Due to their negative effects on surrounding neighborhoods, some countries have gradually been replacing distressed public housing developments with mixed-income housing. This paper studies the effects of such policies on local housing markets in London (UK), where local authorities demolished...

The age-period-cohort problem has been studied for decades but without resolution. There have been many suggested solutions to make the three effects estimable, but these solutions mostly exploit non-linear specifications. Yet, these approaches may suffer from misspecification or omitted...

This article examines the spatially varying effect of age on single-family house (SFH) prices. Age has been shown to be a key driver for house depreciation and is usually associated with a negative price effect. In practice, however, there exist deviations from this behavior which are referred...

This paper investigates the impact of kindergarten proximity on housing market prices in the eleven major Italian Municipalities over the period 2004-2017. For this purpose, we employ a hedonic property price model. We also differentiate the impact of kindergarten proximity on houses' market...

House price prediction has traditionally been approached using linear or spatial linear hedonic models and focused on big cities. In this study, we developed a flexible spatiotemporal model (FSTM) to explore the spatiotemporal characteristics of the residential house price and the impact factors...

Hedonic house price indices adjust the average sales prices for the change in the quality of the property sold over time. This paper proposes a framework to disentangle the contribution of each individual dwelling characteristic to this quality change. We apply our framework to a unique dataset...

The aim of this study is to analyze the dynamics of the housing market in Turkey's economy and to examine the impact of variables related to housing prices. Preferred by many international housing investors, Turkey hosts profitable real estate investments as one of the developing countries with...

In the past fifty years, a voluminous literature estimating the value of schools through capitalization in home prices has emerged. Prior research has identified capitalization using a variety of approaches including discontinuities caused by boundaries. Here, we use changes in school boundaries...

In the United States, flood events are the most economically damaging type of natural disaster. Some of the most widely used tools for understanding property flood risk in the United States are the Flood Insurance Rate Maps (FIRMs) produced by the Federal Emergency Management Agency (FEMA)....

In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...

Accurate estimates of land values on a property-by-property basis are an important requirement for the effective implementation of land-based property taxes. We compare hedonic, residual, and matching techniques for mass appraisal of residential land values, using data from Maricopa County,...

Climate change and the recent rapid expansion of residential areas into rural areas after the outbreak of COVID-19 expose more communities to the wildfire risk. This research adopts a unique database containing house transaction data from near the boundary of the Bushfire Prone Area (BPA), which...

In 2017, the German federal government passed the Railroad Noise Protection Act to reduce the noise emitted by freight trains. This paper evaluates the effects of this law on house prices by using regional variation comparing affected homes close to train tracks and homes in greater distance...

This study investigates the effect of self-expressiveness and hedonic brand aspect on brand jealousy through brand love of female fashion clothing brands. Conceptualized research framework is empirically tested through utilization of Smart PLS. Data are collected through questionnaire survey...

This paper examines whether a tradeoff exists between the level of pension benefits and wages for comparably skilled workers. The 1983 survey of Consumer Finances is used to match detailed information on pension plans to detailed personal characteristics of a random sample of the population. The...

In this contemporary world, electronic word of mouth (eWOM) platforms (or media) have become a prerequisite information source for online surfers, especially when planning excursions. However, tourists refer to the reviews of these platforms based on utilitarian and hedonic aspects. The...

Purchasing a home in today's environment is a time-consuming process. It is necessary to approach a real estate agent and obtain information, which is not safe and can result in theft. We are attempting to create an online efficient means of determining house prices for a certain region based on...

The Housing Price Index (HPI) tracks residential home prices and quantities across the eight largest cities in India. The indices are constructed using quarterly survey data collected by Housing.com and are available from 2017-present. The survey includes information on price per square foot,...

In this paper, we examine the relationship between housing prices and municipal amalgamations. Due to consumer preference for access over amenity value, there is a spatial disparity of housing prices, reflecting the value of land in specific locations. According to \citet{tiebout1956} local...

In some applications of supervised machine learning, it is desirable to trade model complexity with greater interpretability for some covariates while letting other covariates remain a "black box". An important example is hedonic property valuation modeling, where machine learning techniques...

We investigate the impact of memory on consumption by linking random disturbances due to variations in air pollution during house viewings with the final house resale transaction price. We use tracked air pollution on the day of viewing and a cross-sectional model with community fixed effects to...

House prices have risen rapidly in most advanced economies. This paper examines to which extent house prices have affected rental markets in 9 advanced economies. The analysis reveals that the short-term pass-through of house prices to rents is typically limited: ceteris paribus, a 10% increase...

This paper studies the effects of collateral quality shocks on house prices, the price-rent ratio, and the macroeconomy in a dynamic general equilibrium model with housing collateral. Collateral quality is not as perfect as is typically assumed in the existing literature on collateral...

A hedonic regression framework is proposed for evaluating the determinants of beer prices and consumer ratings. This study specifically addresses the endogeneity problem associated with the impact of consumer ratings on beer prices using a set of beer sensory and chemical characteristics as...

Climate change and the recent rapid expansion of residential areas into rural areas after the outbreak of COVID-19 expose more communities to the wildfire risk. This research adopts a unique database containing house transaction data from near the boundary of the Bushfire Prone Area (BPA), which...

The dense population and high solid waste production make it challenging to determine the optimal routes for garbage collection trucks in metropolitan cities. Moreover, incorrectly planned routes cause waste of fuel, time, and other resources in the municipal garbage collection process. Vehicle...