An Empirical Analysis of Housing Price Appreciation in a Market Stratified by Size and Value of the Housing Stock

J. Allen Seward (), Charles J. Delaney () and Marc T. Smith
Additional contact information
J. Allen Seward: Department of Finance, Insurance & Real Estate P.O.Box 98004 Hankamer School of Business Baylor University Waco, Texas 76798, http://hsb.baylor.edu/fin/default.asp
Charles J. Delaney: Department of Finance, Insurance & Real Estate P.O.Box 98004 Hankamer School of Business Baylor University Waco, Texas 76798, http://hsb.baylor.edu/fin/default.asp
Marc T. Smith: Real Estate Research Center 309C Business Building University of Florida Gainesville, Florida 32611, http://www.cba.ufl.edu/fire/index.html

Journal of Real Estate Research, 1992, vol. 7, issue 2, 195-206

Abstract: This paper examines the relationship between house size and appreciation, and house value and appreciation evidenced in the data collected from a single geographic region. The analysis of the data suggests that high price housing appreciates at a more rapid rate than low and medium price housing during expansionary periods, and there is no statistical difference in the rates of price change in contractionary periods. Further, the rate of price change for larger homes exhibits no consistent difference from the rate of change for small and medium size housing for the time period studied.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1992
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Citations: View citations in EconPapers (10)

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