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An Empirical Investigation of Federal Wetlands Regulation and Flood Delineation: Implications for Residential Property Owners

Listed author(s):
  • Randall S. Guttery


    (University of North Texas, UNT-Box 305339, Denton, TX 76203)

  • Stephen L. Poe


    (University of North Texas, UNT-Box 305339, Denton, TX 76203)

  • C. F. Sirmans


    (University of Connecticut, Box U-41RE, Storrs, CT 06269-2041)

Registered author(s):

    Since the early 1970s, the federal government has undertaken extensive efforts to stem the loss of wetlands by regulating the use of land. This paper investigates the extent to which residential property owners are affected by federal wetlands regulation, by presenting an empirical investigation of such economic consequences. Results suggest that because of the Supreme Court?s holding in United States v. Riverside Bayview Homes, Inc., sale prices of properties located in a wetlands area were discounted nearly eight percent, even after controlling for some sample properties being flood delineated.

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    Article provided by American Real Estate Society in its journal journal of Real Estate Research.

    Volume (Year): 26 (2004)
    Issue (Month): 3 ()
    Pages: 229-316

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    Handle: RePEc:jre:issued:v:26:n:3:2004:p:229-316
    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

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    Order Information: Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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