this article, with a focus on the change and transformation process of the approaches and trends affecting the new towns policy, scrutinizes the first and second generations of the new towns in reference to the south korea as a case study. the first generation of new towns development in south korea is associated with the rapid growth of urbanization, industrialization and subsequently economic...

In an earlier paper, Goodman and Thibodeau [Journal of Housing Economics 7 (1998) 121] examined housing market segmentation within metropolitan Dallas using hierarchical models (Hierarchical Linear Models: Applications and Data Analysis Methods, Sage, Newbury Park, 1992) and single-family property transactions over the 1995:1 – 1997:1 periods. Their preliminary results suggested that hierarchic...

The spatial deconcentration of population during the 20th century and the resulting expansion of human settlements has been a significant cause of anthropogenic landscape change in the United States and many other countries. In the seven-state North Central Region, as in other regions of the US, changing human settlement patterns are most prominent at the outlying fringe of metropolitan areas a...

The diversity of housing-unit supply in suburban areas has been a central concern for planners and policy makers for at least 50 years. Absence of census crosstabulation data on housing unit structure-type by unit-size (number of bedrooms), has limited our understanding of the historical and regional evolution of relative suburban housing-unit diversity. I use census microdata to estimate measu...

Due to moving and transactions costs, most housing buyers do not routinely move in response to small changes in income or housing price. In this paper, the ‘‘own–rent,’’ ‘‘move– stay,’’ and length-of-stay decisions are modeled as multi-period optimization in the presence of transactions costs. The empirical section uses the American Housing Survey to provide a unique 12-year panel of household ...

This study models demand by owner-occupied housing ‘‘stayers.’’ Most consumers do not move routinely in response to small changes in income or housing price, so the ‘‘own rent’’ and ‘‘move stay’’ decisions are modeled as multiperiod optimization in the presence of transaction costs. The empirical section uses the ‘‘American Housing Survey’’ to provide a panel of household stayers for a metropol...

This study evaluates the effectiveness of geographic diversification in reducing housing investment risk. To characterize diversification potential, we estimate spatial correlation and integration among 401 U.S. metropolitan housing markets. The 2000s boom brought a marked uptrend in housing market integration associated with eased residential lending standards and rapid growth in private mortg...

* Copies of these and other Urban Center publications are available on the web site, www.brookings.edu/urban, or by calling the Urban Center at (202) 797-6139. Foundation for their support of our work on metropolitan trends. The Center's Metropolitan Initiative aims to better understand the mix of market, demographic and policy trends that contribute to the growth and development patterns we se...

Considerable portion of housing sector from gross domestic product indicates relationship between housing sector and macroeconomics. This paper focuses on consumption demand of housing and variables that can affect it and represents a theoretical framework for changes of housing prices regarding variables such as income per capita, liquidity and land per capita, the present paper studies effect...