Cleaning up brownfields such as Superfund sites is expected to catalyze neighborhood change in the vicinity. Several previous studies have estimated changes in housing prices associated with Superfund sites, with mixed results. This paper provides new estimates of price effects associated with...

Floods are among the most destructive disasters in the United States, and the National Flood Insurance Program has been criticized for its limitations in reflecting actual flood risk. Leveraging two unique parcel-level datasets, this paper provides evidence on two core issues – (a) the...

Neighborhoods are the result of a complicated interplay between residential choice, housing supply and the influences of the larger metropolitan system on its constituent parts. We model this interplay as a system of reduced-form equations in order to examine the effects of a generous spatially...

Much has been written identifying property price effects of historic preservation policies. Little attention has been paid to the possible policy endogeneity in hedonic price models. This paper outlines a general case of land use regulation in the presence of externalities and then demonstrates...

Neighborhoods are the result of a complicated interplay between residential choice, housing supply and the influences of the larger metropolitan system on its constituent parts. We model this interplay as a system of reduced-form equations in order to examine the effects of a generous spatially...

This article measures the impacts of historic preservation regulations on property values inside and outside of officially designated historic districts. The analysis relies on a model of historic designation to control for the tendency to designate higher quality properties. An instrumental...