Measuring Price Effects from Disasters Using Public Data: A Case Study of Hurricane Ian

Justin C. Contat, William Doerner, Robert N. Renner and Malcolm J. Rogers

Journal of Real Estate Research, 2025, vol. 47, issue 2, 170-217

Abstract: Natural disasters can disrupt housing markets, causing destruction to communities and distress to economic activity. To estimate the effects of disasters on home prices, publicly available data on property damages are often used to classify “treated” properties. However, by design, these data lack precise geospatial information, leading to measurement error in the treatment variable because aggregate measures must be used. We leverage leading difference-in-differences and synthetic control methodologies across various treatments and levels of geography to measure price effects with such data following Hurricane Ian’s unexpected landfall in Southwest Florida during September 2022, coinciding with the state’s initial recovery from the COVID-19 pandemic. Empirical results suggest positive, time-varying price effects, though we place caveats on these results because there may be many mechanisms underway; our results should be interpreted as descriptive correlations and not causal effects for various reasons. Our main contribution is methodological, highlighting the importance of robustness checks, functional form, statistical techniques, and testing across different samples. Additionally, quicker access to high-quality public data could enhance quantitatively informed conversations on natural disaster effects.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/08965803.2024.2391213 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Measuring Price Effects from Disasters using Public Data: A Case Study of Hurricane Ian (2024)
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:rjerxx:v:47:y:2025:i:2:p:170-217

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjer20

DOI: 10.1080/08965803.2024.2391213

Access Statistics for this article

Journal of Real Estate Research is currently edited by William Hardin and Michael Seiler

More articles in Journal of Real Estate Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().