The Suburban Housing Market: Effects of City and Suburban Employment Growth
Using a data set of over 88,000 housing sales, we find that city employment growth has a significant positive effect on suburban house values; this effect is largest for housing closest to the central business district and declines with increasing distance from it. City employment growth has a negative effect on the rate of suburban house construction; the magnitude of the effect increases with distance. Suburban employment growth has little aggregate effect on house prices, and there is less variation by distance. Suburban growth has a significant effect on construction rates, especially at locations near the urban fringe. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1999
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Authors: | Voith, Richard |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 27.1999, 4, p. 621-648
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
freely available
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