This paper estimates both the conditional systematic and idiosyncratic risks in the housing market using the monthly housing price data on U.S metropolitan areas over the sample period Jan 1987 to Oct 2008. Different to previous studies, this paper decomposes the total risk in housing market into both the systematic and the nonsystematic parts by introducing new model-independent approaches for...

The Housing Facts & Findings newsletter published by Fannie Mae Foundation in January (Volume 5, Number 1) carried the following article authored by Arthur C. Nelson. Nelson is Professor and Director of Graduate Studies in Urban Affairs and Planning at Virginia Tech’s Alexandria Center. He is also Fellow of the American Institute of Certified Planners and Senior Fellow of the Metropolitan Insti...

residential location choice modeling is one of the areas in transportation planning that attempts to examine households location search behavior incorporating their trade-offs between housing quality, prices or rents, distance to work and other key factors. this brings up the need to come up with methods to logically allocate credible choice alternatives for individuals.this article attempts to...

How does the location of new jobs in a metropolitan area affect the suburban housing market? Economists expect job growth to increase the demand for housing, and furthermore , they expect the increase in demand to be greater in communities near the new jobs than in more distant ones. Moreover, growth in jobs with higher wages should increase the demand for housing more than growth in jobs with ...

Immigration and the Neighborhood What impact does immigration have on neighborhood dynamics? Within metropolitan areas, we find that housing values have grown relatively more slowly in neighborhoods of immigrant settlement. We propose three nonexclusive explanations: changes in housing quality, reverse causality, or the hypothesis that natives find immigrant neighbors relatively less attractive...

Any opinions expressed are those of the authors and not those of the Joint Center for Housing Studies of Harvard University or of any of the persons or organizations providing support to the Joint Center for Housing Studies.

We would like to thank participants at seminars at the AREUEA Annual Meetings (Chicago), Ben-Gurion University, the Federal Reserve Bank of New York, the Housing-Urban-Labor-Macro Conference (Atlanta), Hunter College, the NBER Public Economics Program Meeting, the New York University Furman Center, the University of British Columbia, the University of Connecticut, the University of Michigan, th...

In this preliminary chapter, we analyse the two dimen¬ sions we believe hold greatest relevance to the gated housing estate phenomenon in general and which contribute most to studying its social production. Firstly, we interpret the phenomenon as a specific socio-spatial form with a defined physical morphology and with specific social characteristics, causes and possible effects. Secondly, we s...