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Housing Attribute Preferences in a Northern Mexico Metropolitan Economy

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  • Karen Fierro
  • Thomas Fullerton
  • K. Donjuan-Callejo

Abstract

Studies of the valuation of housing attributes have been conducted for numerous metropolitan markets. Empirical analyses of this nature for cities in Latin America and Mexico are less common. This study utilizes data for 175 new houses in Ciudad Juarez, a major metropolitan economy in northern Mexico, to estimate a hedonic pricing model. All units in the sample were completed and sold between November 2006 and April 2007. For each house, a total of 14 characteristics relating to structure and location are employed as explanatory variables. Estimation results indicate that the structural characteristics play bigger roles than the neighborhood amenities. Surprisingly, neighborhood parks are found to lower housing values. Copyright International Atlantic Economic Society 2009

Suggested Citation

  • Karen Fierro & Thomas Fullerton & K. Donjuan-Callejo, 2009. "Housing Attribute Preferences in a Northern Mexico Metropolitan Economy," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 37(2), pages 159-172, June.
    • Handle: RePEc:kap:atlecj:v:37:y:2009:i:2:p:159-172
    DOI: 10.1007/s11293-009-9174-x
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    References listed on IDEAS

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    Cited by:

    1. Thomas M. Fullerton & Arturo Bujanda, 2018. "Commercial property values in a border metropolitan economy," Asia-Pacific Journal of Regional Science, Springer, vol. 2(2), pages 337-360, August.
    2. Oronzo Trio & Antonio Iazzi, 2017. "Consumers? preferences in the estate market: An explorative research on the residential product," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2017(3), pages 147-167.
    3. Arturo Bujanda & Thomas M. Fullerton, 2017. "Impacts of transportation infrastructure on single-family property values," Applied Economics, Taylor & Francis Journals, vol. 49(51), pages 5183-5199, November.

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    More about this item

    Keywords

    Housing demand; Applied econometrics; Mexico; R21; Housing demand;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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