This paper argues for the importance of separating the bundled good of housing into land and improvements, because locational amenities - which often constitute a significant portion of property value - are typically capitalized into the value of land but not the value of the physical structure...

Interest in measuring the impact of neighborhood homeownership rates on the residents of a neighborhood and on surrounding neighborhoods is increasing. This topic is part of the growing literature in the social sciences that discusses the theory and measurement of how neighborhoods affect...

Micro-level studies using individual and household data have shown that residential location choices are influenced by neighbourhood ethnic composition. Using three conurbation samples in the Netherlands - Amsterdam metropolitan area, Rotterdam-The Hague metropolitan area, and the countrys...

Experiences reveal that the monitoring costs of the foreclosure crisis may be non-trivial, and smaller governments may have more success at addressing potential negative externalities. One highly localized form of government is a homeowners’ association (HOA). HOAs could be well suited for...

Experiences reveal that the monitoring costs of the foreclosure crisis may be nontrivial, and smaller governments may have more success at addressing potential negative externalities. One highly localized form of government is a homeowners association (HOA). HOAs could be well-suited for...

A large part of the Swedish housing stock was built between 1955 and 1975 and there is currently a large need for renovations. In this article the focus is on apartment renovations in cooperative housing where the individual owner of the apartment is responsible for renovations. Lack of...

In this paper, it is examined whether the structure of constrained submarkets constructed according to three a priori classifications (property type, house value and geographical areas) differs from that of unconstrained submarkets constructed by means of principal component analysis and cluster...

It is implied that the Housing Finance companies and banking sector can find an equilibrium rate of return on deposits by simultaneous determination of the utilization of housing loans and supply of the funds. The results are also useful in determination of equilibrium ratio of the rental income...

This paper offers new evidence on how housing markets capitalize school quality information. We use school assessment measures and house transaction data from a single school district that is coterminous with a unified city-county local government to examine the effects of two school assignment...

This paper explores the positive relationship betwen home prices and household spending by following a panel of Australian households over the period 2003 to 2010. There are three hypotheses put forth in the literature to explain this relationship: (1) increases in home prices raise spending via...