Measuring the Effects of "Adults Only" Age Restrictions on Condominium Prices

Marcus T. Allen ()
Additional contact information
Marcus T. Allen: Department of Finance and Real Estate Florida Atlantic University College of Business 2912 College Avenue Davie, Florida 33314, http://www.collegeofbusiness.fau.edu/

Journal of Real Estate Research, 1997, vol. 14, issue 3, pages 339-346

Abstract: Current U.S. housing policy prohibits discrimination in the sale or rental of housing or in the provision of brokerage services on the basis of race, color, religion, sex, national origin, disability, or familial status. Since 1988, an exception to this policy has permitted owners and operators of buildings and facilities that were intended to be operated as housing for older persons to discriminate against younger residents, including families with children and pregnant women, without violating the nation's fair housing laws. This exception was clarified by the Housing for older persons. The purpose of this study is to consider whether such restrictions have a measurable effect on housing prices. Based on data from condominium transactions in southeast Florida, the results presented here suggest that age restrictions have a positive price effect, holding other determinants of condominium prices constant.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1997
View list of references

Downloads: (external link)
http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol14n03/v14p339.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jre:issued:v:14:n:3:1997:p:339-346

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://aux.zicklin.b ... u/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society
Address: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Series data maintained by JRER Graduate Assistant/Webmaster ().