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We study market rents in the neighborhood of asylum seeker hosting centers. Our empirical setting exploits the quasi-random opening of centers and spatial allocation of asylum seekers in Switzerland. Rents within 0.7km of an active center are found on average to be 3.8% lower than rents in the...
Persistent link: https://www.econbiz.de/10014251417
neighborhoods than their white counterparts and that this rent gap increases with the fraction of the neighborhood white. In …
Persistent link: https://www.econbiz.de/10012916314
Participants to an online study in Luxembourg are presented with fictitious real-estate advertisements and tasked to make an offer for each of them. A random subset is also shown sellers' names that are strongly framed to signal their origins. Our randomised procedure allows us to conclude that,...
Persistent link: https://www.econbiz.de/10014336072
Persistent link: https://www.econbiz.de/10014266753
Assessing rent discounts implied by rent regulation is challenging because the counterfactual rents of regulated units … in the unregulated market are not observed. We estimate these counterfactual rents and predict the quality-adjusted rent … discount for each rent-stabilized unit in New York City (NYC) using novel data from 2002 to 2017. We find robust average rent …
Persistent link: https://www.econbiz.de/10013256776
This paper uses unique panel data covering over two million repeat-sales housing transactions from four metropolitan areas to test for the presence of racial price differentials in the housing market. Drawing on the strengths of these data, our research design controls carefully for unobserved...
Persistent link: https://www.econbiz.de/10013083105
The key to identifying racial price differentials in housing markets is to test whether minority and non-minority buyers pay similar prices for comparable housing. The heterogeneous nature of the residential housing market and racial sorting of buyers into neighborhoods violates the...
Persistent link: https://www.econbiz.de/10012910253
An oft-touted benefit of homeownership is the ability to build and access equity, and in recent years the amount of "tappable" home equity held by US homeowners has reached historic levels. But more than one-quarter of recent applications for mortgage equity withdrawal (MEW) loan products were...
Persistent link: https://www.econbiz.de/10013455833
A new sample containing rental price and characteristic data for over 15,000 New York City units was collected from historical newspapers for the period 1880 to 1910. These units were geolocated to the historical map of Manhattan Island to explore their geographic coverage, using Geographic...
Persistent link: https://www.econbiz.de/10011791148
In 2012, the Department of Housing and Urban Development launched the fourth major nationwide housing discrimination study with the goal of measuring housing discrimination in rental and owner-occupied housing for blacks, Hispanics and Asians. The substantial declines in discrimination observed...
Persistent link: https://www.econbiz.de/10013024879