n terms of housing issues, the primary public policy focus of economists has been the affordability of homes, mortgage availability, land-use regulation, and rent control. Studies of land-use regulation focus on the effects of regulation on the price of owner-occupied housing. Work on low-income housing has concerned itself more with issues of measurement and the debate over supply-side versus ...

It is widely recognized that options and futures markets for housing can reduce and manage the risks inherent in consumers’ large investments in housing equity. The integrity of such markets depends, however, upon the use of transparent and replicable benchmarks for house prices and settlement values. In the USA, a series of state and metropolitan indexes have been produced by a government agen...

An urban microeconomic model of households evolving in a 2D cellular automata allows to simulate the growth of a metropolitan area where land is devoted to housing, road network and agricultural/green areas. This system is self-organised: based on individualistic decisions of economic agents who compete on the land market, the model generates a metropolitan area with houses, roads, and agricult...

We argue that anti-density zoning increases black residential segregation in U.S. metropolitan areas by reducing the quantity of affordable housing in white jurisdictions. Drawing on census data and local regulation indicators compiled by Pendall, we estimate a series of regression models to measure the effect of maximum density zoning on black segregation. Results estimated using ordinary leas...

Recent years have witnessed the increasing popularity of housing allowance as a major housing policy in countries across the world. However, the research on behavior impacts of housing benefits is still in paucity. In this paper, we present a tentative attempt to investigate an issue that not explored before: does higher level of welfare reliance on housing allowance promote or depress recipien...

Advanced statistical models have been widely used in real estate valuations for various purposes over the last fifty years, and hedonic approaches with their simple easy interpretable features are still most popular among these models. However, spatial heterogeneity autocorrelation two major of housing markets, traditional regression cannot reflect locational effects into model sufficiently. Th...

Racial and ethnic inequality in homeownership remains stubbornly wide, even net of differences across groups in household-level sociodemographic characteristics. This article investigates the role of contextual forces in structuring disparate access to homeownership among minorities. Specifically, I combine household- and metropolitan-level census data to assess the impact of metropolitan housi...