Application of Repeat Sales Analysis to Determine the Impact of a Contamination Event

John Kilpatrick

Journal of Housing Research, 2004, vol. 15, issue 2, 129-142

Abstract: Prior studies of environmental contamination examine the cross-sectional impacts, either through a sales-comparison-type model or hedonic pricing. Neither model is robust at analyzing the impact of an event, such as a contamination announcement. Longer term longitudinal studies may not control for exogenous impacts, such as changes in house quality. This study uses a repeat-sales index to extract value-trend changes immediately after a contamination announcement, thus isolating the impacts of the event itself and controlling for exogenous factors. While the study is focused on contamination, it is generalizable to any systemic event.

Date: 2004
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DOI: 10.1080/10835547.2004.12091966

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