Inner-City Neighbourhood Changes Predicted from House Prices in Windsor, Ontario, since the Early- or Mid-1980s

• 作者: Alan G. Phipps
• 来源期刊: 房屋建造与规划研究(英文)
• 学科: 经济
• 关键词: Neighbourhood Change House Price Local Event Hybrid Housing Price Model Inner-City Neighbourhood
• 年，卷（期）: 2020,（2）
• 页码范围: 138-160
• 页数: 23页
• 分类号: F42

摘要

Changes in prices of homes are hypothesized as correlated with the times of their sale and resale and the attributes of their dwelling unit and neighbourhood and those of neighbouring homes. They may also be correlated with the occurrences of events inside the neighbourhoods caused by the activities of </span><span style="font-family:Verdana;">individuals and organizations outside the neighbourhoods, such as whether the local economy is in a recession or has a high unemployment rate. Calibrated hybrid housing price models predict precipitous decreases in house prices of approximately 2900 sold and resold homes in two inner-city neighbourhoods</span> <span style="font-family:Verdana;">in Windsor, Ontario, during those events since 1981 or 1986. Overall modest predicted percentage increases in houses’ prices during more than 30 years therefore subsumed periods of inner-city neighbourhood deterioration i</span><span style="font-family:Verdana;">n </span><span style="font-family:Verdana;">dispersed locations of unimproved and disimproved homes. Compensatory predictions however are of increasing prices for minorities of homes with improvements to several attributes of the dwelling unit and neighbourhood.