Housing Prices, Externalities, and Regulation in U.S. Metropolitan Areas

J. OF HOUSING RESEARCH, Vol. 7 No. 2, 1996

Posted: 8 Nov 1996

See all articles by Stephen Malpezzi

Stephen Malpezzi

University of Wisconsin at Madison

Abstract

Housing prices vary widely between U.S. markets. The purpose of this study is to analyze determinants of housing prices, with particular focus on the effects of regulations in land and housing markets. The basic unit of observation is the city or metropolitan area. The innovative part of the data collection is constructing indexes that reflect regulatory regimes in different markets. The basic method is to model house prices and rents in a simple supply and demand framework focusing on incomes, population changes, "noneconomic" determinants (such as topographical features), and other supply conditions, notably measures of the regulatory environment.

JEL Classification: D46

Suggested Citation

Malpezzi, Stephen, Housing Prices, Externalities, and Regulation in U.S. Metropolitan Areas. J. OF HOUSING RESEARCH, Vol. 7 No. 2, 1996, Available at SSRN: https://ssrn.com/abstract=9173

Stephen Malpezzi (Contact Author)

University of Wisconsin at Madison ( email )

5257 Grainger Hall
Madison, WI 53706
United States
608-262-6007 (Phone)
608-263-0477 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,244
PlumX Metrics