Three Essays on Housing Markets, Urban Land Use, and the Environment

Three Essays on Housing Markets, Urban Land Use, and the Environment

Author: Jae-Wan Ahn

Publisher:

Published: 2019

Total Pages: 115

ISBN-13:

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The United States is a highly urbanized nation. Today, with a growing number of people living in cities, a better understanding of how changes within urban areas impact the well-being of residents has important implications for policymakers and communities. The urban spatial structure of these cities is continually evolving, and in different ways across cities. This changing urban environment has substantial impacts on health and well-being. This dissertation takes a comprehensive view of social welfare from a policy perspective, including questions related to environmental degradation and public health, in order to scrutinize how urban gradients and urban spatial structures yield different consequences and affect residents in various ways. My first chapter explores how changing urbanization patterns in the United States influences air quality outcomes. Specifically, I seek to answer whether more compact forms of residential development result in better air quality relative to more sprawling patterns. I use spatially explicit data on air pollution and residential development, including over 6 million observations on new housing from tax assessment data, across large metropolitan areas to reveal a causal link between urban sprawl and air pollution from vehicle traffic. I find that compact cities experience a larger reduction in nitrogen dioxide and ozone compared with sprawling cities. In my second chapter, I explore the health benefits of urban green space. In order to better understand the impacts of urban green space on health outcomes, I examine the effects of city park area on mortality rates from cardiovascular disease among the elderly. I combine city park data with data on mortality rates, behavioral risk factors, and socioeconomic characteristics to conduct comparative case studies utilizing a synthetic control method. I select cities with significantly increased and reduced park area and examine how health benefits vary compared to cities where park area has not expanded. My results indicate that cities with increased park area experience a larger reduction in cardiovascular mortality for the elderly compared to their synthetic counterparts, although cities with reduced park area fail to show that there is a negative causal link between the reduction of parkland and cardiovascular mortality. In my third chapter, I study spatial variations in housing market resilience within and across U.S. metropolitan areas. I investigate how residential housing markets respond to the economic boom and bust periods before, during and after the Great Recession across urban, suburban, and exurban areas. Using over 15 million observations of housing sales across the largest 51 metropolitan areas of over one million population, this essay focuses on variations across census tracts to trace the path of housing prices at the neighborhood level. The results indicate that, relative to suburban and exurban areas, housing markets in urban areas were harder hit during the recession but recovered faster after the market crash. Urban and exurban housing markets within cities with high geographical restrictions fell to a similar extent during the bust. I also find that the West region was particularly volatile during this sample period.


Essays on Environmental Regulation and Urban Redevelopment

Essays on Environmental Regulation and Urban Redevelopment

Author: Nicholas Broc Irwin

Publisher:

Published: 2016

Total Pages: 150

ISBN-13:

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In my second chapter, I study the role a spatially targeted urban revitalization program in Baltimore, Maryland, has on neighborhood housing markets. Using a unique set of housing activity data coupled with neighborhood level data on demographics, the environment, and amenities, I exploit the implementation of the program, which created a preliminary list of neighborhoods to target for block-level vacant housing demolition and subsequently funded a selection of those neighborhoods to create a quasi-experimental model. My results show that neighborhoods receiving the program funding -- the treated group -- have a subsequently higher number of housing sales and housing renovations than the non-funded neighborhoods -- the control group -- but this effect only materializes when multiple projects receiving funding in a neighborhood. I also find that high levels of crime dampen the effectiveness of the program on neighborhood housing markets. In my third chapter, I focus on the role of spatial spillovers in the decision of individual homeowners to reinvest into their own housing stock. Using parcel level data from 2005-2008 in Baltimore, Maryland, I utilize a social interactions model to study the effect of previous neighboring renovations on the decision to renovate in the current period while controlling for underlying spatial correlation within the neighborhood. I find strong evidence of spatial spillovers in the renovation decision with an additional neighboring renovation increasing the likelihood of a renovation in the current period; results which are consistent across changing neighborhood size. The overall implications of my research are three-fold. Firstly, I find that the use of spatially explicit data, such as housing parcels, allows me to capture highly localized effects that introduce important sources of heterogeneity that would be overlooked without such data. Secondly, I find strong evidence that public policy creates spillovers that have the potential to generate positive multiplier effects that can magnify across broader spatial scales. Finally, I find that spatial relationships can be an important determinant on economic outcomes at both a parcel and neighborhood level.


