IDEAS home Printed from https://ideas.repec.org/a/taf/rjrhxx/v11y2000i1p1-28.html
   My bibliography  Save this article

Spatio-Temporal Measurement of House Price Appreciation in Underserved Areas

Author

Listed:
  • Roberto Quercia
  • George McCarthy
  • Rhonda Ryznar
  • Ayşe Can Talen

Abstract

In this article, we examine house price appreciation rates and volatility in underserved areas. These include (1) census tracts with median income at or below 90 percent of the area median income (AMI) and (2) tracts with a minority concentration of at least 30 percent and median income up to 120 percent of AMI. Using 1972 to 1993 data from Dade County, FL, we estimate an expanded repeat-sales model that accounts for both space and temporal effects simultaneously.Stressing the exploratory nature of the study, we find that appreciation rates in underserved areas defined on the basis of median income are at least as high as those in other areas. Conversely, appreciation rates are lower in high minority areas than in the overall market.We also find that all underserved areas exhibit higher volatility than other areas, regardless of the definition used to designate them.

Suggested Citation

  • Roberto Quercia & George McCarthy & Rhonda Ryznar & Ayşe Can Talen, 2000. "Spatio-Temporal Measurement of House Price Appreciation in Underserved Areas," Journal of Housing Research, Taylor & Francis Journals, vol. 11(1), pages 1-28, January.
    • Handle: RePEc:taf:rjrhxx:v:11:y:2000:i:1:p:1-28
    DOI: 10.1080/10835547.2000.12091953
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2000.12091953
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10835547.2000.12091953?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jie Li & Sheng Li & Alice Y. Ouyang, 2023. "Housing and Wealth Inequality: The Role of Financial Market Participation," Annals of Economics and Finance, Society for AEF, vol. 24(1), pages 141-170, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rjrhxx:v:11:y:2000:i:1:p:1-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rjrh20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.