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Simulation of Housing Market Dynamics


  • John F. Kain
  • William C. Apgar


Developed over the past decade by the Urban Studies Croup of the National Bureau of Economic Research, the NBER Urban Simulation Model is primarily a model of the urban housing market. It represents other urban phenomena such as industrial location, transportation systems, and changes in the demographic structure of the population, but the behavior of the housing “market” is its central focus. This paper provides a brief description of the NBER Urban Simulation Model and presents illustrative results from a series of baseline simulations for the period 1960 to 1970 for the Chicago and Pittsburgh SMSAs.

Suggested Citation

  • John F. Kain & William C. Apgar, 1979. "Simulation of Housing Market Dynamics," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 7(4), pages 505-538, December.
  • Handle: RePEc:bla:reesec:v:7:y:1979:i:4:p:505-538
    DOI: 10.1111/1540-6229.t01-23-00201

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    Cited by:

    1. Alain Bertraud & Stephen Malpezzi, 2001. "The Spatial Distribution of Population in 35 World Cities: The Role of Markets, Planning, and Topography," Wisconsin-Madison CULER working papers 01-03, University of Wisconsin Center for Urban Land Economic Research.
    2. 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.

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