Future Land Use

Future Land Use

Author: Robert W. Burchell

Publisher: Cupr/Transaction

Published: 1976-12

Total Pages: 0

ISBN-13: 9780882850252

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Housing in the United States appears to be constantly in the throes of -crises.- The public perception of American domestic crises (including housing) does not reflect changes in real conditions as much as it reflects a cycle of heightened public interest followed by boredom with the issue in question. As one tries to envision the future of housing in the US, one must not develop a trend based upon the temporary vagaries of the moment. In this volume, the editors discuss the long-term elements that serve to define the matrix within which future housing markets must operate. Future Land Use depicts the underlying stability and consistency of American life; the long-term socio-demographic trends; the alternative living arrangements that seem to be emerging; the new attitudes toward urban growth and their legal manifestation; the limitations imposed by the environmental movement; the considerations imposed by a changing energy supply; and the dilemmas arising from the intersection of these trends and forces. Robert W. Burchell and David Listokin conclude that despite changing conditions, the long-term dream of owning a single-family house will still be a goal for most Americans. In a society in which the drafting of a press release may be much more important than its content, in which banners are used as surrogates for reality, how do we all come to grips with weighing and evaluating the parameters that must be considered? The immediate topic of the papers and discussion in Future Land Use raises a challenge for popular government and a clash between immediate comfort and longer-range need.


Modelling the Socio-Economic Implications of Sustainability Issues in the Housing Market

Modelling the Socio-Economic Implications of Sustainability Issues in the Housing Market

Author: Solomon Pelumi Akinbogun

Publisher: Springer

Published: 2020-09-02

Total Pages: 232

ISBN-13: 9783030489533

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This book discusses sustainable housing issues in urban areas throughout the Global South, revealing their complexity in terms of urban dynamics, housing markets and human interactions with the environment. Its main focus is on the location of graves within private residences, cemeteries in the immediate vicinity of private residences, and the implications of these factors for renters’ choices and rents. The book addresses the economics of land use for graves in connection with housing choices and the implications for the rented sector of the property market. By means of several model-based simulations, it demonstrates that the neoclassical economics remedy to the negative externality of graves in or near private residences remains generally unacceptable. Providing readers with a clear understanding of tenants’ priorities in their choice of housing, as well as a new approach to the negative externality of graves in the rented sector, the book will be of interest to policymakers, urban planners, investors in residential housing and land economists alike.


The New Urban Economics

The New Urban Economics

Author: H.W. Richardson

Publisher: Routledge

Published: 2013-04-15

Total Pages: 279

ISBN-13: 1135683042

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This book was first published in 1977. Urban economics is a relatively young field of economics; hardly existing except perhaps in real estate and land economics curricula-before the 1960s. Within the last few years, especially after 1 971, there has been a growth of interest in urban economic theory, strong enough even to attract the attention of general economic theorists. These new theoretical writings have been named the 'New Urban Economics'-NUE for short. The aim of this monograph is to survey and assess NUE, to evaluate its contribution to urban economics, to offer a few extensions and to say something about the future direction of the subfield.


Urban Spatial Structure, Housing Markets, and Resilience to Natural Hazards

Urban Spatial Structure, Housing Markets, and Resilience to Natural Hazards

Author: Chun Il Kim

Publisher:

Published: 2017

Total Pages: 126

ISBN-13:

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This dissertation consists of three essays on urban structure, housing, and environment. The first paper contributes to the existing debate on the co-location hypothesis by devising a proximity measure and controlling for a set of other urban form measures. Multiple regression analysis revealed that job-worker proximity leads to shorter commuting time. In addition, results from subareas suggested that the impact of job-worker imbalance and the impact of job-worker mismatch on the commuting time are both greater in the suburb in comparison with the city center. The second paper examines the impact of the LIHTC construction on nearby housing prices in the Boston metropolitan area by using the AITS-DID method. The paper found that the price gap between the LIHTC micro-neighborhood and the area beyond is reduced by approximately 16.5 percent points after the LIHTC construction. The segmentation of the analysis by sub-region showed spatially heterogeneous results. The findings from this research are contrary to the conventional perception that subsidized housing developments lead to neighborhood decline persistently. Measuring resilience to natural hazards is a central issue in the hazard mitigation sciences. The third paper applied a confirmatory factor methodology to operationalize the biophysical, built environment, and socioeconomic resilience dimensions for local jurisdictions in large urban metropolitan areas in South Korea. The factor covariances showed a trade-off relationship between natural infrastructure and human activities. Densely developed and affluent urban areas tend to lack biophysical resilience. Some local governments, sorted into the same groups, turn out to be located in different metropolitan areas. The spatial variation and inequality in the resilience dimensions suggest the necessity of integrated and flexible governance for sustainable hazard mitigation.