Commercial land price gradients for an emerging real estate market are estimated using spatial regression techniques. Spatial statistics are used to explore the extent of spatial autocorrelation in the residuals of an OLS land price gradient model. Spatial autocorrelation is present but not to...

Moderate walking between home and transit stops can be a significant portion of daily physical activity. Yet, we know little about the role of public transit in promoting physical activity at the neighborhood level. Using a pre-post treatment-control research design, we examine whether new Expo...

This paper develops a new measure of "quality of the business environment" that complements existing measures of "quality of life". An annual panel of these measures is constructed and analyzed for 37 cities from 1977 to 1995. Findings indicate that many cities attractive to firms are...

In recent years, much of U.S. federal housing policy has focused on two complimentary goals: to increase U.S. homeownership rates while also narrowing enormous and longstanding racial gaps in homeownership. Against this backdrop, the U.S. homeownership rate rose to historic highs in the 1990s,...

The economic development and land use policies pursued in Southern California throughout most of the twentieth century encouraged rapid population growth and urbanization of land. The five counties of Southern California – Los Angeles, Orange, Riverside, San Bernardino and Ventura...

This paper applies Census microdata from 1980 and 1990 to assess the determinants of housing tenure choice among racial and ethnic groups in the Los Angeles metropolitan area. Like previous research, our results indicate that endowment differences (income, education, andimmigrant status) largely...

As a stated policy objective, the U.S. Department of Housing and UrbanDevelopment seeks to boost the national homeownership rate to 70 percent by 2006. To accomplish this goal, they estimate that 3.8 million additional families be added to the ranks of U.S. homeowners. Furthermore, HUD estimates...

Sustained, rapid population growth and a variety of fiscal constraints have challenged the ability of California's state and local governments to provide and maintain adequate levels of civil infrastructure. The Governor has proposed a ten-year program to revitalize the state’s...

In this paper, we estimate the impact of tax policy on tenure choice using probit and housing expenditure regressions based on Public Use Microsample data from the 1990 and 2000 US Census. We find that tax policy has important impacts on tenure choice, and that the impact increased for blacks...

This paper provides a conceptual basis for the price discovery potential for tradable market instruments and specifically the development of mortgage securitization in Asia and the potential dangers of such markets. Nonetheless we argue for the potential importance of securitization in Asia...