Exploring Threshold Effects in the Impact of Housing Abandonment on Nearby Property Values

Datos Bibliográficos

ID12438552
AutoresH S Han (0000-0001-6536-8058, University of Missouri–Kansas City, Kansas City, MO, USA, autor de correspondencia)
Año2017
Volumen55
Número3
Páginas772-799
Fecha de publicación2017-07-27
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaUrban Affairs Review (JOURNAL)
Identificadores de la revistaISSN: 1078-0874 • E-ISSN: 1552-8332
EditorialSAGE Publishing (PUBLISHER • US)
DOI10.1177/1078087417720303
OpenAlexW2740264896
IdiomaEN
Citas recibidas5
Referencias citadas35

Most research examining the impact of distressed properties on nearby property values has assumed that each additional distressed property has the same marginal effect on nearby property values as the prior distressed property had. Scholars have suggested that there could be threshold effects in the impact of distressed properties, yet no research has explored this issue. Therefore, this research explores the presence of threshold effects in the impact of housing abandonment on nearby property values in Baltimore, Maryland, from 1991 to 2010. This research finds that the magnitude of the impact of housing abandonment does not increase proportionally to the number of nearby abandoned properties. Specifically, it finds that the marginal impact on nearby property values increases significantly when the number of abandoned properties within 250 ft. increases by more than two. The research also finds that the marginal impact drops significantly when the number of abandoned properties within 250 ft. increases by more than 14

Abandonment (legal · Civil engineering · Economic geography · Economics · Foreclosure · Land use · land values · Political science · Property (philosophy · Property value · Real estate · Residential property · Engineering · Housing Market and Economics · Law · Urban, Neighborhood, and Segregation Studies · Urbanization and City Planning