This study examines the impacts of trails and greenbelts and other amenities on home value. Using the hedonic framework the study provides analyses of on a database consisting of roughly 10,000 sales of homes occurring from April 2001 to March 2002 in and around San Antonio, Bexar County, Texas....

The hypothesis for this study is that the origination fees (in the form of insurance premiums and funding fees) associated with FHA and VA financing will (1) be capitalized into buyer reservation values and (2) result in price discounts relative to conventional loans with lower loan-to-value...

While the monocentric urban models were once adequate for predicting the declining rent gradients for North American cities, the advent of a transportation system with major arteries such as turnpikes, thoroughfares and commuter rails has distorted the rent gradient for many cities. In this...

This is an empirical investigation on the impacts of certain seller concessions on home prices. Specifically, we examine the impacts of two seller concessions: discount point concessions (DPC's) and closing cost concession (CCC's) on home prices. Using hedonic analysis, we find that DPC's are...

This study examines an aspect of hierarchical zoning.Hierarchical zoning, unlike mutually exclusive zoning, isuni-directional in that it protects upper-level residentialuses from nonconforming, non-residential uses but not viceversa. The result is that the lower-level zones can be amixture of...

This paper represents the first empirical attempt to detect the relationship between sales price and listing (or contract) period. Specifically, we examine the relationship between sales price and contract expiration days. Our hypothesized positive relationship between sales price and contract...

There exists a substantial variation in apartment rents between cities of the world. Several factors must contribute to inter-city variations in rents. This paper presents an empirical identification and measurement of some of the relevant factors explaining the variations in rents between a...