“Homes with Value”: Mortgage Finance and the Reconfiguration of Home Value in Urban Mexico

This study makes three contributions to the debate over the effect of local land use regulations on housing prices and affordability. First, it is more geographically extensive than previous studies, encompassing 336 of the nation's 384 metropolitan areas. Second, it looks at multiple measures of regulatory stringency, not just one. Most prior studies have focused either on a single regulatory measure or index across multiple metropolitan areas, or multiple regulatory measures in a single region. Third, this paper considers the connection between regulatory stringency and housing values as a function of employment growth and per-worker payroll levels. We find that restrictive land use regulations do indeed have a pervasive effect on local home values and rents, and that these effects are magnified in faster-growing and more prosperous economies. We also find more restrictive land use regulations are not associated with faster rates of recent home value or rent growth, and that their effects on housing construction levels—that is, the degree to which they constrain supply—is uneven among different housing markets.

Download Full-text

Can Covered Bonds Resuscitate Residential Mortgage Finance in the United States?

SSRN Electronic Journal ◽

10.2139/ssrn.1751389 ◽

2010 ◽

Author(s):

Jay Surti

Keyword(s):

United States ◽

The United States ◽

Residential Mortgage ◽

Mortgage Finance

Download Full-text

Consumers Preferences for Plant Size, Type of Plant Material and Design Sophistication in Residential Landscaping

Journal of Environmental Horticulture ◽

10.24266/0738-2898-18.4.224 ◽

2000 ◽

Vol 18 (4) ◽

pp. 224-230 ◽

Cited By ~ 1

Author(s):

Jill Hardy ◽

Bridget K. Behe ◽

Susan S. Barton ◽

Thomas J. Page ◽

Robert E. Schutzki ◽

...

Keyword(s):

Plant Material ◽

Material Selection ◽

Perceived Value ◽

Value Added ◽

Plant Size ◽

Relative Importance ◽

Home Value ◽

Size Type ◽

Survey Responses ◽

Residential Landscaping

Abstract How much value do consumers place on a good landscape? Self-selected attendees to a Detroit, MI, flower show indicated that plant size was the most important factor in the perceived value of a landscape. Holding other factors equal, increasing from the smallest size plant generally available for installation to the largest size defined in our study increased perceived home value by 5.0%. Design sophistication was almost as important as size. Holding other factors equal, upgrading from a traditional foundation planting to a sophisticated design that incorporated multiple bed and curved bedlines increased perceived home value by 4.5%. The type of plant material used was the least important. The relative importance of plant material selection as a factor contributing value added to the home by the landscape was almost half that of plant size and over 40% less than design sophistication. The conjoint model produced from 158 survey responses predicted that from the least valued landscape to the most valued landscape the perceived value of the home increased 12.7%.

Download Full-text