An Empirical Analysis of Housing Price Appreciation in a Market Stratified by Size and Value of the Housing Stock
This paper examines the relationship between house size and appreciation, and house value and appreciation evidenced in the data collected from a single geographic region. The analysis of the data suggests that high price housing appreciates at a more rapid rate than low and medium price housing during expansionary periods, and there is no statistical difference in the rates of price change in contractionary periods. Further, the rate of price change for larger homes exhibits no consistent difference from the rate of change for small and medium size housing for the time period studied.
Volume (Year): 7 (1992)
Issue (Month): 2 ()
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- Dhillon, Upinder S & Shilling, James D & Sirmans, C F, 1987. "Choosing between Fixed and Adjustable Rate Mortgages: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 19(2), pages 260-267, May.