12 Pages Posted: 5 Apr 1999
This article addresses the issue of how closely the fortunes of suburbs are tied to the fortunes of the central city. We develop housing price indices for most of the zip codes in California and use them in a clustering procedure to determine whether city and suburban housing markets naturally aggregate or move separately. We find that central cities tend to group with their suburbs, suggesting that the housing markets of cities and suburbs are closely linked.
JEL Classification: H77, H79
Suggested Citation: Suggested Citation
Goetzmann, William N. and Spiegel, Matthew I. and Wachter, Susan M., Do Cities and Suburbs Cluster?. Cityscape, Vol. 3, No. 3, 1998. Available at SSRN: https://ssrn.com/abstract=156916 or http://dx.doi.org/10.2139/ssrn.156916