An Examination of Systematic Differences in the Appreciation of Individual Housing Units

Katherine Kiel and Richard Carson

Journal of Real Estate Research, 1990, vol. 5, issue 3, 301-318

Abstract: House price appreciation should play an important role in households' decisions of when, where, and how "much" house to buy, and whether to default on their mortgages. Several price indexes are published which could be used as a measure of appreciation, but their focus on aggregate price changes does not facilitate their inclusion in micro-level studies of housing decisions. This paper examines individual housing unit appreciation using owners' valuations. This measure is accurate and is available in several commonly used data sets. Systematic differences in these rates are found between cities, within cities, between different types of units, and between individual owners.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1990
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol05n03/v05p301.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: https://EconPapers.repec.org/RePEc:jre:issued:v:5:n:3:1990:p:301-318

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://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

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

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