Fueling the fire: Information technology and housing price appreciation in the San Francisco Bay area and the Twin Cities

Karen Chappie, John Thomas, Dena Belzer and Gerald Autler

Housing Policy Debate, 2004, vol. 15, issue 2, 347-383

Abstract: Fueled by the information technology industry, many regions saw rapid economic growth in the late 1990s, accompanied by upward pressure on housing prices. Yet housing price appreciation varies significantly within metropolitan areas. This article uses the San Francisco Bay Area and the Twin Cities to examine the variation in appreciation in order to determine the role of intrametropolitan sectoral location patterns in shaping hot and cold local housing markets. It first develops livability indicators at the ZIP code and city levels, as well as economic indicators based on each city's commute‐shed (a geographic region defined by the average travel time between homes and jobs). It then uses discriminant analysis to identify the key indicators that differentiate between rapidly appreciating and slower‐growth areas. Findings suggest the particular importance of information‐intensive start‐up firms in shaping price appreciation in the Bay Area; however, traditional amenities better explain appreciation in the Twin Cities.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/10511482.2004.9521505 (text/html)
Access to full text is restricted to subscribers.

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:taf:houspd:v:15:y:2004:i:2:p:347-383

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RHPD20

DOI: 10.1080/10511482.2004.9521505

Access Statistics for this article

Housing Policy Debate is currently edited by Tom Sanchez, Susanne Viscarra and Derek Hyra

More articles in Housing Policy Debate from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().