scholarly journals The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values

2007 ◽  
Vol 67 (4) ◽  
pp. 849-883 ◽  
Author(s):  
William J. Collins ◽  
Robert A. Margo
Keyword(s):  
Census Tract ◽  
Census Data ◽  
Central City ◽  
Property Values ◽  
Residential Property ◽  
Property Value ◽  
The 1960S ◽  
American Cities

In the 1960s many American cities experienced violent, race-related civil disturbances. This article examines census data from 1950 to 1980 to measure the riots' impact on the value of central-city residential property, and especially on black-owned property. Both OLS and IV estimates indicate that the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Census tract data for a small number of cities suggest relative losses of population and property value in tracts that were directly affected by riots compared to other tracts in the same cities.

scholarly journals Meta-Functional Transfer of Hedonic Property Values: Application to Great Lakes Areas of Concern

2010 ◽  
Vol 39 (1) ◽  
pp. 101-113 ◽  
Author(s):  
John B. Braden ◽  
Xia Feng ◽  
Luiz Freitas ◽  
DooHwan Won
Keyword(s):  
Great Lakes ◽  
Census Data ◽  
Meta Analysis ◽  
Property Values ◽  
Property Value ◽  
Hedonic Property ◽  
Areas Of Concern ◽  
The Cost ◽  
Home Values

This paper explores the use of functional benefits transfer to forecast the effects of waste sites on property values. The results of a meta-analysis of hedonic studies of waste sites are coupled with spatial analysis techniques to produce estimates of the effects of toxic contamination in Areas of Concern (AOCs) in the U.S. Great Lakes. Based on U.S. Census data for median home values, the methods used here suggest that approximately S5.2 billion (2005 dollars) have been lost in residential property values surrounding twenty-three of the AOCs. This compares to estimates that place the cost of remediation of all U.S. AOCs at up to $4.5 billion (2005 dollars). The case study also identifies issues surrounding the use of a meta-analysis with hedonic property value studies to support functional transfer.

scholarly journals WINDFARMS AND RESIDENTIAL PROPERTY VALUES

2014 ◽  
Vol 18 (2) ◽  
pp. 116-124 ◽  
Author(s):  
Iona McCarthy ◽  
Hatice Ozer Balli
Keyword(s):  
Property Values ◽  
Residential Property ◽  
Hedonic Regression ◽  
Open Market ◽  
Hedonic Models ◽  
Property Value ◽  
Viewshed Analysis ◽  
Residential Property Values ◽  
Visual Impact ◽  
The Impact

This study examines the effect that windfarm visibility has on residential property values using a hedonic regression model. The study area is Ashhurst, New Zealand, a township of approximately 900 dwellings. Ashhurst is located within eight kilometres of two separate windfarms that were developed between 1998 and 2007 comprising 103x660kW turbines, 31x3MW turbines, and 55x1.65MW turbines. The analysis uses the 945 open market house sales that occurred in Ashhurst between 1995 and 2008. Visual impact of turbines is studied to capture the impact of windfarms and it is assessed using GIS viewshed analysis and by field inspection. The hedonic models had satisfactory explanatory performance and in each case indicated that the turbines located between 2.5 and 6 kilometres from the township of Ashhurst had no significant impact on property value.

scholarly journals Exotic Forest Insects and Residential Property Values

2006 ◽  
Vol 35 (1) ◽  
pp. 155-166 ◽  
Author(s):  
Thomas P. Holmes ◽  
Elizabeth A. Murphy ◽  
Kathleen P. Bell
Keyword(s):  
Property Values ◽  
Residential Property ◽  
Property Value ◽  
Negative Effects ◽  
Control Programs ◽  
Potential Control ◽  
Hemlock Decline ◽  
Hedonic Property ◽  
Residential Property Values

This paper presents a case study of the economic damages to homeowners in a northern New Jersey community due to an exotic forest insect—the hemlock woolly adelgid. Hedonic property value methods are used to estimate the effect of hemlock health on property values. A statistically significant relationship between hemlock health and residential property values is established. Moreover, there are some signs of spillover impacts from hemlock decline, as negative effects are realized on the parcels where the declining hemlock stands are located as well as on neighboring properties. These results give some indication of the benefits of potential control programs and strategies and also show support for community- or neighborhood-based programs in residential settings.

