Architectural Review Boards and Their Impact on Property Price and Time-on-Market

Ken Johnson, Justin Benefield and Jonathan Wiley

Journal of Housing Research, 2009, vol. 18, issue 1, 1-18

Abstract: This paper investigates the impact of privately-administered architectural review boards on property price and marketing time and, thus, their financial efficacy. Additionally, the paper demonstrates the usefulness of two-stage least squares regression as a modeling technique to better capture the simultaneous determination of property price and property marketing time. Robust results across two-stage least squares estimations and more traditional employed hedonic and hazard model estimations show that properties subject to architectural review board oversight experience a significantly higher selling price and a simultaneous reduction in marketing span, ceteris paribus.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2009.12091999 (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:rjrhxx:v:18:y:2009:i:1:p:1-18

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrh20

DOI: 10.1080/10835547.2009.12091999

Access Statistics for this article

Journal of Housing Research is currently edited by Kimberly Goodwin

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