Connecticut Housing: Variety Adds Some Spice to Price

Steven Lanza

The Connecticut Economy, 2013, issue Spring

Abstract: Home values, like all prices, are the product of an ongoing interplay between the forces of supply and demand. But those broad forces depend in turn on a range of factors, including the characteristics of home buyers, the homes themselves, and the towns in which the homes are located. Another key determinant appears to be the diversity of the housing stock. Towns with housing units of assorted sizes, from one-room efficiencies to cozy bungalows to sprawling McMansions and everything in between, tend to have and to maintain higher home values than towns that lack residential diversity.

JEL-codes: J64 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://cteconomy.uconn.edu/articles/2013N2_Spring/SL_S2013.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:uct:ctecon:13-spr-01

Ordering information: This journal article can be ordered from
University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1240
http://cteconomy.uconn.edu/subscription.html

Access Statistics for this article

More articles in The Connecticut Economy from University of Connecticut, Department of Economics University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1240. Contact information at EDIRC.
Bibliographic data for series maintained by Steven Lanza ().