Asabere, Paul K; Huffman, Forrest E; Mehdian, Seyed - In: The Journal of Real Estate Finance and Economics 8 (1994) 3, pp. 225-34
This paper examines the sales effects of local historic preservation. Using the hedonic framework our study shows that small historic apartment buildings experienced a 24 percent reduction in price compared to nonlocally certified properties. Our variable for federal historic districts, however,...