Effect of public green space on residential property values in Belfast metropolitan area

2014 ◽  
Vol 19 (2) ◽  
pp. 117-137 ◽  
Author(s):  
J. McCord ◽  
M. McCord ◽  
W. McCluskey ◽  
P.T. Davis ◽  
D. McIlhatton ◽  
...  
Keyword(s):  
Green Space ◽  
Positive Impact ◽  
Property Values ◽  
Green Spaces ◽  
Residential Property ◽  
Property Value ◽  
Sale Price ◽  
Content Type ◽  
The Uk ◽  
Public Green Space

Purpose – The aim of this study is to add to the emerging knowledge base in the UK and be of relevance to land use planners and all stakeholders in property taxation. Urban green open spaces are valuable environmental resources often associated with positive influences for quality of life and property value. Design/methodology/approach – Using a hedonic pricing specification, this paper measures the proximate effect of public green space on residential property value. It examines the relationship between 3,854 residential sales transactions and public green spaces across the Belfast housing market gathered from Land and Property Services throughout the year 2011 showing the percentage effect on property value with respect to distance to public green spaces. Findings – The results show that, ceteris paribus, urban green space has a significant positive impact on proximate residential properties sale price for the terrace and apartment sectors and that terrace and apartment property located closer to public green spaces achieved increases in sale price of up to 49 per cent. Adjacency to green open space produced significant property value premiums in only two of the four housing types analysed, with limited statistically significant proximate effects evident for the detached and semi-detached sectors, a finding which has important social and public policy implications. Originality/value – A number of empirical studies have demonstrated that public green space, such as urban parks, have a positive impact on property values. However, there is a paucity of empirical research on this relationship in the UK. This study serves to address this gap by examining the effect of public green spaces on house price within the medium-sized regional city in the UK.

scholarly journals Case study of property value transfer attributed to transit: spatial and temporal hedonic price impact of light rail in Minnesota’s Twin Cities

2021 ◽  
Vol 23 (1) ◽  
Author(s):  
Kate Ko
Keyword(s):  
Saint Paul ◽  
Property Values ◽  
Price Impact ◽  
Twin Cities ◽  
Residential Property ◽  
Light Rail ◽  
Hedonic Price ◽  
Property Value ◽  
Value Transfer

Does the proximity of transit increase property values, and can one example apply to another? Using a spatial and temporal hedonic price framework, a study of light rail transit’s impact on residential property values compares the station area property impacts of the Green and Blue lines in Saint Paul and Minneapolis. The study also points to when “value transfer” (used here to describe the comparison and application of property value impacts near transit) is appropriate, and what practitioners should keep in mind to maximize the effectiveness of the exercise. In the case of value transfer for transit, the study finds that intimate local knowledge matters more than special modeling specifications to appropriately capture the impacted properties and transfer the return of investment.

scholarly journals Hedonic Analysis of Forest Pest Invasion: the Case of Emerald Ash Borer

Forests ◽  
2019 ◽  
Vol 10 (9) ◽  
pp. 820 ◽  
Author(s):  
Li ◽  
Holmes ◽  
Boyle ◽  
Crocker ◽  
Nelson
Keyword(s):  
Property Values ◽  
Emerald Ash Borer ◽  
Invasive Pest ◽  
Residential Property ◽  
Forest Pest ◽  
Property Value ◽  
Value Analysis ◽  
Property Owners ◽  
Ash Trees ◽  
The Impact

The emerald ash borer (EAB) was first detected in North America in 2002, and since its introduction, this invasive pest has killed millions of ash trees. While EAB kills native North American ash trees in all settings, its impacts have been especially large in urban areas where ash has been a dominant street tree, especially in residential areas. While some management costs, such as insecticide treatment, tree removal, or tree replacement, are relatively straightforward to compute, the impact that EAB has had on residential property values is less clear. To better understand the economic cost of EAB in urban settings, we conducted a hedonic property value analysis to evaluate the impact of ash tree damages due to EAB infestation on housing sales prices. This study was conducted in the city of Milwaukee, Wisconsin, which had high stocking levels of ash trees prior to EAB’s arrival. The objectives of the study are to investigate: (1) how EAB-infested ash trees affect property values; (2) whether the benefits from healthy ash trees to property value change after arrival of EAB; and (3) whether healthy ash trees located within infested neighborhoods provide the same benefits as the healthy ash trees located outside of infested neighborhoods. In general, our results show that the EAB outbreak has had a negative impact on home values for properties located in close proximity to the ash tree component of the urban forest. This result holds true for neighborhoods where EAB does not yet pose an imminent threat, and is amplified for neighborhoods where EAB has been detected. Our results highlight the early stages of a dynamic economic process that impacts urban residential property owners subject to the risk of EAB or other tree pests and diseases. In general, we find that forward-looking behavior of residential property owners is capitalized into property values during the process of forest pest infestation.

