadable!]
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This page was last updated on 2009-12-2.


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