A Hierarchical Linear Model Approach for Assessing the Effects of House and Neighborhood Characteristics on Housing Prices

Brown, Kenneth H.; Uyar, Bulent

doi:10.1080/10835547.2004.12091603

Cited by 38 publications

(18 citation statements)

References 10 publications

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“…Moreover, all the above methods presume location and housing units as equivalent observations and conceptualise that the impacts of locational characteristics vary by each housing unit (Orford, 2000). This is problematic because houses nested within a neighbourhood are, in some way, more similar than houses in different neighbourhoods such that a high spatial correlation is more likely to occur ‘within-place’ (Brown and Uyar, 2004; Jones and Bullen, 1993). This ‘within-place’ correlation is inherent when data on locational characteristics are aggregated at the neighbourhood level (e.g.…”

Section: Methodsmentioning

confidence: 99%

Traffic congestion, accessibility to employment, and housing prices: A study of single-family housing market in Los Angeles County

Hou

2016

Urban Studies

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This study mainly addresses two main questions: (1) whether traffic congestion negatively affects single-family house price by constraining accessibility to jobs; (2) whether congestion effects and accessibility effects vary by income groups within a metropolitan area. This study uses a multilevel hedonic price model to estimate the marginal price of accessibility while controlling for other neighbourhood attributes and the correlation of proximal housing sales. The congestion effects are identified by comparing the implicit price of accessibility between congested-flow and free-flow. The results show that the accessibility measured with congested time yields higher marginal price, suggesting that households are willing to pay more to avoid locations with high congestion delays and accessibility loss. The results also suggest that accessibility effects are more valued by homebuyers in middle-income neighbourhoods, compared with those in the lowest or highest income neighbourhoods.

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Section: Methodsmentioning

confidence: 99%

Traffic congestion, accessibility to employment, and housing prices: A study of single-family housing market in Los Angeles County

Hou

2016

Urban Studies

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“…Brown and Uyar [42] used a hierarchical linear model to examine the influence of residential building characteristics and neighborhood characteristics on residential housing prices, incorporating area into building characteristics (individual level) and commuting distance into neighborhood characteristics (overall level). The empirical results of that study indicated that neighborhood characteristics significantly influence residential housing prices and can mediate the influence of individual building characteristics on residential housing prices.…”

Section: The Other Factors Affecting Agricultural Land Pricesmentioning

confidence: 99%

Multilevel Analysis of the Pressure of Agricultural Land Conversion, Degree of Urbanization and Agricultural Land Prices in Taiwan

Lee

Chen

et al. 2020

Land

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In 2000, to efficiently implement land-use policies, the Taiwanese government amended the Agricultural Development Act by easing restrictions on agricultural land purchases. As a result of increasing land development and investment needs, agricultural land prices have surged. This study aims to examine whether agricultural land prices in Pingtung County are affected by land control policy measures, the pressure of agricultural land conversion and the degree of urbanization. A multilevel analysis approach was used to analyze land price differences in townships in Pingtung County. The estimation results derived from the null model indicated significant differences between the mean land price in each administrative division. Specifically, the ratio of agricultural land prices affected by differences in Level 2 township-related factors was 21.8%, while the ratio of those affected by differences in Level 1 land-related factors was 78.2%. An empirical intercepts-and-slopes-as-outcomes regression model demonstrated that Level 2 township-related factors, such as the pressure of agricultural land conversion and the degree of urbanization, had cross-level, direct and positive impacts on agricultural land prices; while Level 1 land-related factors, such as lot size control measures on farmhouse construction and land-use zoning, had positive and significant impacts on agricultural land prices.

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“…Multilevel models have been employed in several works on the hedonic approach applied to the housing market, where houses are considered as nested in neighborhoods and the analysis is carried out at individual house level and neighborhood level simultaneously (Goodman and Thibodeau, 1998;Orford, 2000 andBrown and Uyar, 2004;Gelfand et al, 2007). This kind of models allows to dissect group-level and individual-level effects on individual-level outcomes, i.e.…”

Section: Empirical Strategymentioning

confidence: 99%

How Does a City Benefit from Culture? Evidence from Milan

2016

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Cultural amenities are the expression of a cultural environment, given by a combination of aesthetics factors, styles, rhythms, behaviours, which contribute to make vibrant and more enjoyable a neighbourhood. Within the theoretical framework of the hedonic approach, we propose an empirical strategy to capture the multiple effects of cultural amenities. The results are used to determine whether cultural amenities are optimally provided by the municipality of Milan. It turns out that government should devote far more resources to culture.

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A Hierarchical Linear Model Approach for Assessing the Effects of House and Neighborhood Characteristics on Housing Prices

Cited by 38 publications

References 10 publications

Traffic congestion, accessibility to employment, and housing prices: A study of single-family housing market in Los Angeles County

Traffic congestion, accessibility to employment, and housing prices: A study of single-family housing market in Los Angeles County

Multilevel Analysis of the Pressure of Agricultural Land Conversion, Degree of Urbanization and Agricultural Land Prices in Taiwan

How Does a City Benefit from Culture? Evidence from Milan

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