Little Burgundy: The Interwoven Histories of Race, Residence, and Work in Twentieth-Century Montreal

2019 ◽  
Vol 46 (1) ◽  
pp. 23-44
Author(s):  
Steven High
Keyword(s):  
Urban Renewal ◽  
Black Men ◽  
Black Community ◽  
Central City ◽  
Poor Whites ◽  
Massive Scale ◽  
English Speaking ◽  
1960S And 1970S ◽  
The 1960S ◽  
American Cities

Until the 1950s, most black men in Montreal worked for the railway companies as sleeping car porters, dining car employees, and red caps. The city’s English-speaking black community took root in Little Burgundy because it was close to Windsor and Bonaventure train stations. The area between Saint-Henri and Griffintown, north of the Lachine Canal, in the city’s Southwest Borough, was once known by many names. “Little Burgundy” was invented in the 1960s by city officials to describe their urban renewal plans for the area. If employment mobility was foundational in making this community, it proved just as central in its unmaking in the 1960s and 1970s. The shift from trains to cars and trucks had a two-fold impact on Little Burgundy. First, employment levels collapsed with the decline of passenger train travel, leaving many black men unemployed. Then the state built a highway through the neighbourhood to facilitate the mobility of mainly white suburban workers and consumers making their way to the central city. Next, the neighbourhood was “renewed” on a massive scale. What followed were years of dislocation and crisis. Much of the black community was dispersed as a result. It was no coincidence. The radical restructuring of North American cities disproportionately affected racialized minorities and poor whites. What was different here was that the area’s reputation for being the birthplace of black Montreal emerged after the community had been largely dispersed by urban renewal.

Residential Property Values Improved by Landscaping with Trees

1985 ◽  
Vol 9 (3) ◽  
pp. 162-166 ◽  
Author(s):  
L. M. Anderson ◽  
H. K. Cordell
Keyword(s):  
Real Estate ◽  
Property Tax ◽  
Property Values ◽  
Residential Property ◽  
Listing Service ◽  
Property Value ◽  
Single Family ◽  
Sales Price ◽  
Multiple Listing Service ◽  
The City

Abstract A 3 to 5% increase in the sales prices of-single-family houses in Athens, Georgia, was associated with the presence of trees in their landscaping, according to data from real estate records on over 800 house sales from 1978 to 1980. The average house sold for about $47,000 and had five front-yard trees visible in its Multiple Listing Service photographs. An average sales price increase of $1,700 to $2,100 was associated with the presence of these trees. This increase in property value represents an income of over $200,000 a year to the city in property tax revenues.

Pavement Condition and Residential Property Values: A Spatial Hedonic Price Model for Solano County, California

2018 ◽  
Vol 23 (3) ◽  
pp. 243-261
Author(s):  
Kihwan Seo ◽  
Deborah Salon ◽  
Fraser Shilling ◽  
Michael Kuby
Keyword(s):  
Property Values ◽  
Residential Property ◽  
Hedonic Price ◽  
Property Value ◽  
Pavement Condition ◽  
Traffic Conditions ◽  
Travel Experience ◽  
Residential Property Value ◽  
Transportation Agencies ◽  
The Relationship

Transportation agencies invest billions of dollars every year in resurfacing roadways, ostensibly to improve the travel experience. When locally funded, one justification for increased expenditure on the pavement surface is that it could increase property values. We evaluated this approach directly, using hedonic regression to estimate the relationship between pavement condition and residential property value in Solano County, California. We hypothesized that improving pavement condition would positively affect property values in two ways: directly as an indicator of neighborhood blight and indirectly through its effect on traffic conditions and noise. We estimated this relationship for the County as a whole and for each city within the County, controlling for spatial autocorrelation. The estimated relationship is small in magnitude and often not statistically significant. Although there are certainly reasons to improve pavement condition, our results suggest that increasing property value may not be one of them.

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