Journal
REAL ESTATE ECONOMICS
Volume 29, Issue 3, Pages 485-501Publisher
BLACKWELL PUBLISHERS
DOI: 10.1111/1080-8620.00019
Keywords
-
Categories
Ask authors/readers for more resources
This study analyzes the impact of the new urbanism on single-family home prices. Specifically, we explore the price differential that homebuyers pay for houses in new urbanist developments relative to houses in conventional suburban developments. Using data on over 5,000 single-family home sales from 1994 to 1997 in three different neighborhoods, hedonic regression results reveal that consumers pay more for homes in new urbanist communities than those in conventional suburban developments. Further analyses indicate that the price premium is not attributable to differences in improvement age and other housing characteristics.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available