We estimate a hedonic price function for the characteristics of housing units in Santiago, Chile, with the aim to capture unobserved utility-generating attributes for each unit. We used for this purpose two different semiparametric regression methods: a local linear kernel regression with a...

Do women pay more than men for similar housing? We utilize repeat-sales housing transactions drawn from ZTRAX to examine if gender gaps exist in house purchase prices and loan to price ratios. Our analysis utilizes repeat-sales and include house and neighborhood-by-time fixed effects to control...

Search theory shows that real property prices and marketing durations are simultaneously determined and positively related. Yet, empirical studies find positive, negative, and insignificant parameter estimates on the time-on-the-market (TOM) variable in price models. Using a dataset well suited...

This paper estimates slum residents' willingness to pay for formalized land tenure in Pune, India. In so doing, it offers evidence that the legal assurance of slum residents' occupancy of their lands could benefit them. Previous studies have discussed legal and non-legal factors that...

Are coastal cities adjusting to rising sea levels? This paper argues that large-scale events have the potential to ignite the process. We examine the effects of hurricane Sandy on the New York City housing market. We assemble a large plot-level dataset with rich geographic data on housing sales...

After the Great East Japan Earthquake, energy conservation and earthquake resistance in buildings have become matters of increasing concern for residents. In this research, an empirical analysis is conducted to measure the effect of environmental investment on housing prices, particularly those...

This paper develops a new hedonic method for constructing a real estate price index that utilizes all transaction price information that encompasses both single-sale and repeat-sale properties. The new method is less prone to specification errors than standard hedonic methods and uses all...