Designation of historic properties and historic districts is increasingly used as a means to revive central city neighborhoods and to promote urban economic development. While preservation activities are thought to generate positive externalities for surrounding neighborhoods, these external...

There are significant disparities in homeownership rates across the regions and states of the US. The causes of these disparities are determined within a standard probit model of the individual homeownership decision where the micro-level observations are aggregated to the regional level....

The homeownership rates of Hispanic and Asian-American households are significantly less than those of some other demographic groups in the U.S., especially after accounting for income and other characteristics. This naturally leads to an investigation of the impact of immigration...

We simulate the effects of unseasonable increases in temperature and precipitation on housing starts and completions in each of the four Census regions. Using an over identified vector autoregression model the dynamics of housing starts and completions are estimated. The persistence of housing...

The model of Hendry (1986) is extended to a vector autoregressive system, in order to examine the sources of fluctuations in housing completions and inventory. The time series properties of the completion rate are examined as well as those of the accumulated inventory. Shock to income, interest...

Historical designation has become an important tool in efforts to revitalise central-city neighbourhoods. Yet designation has also come under scrutiny because of its presumed association with gentrification and displacement of lower-income residents. Using Fort Worth, Texas, as a case study, the...

Estimating price indexes for different quantiles shows how prices vary for homes that are in different stages of the filtering process. The paper describes a filtering model and its implication for the dynamic interaction of housing prices at these various stages. A time-series analysis of...

We simulate the effects of unseasonable increases in temperature and precipitation on housing starts and completions in each of the four Census regions. Using an overidentified vector autoregression model the dynamics of housing starts and completions are estimated. The persistence of housing...