Spatio-Temporal Measurement of House Price Appreciation in Underserved Areas

Quercia, Roberto G.; McCarthy, George W.; Ryznar, Rhonda; Talen, Ayşe Can

doi:10.1080/10835547.2000.12091953

Cited by 29 publications

(16 citation statements)

References 22 publications

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“…T‐tests in Table 2 for the variable Change in Median Value Owner‐Occupied Housing Units (1990–2000) confirm differences between non‐Hispanic/Latino White First Suburban census tracts and others. These findings are consistent with the literature on neighborhoods — although not necessarily suburban ones — in select communities (Kim, 2000; Quercia et al ., 2000; Denton, 2001; Kim, 2003), as well as the nationwide study (Flippen, 2004) discussed above.…”

Section: Resultssupporting

confidence: 92%

“…With respect to race and ethnicity, the variables non‐Hispanic/Latino White Proportion, non‐Hispanic/Latino Asian Proportion, Change in non‐Hispanic/Latino White Proportion and Change in non‐Hispanic/Latino Asian Proportion were hypothesized to have a positive coefficient, whereas the variables Hispanic/Latino Proportion and Change in Hispanic/Latino Proportion were hypothesized to have a negative coefficient (non‐Hispanic/Latino Black/African American was the base case), consistent with the literature discussed above (Oliver and Shapiro, 1995; Harris, 1999a; 1999b; Kim, 2000; Quercia et al ., 2000; Denton, 2001; Kim, 2003; Flippen, 2004; Wiese, 2004; Oliver and Shapiro, 2006).…”

Section: Resultssupporting

confidence: 66%

“…Most studies have concluded that appreciation rates in urban minority neighborhoods are lower than in other urban neighborhoods, but there are exceptions (see Case and Quigley, 1991). While most studies have concluded that urban and suburban minority neighborhoods have witnessed lower appreciation rates than non‐Hispanic White ones (Archer et al ., 1996; Kiel and Zabel, 1996; Kim, 2000; Quercia et al ., 2000; Denton, 2001; Kim, 2003; Flippen, 2004), others have come to the conclusion that price changes in some minority neighborhoods were positive and higher than in other minority and non‐Hispanic White neighborhoods (Berry, 1976).…”

Section: Literature Reviewmentioning

confidence: 99%

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Shaky Palaces? Analyzing Property Values and their Appreciation in Minority First Suburbs

Anacker

2012

Int J Urban Regional Res

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While property values and their appreciation in inner‐city neighborhoods with high proportions of minorities have been analyzed, not much systematic research has been undertaken on property values and their appreciation in minority suburbs. This article investigates differences among First Suburban census tracts, including property values, factors that have influenced property values and appreciation rates, by analyzing census tracts within select counties across the United States with Weighted Least Squares (WLS) regressions. Based on the results of this investigation, it is concluded that the assumption that homeownership in the First Suburbs automatically leads to a high appreciation rate needs to be differentiated. Résumé La valeur et la réévaluation des biens immobiliers ont été analysées dans les quartiers centraux où vivent de fortes proportions de minorités, mais les études systématiques sur ces aspects sont rares dans les banlieues habitées par les minorités. Cet article étudie les secteurs de recensement des premières couronnes suburbaines et leurs différences liées notamment aux valeurs immobilières, aux facteurs qui affectent ces valeurs, et aux taux de réévaluation. Pour ce faire, il utilise une régression des moindres carrés pondérés et analyse les unités géostatistiques de certains comtés américains. D'après les résultats obtenus, il convient de moduler l'hypothèse selon laquelle la propriété du domicile dans les premières couronnes suburbaines entraîne automatiquement un taux de réévaluation élevé.

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Section: Resultssupporting

confidence: 92%

Section: Resultssupporting

confidence: 66%

Section: Literature Reviewmentioning

confidence: 99%

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Shaky Palaces? Analyzing Property Values and their Appreciation in Minority First Suburbs

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2012

Int J Urban Regional Res

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“…These years were chosen because the periods between them represent different housing price trends in the city of Granada, as shown in Figure 2. The proposed methodology could also be used for isotopic data observed at different points in time (repeat sales), for which several methods have already been developed [57][58][59][60].…”

Section: Data and Case Studymentioning

confidence: 99%

Estimation of Housing Price Variations Using Spatio-Temporal Data

2019

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This paper proposes a hedonic regression model to estimate housing prices and the spatial variability of prices over multiple years. Using the model, maps are obtained that represent areas of the city where there have been positive or negative changes in housing prices. The regression-cokriging (RCK) method is used to predict housing prices. The results are compared to the cokriging with external drift (CKED) model, also known as universal cokriging (UCK). To apply the model, heterotopic data of homes for sale at different moments in time are used. The procedure is applied to predict the spatial variability of housing prices in multi-years and to obtain isovalue maps of these variations for the city of Granada, Spain. The research is useful for the fields of urban studies, economics, real estate, real estate valuations, urban planning, and for scholars.

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“…Spatio-temporal analysis methods have been increasingly used in studies into house prices. An approach built on the framework of the repeat-sales model was employed to address the spatial and temporal effects on house prices (Quercia et al, 2000). The traditional repeatsales model was improved by incorporating spatial considerations with seemingly unrelated regression (SUR) estimated method.…”

Section: Spatio-temporal Analysis Of House Pricesmentioning

confidence: 99%

Spatio-Temporal Analysis of House Price Convergence Based on a Demographical Distance

Liu

2013

International Journal of Strategic Property Management

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Convergences of house prices have been studied for over three decades, but yet have been confirmed because of spatial heterogeneity and autocorrelations in house prices. A spatio-temporal approach was recently proposed to address the spatial and temporal issues related to house prices. However, most previous studies placed the focus on the spatial heterogeneity and autocorrelations from geographical locations, which neglected other spatial factors. In order to overcome this shortfall, this research argued a demographical distance, constructed by demographical structure and housing market scales, to investigate the house price convergences in Australian capital cities. The results confirmed the house price levels in Canberra, Brisbane and Perth converged to the house price level in Sydney.

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Spatio-Temporal Measurement of House Price Appreciation in Underserved Areas

Cited by 29 publications

References 22 publications

Shaky Palaces? Analyzing Property Values and their Appreciation in Minority First Suburbs

Shaky Palaces? Analyzing Property Values and their Appreciation in Minority First Suburbs

Estimation of Housing Price Variations Using Spatio-Temporal Data

Spatio-Temporal Analysis of House Price Convergence Based on a Demographical Distance

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