IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v32n42010p377-396.html
   My bibliography  Save this article

On the Determinants of House Value Volatility

Author

Listed:
  • Yu Zhou

    () (Peking University)

  • Donald R. Haurin

    () (Ohio State University)

Abstract

Few studies have analyzed the determinants of house value volatility at the level of individual houses. This paper uses two panels of the American Housing Survey covering 1974-2003 to test four hypotheses related to the determinants of house value volatility. The findings are that 1) house values at both ends of the quality distribution have greater variance than those with average quality levels, 2) the more atypical a house is, the greater the variance of house value, 3) the more highly "land leveraged" a house is, the greater the variance of its value, and 4) house values owned by minority households have greater variance than those of whites.

Suggested Citation

  • Yu Zhou & Donald R. Haurin, 2010. "On the Determinants of House Value Volatility," Journal of Real Estate Research, American Real Estate Society, vol. 32(4), pages 377-396.
  • Handle: RePEc:jre:issued:v:32:n:4:2010:p:377-396
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol32n04/01.377_396.pdf
    File Function: Full text
    Download Restriction: no

    More about this item

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:32:n:4:2010:p:377-396. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (JRER Graduate Assistant/Webmaster). General contact details of provider: http://www.aresnet.org/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.