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The varying impact of land subsidence and earth fissures on residential property values in Maricopa County – a quantile regression approach

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  • James Yoo
  • Thomas Frederick

Abstract

This paper uses quantile regression to examine the impact of land subsidence and earth fissures on residential property values across different quantiles of distribution in housing prices in Maricopa County, Arizona. Using 82,716 arms-length property sales between 2004 and 2010, we estimated a fixed effects quantile regression model predicting the impact of land subsidence and earth fissures on property values. We found that both land subsidence and earth fissures had a negative impact on property values. The impact of land subsidence and earth fissures vary statistically across different distributions of housing prices. Disamenity impacts are found to be more pronounced at high-priced homes while they are statistically insignificant at substantially lower priced homes.

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  • James Yoo & Thomas Frederick, 2017. "The varying impact of land subsidence and earth fissures on residential property values in Maricopa County – a quantile regression approach," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 21(2), pages 204-216, May.
    • Handle: RePEc:taf:rjusxx:v:21:y:2017:i:2:p:204-216
    DOI: 10.1080/12265934.2016.1273129
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    2. Mats Wilhelmsson, 2019. "Energy Performance Certificates and Its Capitalization in Housing Values in Sweden," Sustainability, MDPI, vol. 11(21), pages 1-16, November.
    3. Yu-Hui Chen & Chun-Lin Lee & Guan-Rui Chen & Chiung-Hsin Wang & Ya-Hui Chen, 2018. "Factors Causing Farmland Price-Value Distortion and Their Implications for Peri-Urban Growth Management," Sustainability, MDPI, vol. 10(8), pages 1-18, August.
    4. Ismail, Muhammad & Warsame, Abukar & Wilhelmsson, Mats, 2020. "Measuring Gentrification with Getis-Ord Statistics and Its Effect on Housing Prices in Neighboring Areas: The Case of Stockholm," Working Paper Series 20/19, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.

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