“…We consider a housing market (residential neighborhood) where a shopping center is located. The shopping center provides residents living in the neighborhood with the convenience of shopping and easy access to entertainment which increases the attractiveness of the neighborhood (Bloch, Ridgway, & Dawson, 1994;Koster & Rouwendal, 2012;Kuang, 2017;Rosiers, Lagana, Théeriault, & Beaudoin, 1996;Shields, 1995). In contrast, the shopping center may also cause inconvenience (e.g., air pollution, crime, noise, and traffic congestion) which decreases the attractiveness of the neighborhood (Hughes & Sirmans, 1992;Ihlanfeldt & Mayock, 2010;Kahn & Schwartz, 2008;Lens & Meltzer, 2016;Pope & Pope, 2012;Smith, Poulos, & Kim, 2002;Swoboda, Nega, & Timm, 2015).…”