Wildfire Risk and the Residential Housing Market: A Spatial Hedonic Analysis
نویسندگان
چکیده
The goal of this paper is to analyze the effect of wildfire hazard risk on residential housing prices in Colorado Springs, Colorado. How does the risk of wildfire impact transaction values, and do buyers and sellers in the residential housing market accurately capitalize their perception of low probability events such as wildfires into the price of a house? Working within the hedonic property model framework, I conducted a spatial analysis of the Colorado Springs housing market. This paper employs regression analysis to better understand how the spatial and structural characteristics of a house, along with an objective wildfire risk rating, jointly determine market value.
منابع مشابه
The Study of Determinants of Rent Housing in Ilam City Based on Hedonic Spatial Econometrics
Abstract: Housing unit is heterogeneous and multidimensional commodity; therefore, to determine effective factors on rent, hedonic pricing model is used. To explain the factors, four properties are used for housing, which are physical variables of residential units, access variables, environmental variables (neighborhood), and economic and social characteristics. The variables related to the sp...
متن کاملSpatial analysis on the state of the housing market in Tehran
Like other economic markets, housing market is comprised of supply and demand dimensions and equality of supply and demand makes the housing market balanced. The aim of this paper is to investigate the characteristics of housing market of Tehran city and some deficiencies of this market with fundamental – applied methodology. The variable studied here is the saleable residential unit with minim...
متن کاملIdentification and analysis of housing submarkets in Tehran City
Housing Submarkets are a set of dwellings that have similar characteristics. They are reasonably close substitutes for one another, yet relatively poor substitutes for dwelling in other submarkets. Identifying housing sub-markets makes it possible to predict housing prices more accurately. Moreover, it helps planners and policy-makers to make better decisions. Despite the importance of this iss...
متن کاملHousing Market Bust and Farmland Values: Identifying the Changing Influence of Proximity to Urban Centers
100 words max): This article estimates the impact of the 2007-2008 residential housing market bust on farmland values, using parcel-level farmland sales data from 2001-2010 for a 50-county region under urbanization pressure in western Ohio. Hedonic model estimates reveal that farmland was not immune to the residential housing bust; the portion of farmland value attributable to proximity to urba...
متن کاملSpatial Transformation of Apartment-Type Housing Buildings (Case S tudy: Gaziantep, Turkey)Turkey
The aims of this s tudy is to analyse the planning and design process, basic principles and thechange-transformation process of the apartment type residential buildings in Turkey, Gaziantep city based on his torical background. The scope of the research consis ts of residential buildings built in the city of Gaziantep, which were built in the pos t-Republican period. In addition, s tate-b...
متن کامل