The Effect of Residential Investment on Nearby Property Values: Evidence from Clevel and Ohio

Topics:
Property Analysis,
Strategic Leasing
Tags:
Finance,
Investment,
Property Value
Source:
California State University, Fullerton - College of Business and Economics

FREE Registration is required

Overview: This study analyzes the effect of both new and rehabilitation residential investment on nearby property values in Cleveland, Ohio. The methodology used is hedonic price regression with spatial lagged variables that are generated applying geographic information systems. There are four major findings. First, the effect of investment on property values is geographically limited. Second, new investment has a greater impact on nearby property values than rehabilitation. Third, there is evidence that new construction and rehabilitation have a significantly positive impact in low-income areas, as well as predominantly non-minority neighborhoods. Finally and most importantly, the research suggests that small-scale investment has no impact on nearby property values. Thus, investment policy, which promotes and encourages investments that are not sufficiently large, may not be able to improve tax bases and enhance neighborhoods.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 132KB | Date: Jan 2000 | Pages: 26

Top results from Strategic Leasing

White Paper Power Solutions Article: Streamlining Data Management with CommVault Simpana and Dell EqualLogic PS5500E iSCSI SANs
White Paper Techical Whitepaper: Configuring Deduplication for High Performance
White Paper Whitepaper: Dell Proconsult Deduplication Services
Download Deduplication Calculator
White Paper Power Solutions Article: High-Availability Virtualization with Dell EqualLogic Arrays and Microsoft Windows Server 2008 R2 Hyper-V

» View all Strategic Leasing listings

Top results from Property Analysis

Download IBM® Industry Podcast series: Tips for Thriving in Today's Economy with BPM.
White Paper Simplifying the Management of Tier 1 ERP Systems for Mid-Sized Companies
White Paper IT Tipping Point for Midsized Companies: Deciding When to Move to Tier 1 ERP
White Paper Real Estate Industry Poised for Recovery Despite Slowing Economy
White Paper A Simulation Analysis Of The Relationship Between Retail Sales And Shopping Center Rents

» View all Property Analysis listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).