Housing Externalities
Bibliographic Data
| ID | 10175549 |
|---|---|
| Authors | Esteban Rossi‐Hansberg (0000-0002-5886-1108, Princeton University), Pierre-Daniel G Sarte (Federal Reserve Bank of Richmond), Pierre‐Daniel Sarte, Raymond Owens, Raymond E Owens (Federal Reserve Bank of Richmond) |
| Year | 2010 |
| Volume | 118 |
| Issue | 3 |
| Pages | 485-535 |
| Publication date | 2010-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/653138 |
| OpenAlex | W4240122295 |
| Language | EN |
| Citations received | 68 |
| References cited | 15 |
Using data compiled from concentrated residential urban revitalization programs implemented in Richmond, Virginia, between 1999 and 2004, we study residential externalities. We estimate that housing externalities decrease by half approximately every 1,000 feet. On average, land prices in neighborhoods targeted for revitalization rose by 2-5 percent at an annual rate above those in a control neighborhood. These increases translate into land value gains of between $2 and $6 per dollar invested in the program over a 6-year period. We provide a simple theory that helps us estimate and interpret these effects in terms of the parameters of the model. (c) 2010 by The University of Chicago. All rights reserved
Agricultural economics · Civil engineering · Economics · Externality · Land use · Land value · land values · Liberian dollar · Microeconomics · Natural resource economics · Statistics · Value (mathematics · Engineering · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Mathematics · Urban, Neighborhood, and Segregation Studies
Politicians’ municipal bond purchases and local government misallocation
The Economics of Density
Forced Sales and House Prices
Quantitative Spatial Economics
Endogenous gentrification and housing price dynamics
Environmental Health Risks and Housing Values
Creative Destruction
Slum Housing Externalities
Costing disasters with hedonic pricing and neighborhood effects
Geographically Targeted Place-Based Community Development Interventions
The Home Price Impacts of CDBG-Funded Investments
State Affordable Housing Tax Credits and Renter Outcomes
Threshold effects of incremental redevelopment of an industrial property on a residential neighbourhood
Reconstructing cities
Housing subsidies and property prices
Interaction of public and private employment
What is in a label? On neighborhood labeling, stigma and housing prices
Spillover effects from new housing supply
Federal tax policy and the capitalization of local public goods
Externalities from urban renewal
Private provision of local public goods and housing market responses
Anything new in town? The local effects of urban regeneration policies in Italy
The death of the “High Street”? Main street closures, social disorder and urban change
Barriers to urban spatial development
Moving mountains
Assessing externality
In search of determinants for quoted housing rents
Vestiges of Transit
Place-Based Policies and the Housing Market
Local Effects of Large New Apartment Buildings in Low-Income Areas
Housing Market Spillovers
Historic Amenities and Housing Externalities
Historic amenities, income and sorting of households
Can urban renewal policies reverse neighborhood ethnic dynamics
Urban renewal after the Berlin Wall
Localized effects of confiscated and re-allocated real estate mafia assets
Measuring the negative externalities of a private leisure activity
Exploring Threshold Effects in the Impact of Housing Abandonment on Nearby Property Values
Adaptive reuse of heritage architecture and its external effects on sustainable built environment—Hedonic pricing model and case studies in Hong Kong
Collaborative accountability for sustainable public health
A Tale of a Few CBDs
Opposition to development or opposition to developers? Experimental evidence on attitudes toward new housing
Low-Income Housing Development, Poverty Concentration, and Neighborhood Inequality
Spillover effects in neighborhood housing value change
Benefit distribution in urban renewal from the perspectives of efficiency and fairness
Multi-owned property, urban renewal and neighborhood property value externalities
Can financial transactions reveal the change in social fabric triggered by urban regeneration
Conversion or redevelopment? Effects of revitalization of old industrial buildings on property values
Income shocks and housing spillovers
Do property rehabs affect neighboring property prices
Measuring the external benefits of homeownership
Foreclosure externalities
The redistribution of housing wealth caused by rent control
JUE insight
Peer effects in the demand for housing quality
Public housing spillovers
The effect of voluntary brownfields programs on nearby property values
Who lives where in the city? Amenities, commuting and income sorting
The birth of edge cities in China
What do young adults on the edges of homeownership look like in big cities in an emerging economy
Spatial spillover effects of crime on private investment at nearby micro-places
Land-use reforms and housing costs
Planning Ahead for Better Neighborhoods
Who Wants Affordable Housing in Their Backyard? An Equilibrium Analysis of Low-Income Property Development
Mandated vs. Voluntary Adaptation to Natural Disasters
Game of Zones
Distinctively Different
The Local Economic Effects of Public Housing in the United States, 1940-1970
| Unique citing works | 68 |
|---|---|
| Citations per year | 4,53 |
| Citation span | 2011 - 2026 (16) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 67 |