This study uses the hedonic framework to look at an aspect of planning and its effects on property values. Specifically, the study examines the impacts of cluster residential development on home value using data on Lower Gwynedd Township (Pennsylvania, USA). Other factors remaining constant, the...

This paper examines the sales effects of local historic preservation. Using the hedonic framework our study shows that small historic apartment buildings experienced a 24 percent reduction in price compared to nonlocally certified properties. Our variable for federal historic districts, however,...