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This paper examines how communities will behave if they are given the option of taxing the property of commercial establishments (factories, shopping centers, office buildings, etc) at different rates from residential housing. In the last 2 decades many states have enacted legislation which...
Persistent link: https://www.econbiz.de/10013138696
This research examines the relationship between hedonically controlled housing price levels and subsequent changes in those prices across locations within MSAs. Our hedonic controls are extensive and so we ask whether between observationally equivalent houses those with higher prices have...
Persistent link: https://www.econbiz.de/10013072124
This empirical paper examines the question of whether movements in housing sales predict subsequent movement in house prices - or the converse. The former (positive) relationship is well hypothesized by several frictional search models of housing market transactions or quot;churnquot;. The...
Persistent link: https://www.econbiz.de/10012707662
This paper examines the strong positive correlation that exists between the volume of housing sales and housing prices. We first examine gross housing flows in the US and divide sales into two categories: transactions that involve a change or choice of tenure, as opposed to owner-to-owner churn....
Persistent link: https://www.econbiz.de/10012718845