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Why Are Some Home Values Resistant and Others Resilient?

Author

Listed:
  • Gary Smith

    (North College Avenue)

Abstract

Data for 116 California communities reveal considerable variation in changes in the value of owner-occupied homes during 2005-2010, variation that is related to the price/rent ratios that existed in 2005, number of rental properties in the community, increase in home values between 2000 and 2005, and a variety of socioeconomic factors.

Suggested Citation

  • Gary Smith, 2014. "Why Are Some Home Values Resistant and Others Resilient?," International Real Estate Review, Global Social Science Institute, vol. 17(2), pages 223-240.
    • Handle: RePEc:ire:issued:v:17:n:02:2014:p:223-240
    as

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    References listed on IDEAS

    as
    1. Karl E. Case & Robert J. Shiller, 2003. "Is There a Bubble in the Housing Market?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 34(2), pages 299-362.
    2. Margaret H. Smith & Gary Smith, 2007. "Homeownership In An Uncertain World With Substantial Transaction Costs," Journal of Regional Science, Wiley Blackwell, vol. 47(5), pages 881-896, December.
    3. Margaret Hwang Smith & Gary Smith, 2006. "Bubble, Bubble, Where's the Housing Bubble?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 37(1), pages 1-68.
    4. Jonathan McCarthy & Richard Peach, 2004. "Are home prices the next "bubble"?," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 1-17.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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