The Washington Center for Real Estate Research has released a new report entitled “The State of the State’s Housing.” This is an inaugural annual report. View the report here.
Department: Runstad Department of Real Estate
Professor Steve Bourassa quoted in The Bellingham Herald on First-time Buyer Housing Affordability
Professor Steve Bourassa of the Washington Center for Real Estate Research (WCRER) and Runstad Department of Real Estate was quoted in a story entitled “First-time Buyer Affordability at Lowest Point in Four Years” in The Bellingham Herald. Read the full article here.
Professor Steve Bourassa featured in The News Tribune discussing housing listings and interest rates
Professor Steve Bourassa of the Washington Center for Real Estate Research (WCRER) and Runstad Department of Real Estate was quoted in a story entitled “Listings are up, interest rates may come down.” Read the full article here.
“All roads lead to Rome?” Performance evaluation across different types of community land trusts based on a large-scale survey
Wang, R., & Spicer, J. (2024). “All roads lead to Rome?” Performance evaluation across different types of community land trusts based on a large-scale survey. Journal of Urban Affairs, 1–22. https://doi.org/10.1080/07352166.2024.2371400
Abstract
Community land trusts (CLTs) seek to keep homes and other urban spaces permanently affordable and community controlled. As their number across the United States has increased, different iterations of the CLT model seem to have proliferated in practice, stoking scholarly debate as to their varying outcomes and benefits. There has, however, been little attempt to empirically measure the relationship between this institutional diversity and outcomes. Applying institutional theory to a national CLT dataset, we identify five main organizational sub-types of CLT: traditional CLTs, start-up CLTs, government-housed CLTs, nonprofits with a CLT/shared equity (SE) program, and adapted CLTs. Statistical tests confirm a high degree of similarity in operational scope, organizational capacity, and performance outcomes across the most prominent sub-types. The limited statistical differences which can be identified are consistent with known CLT and urban institutional development processes. Further studies might seek to determine how consequential such limited differences may be.
Keywords
Community land trust; permanently affordable housing; historical institutionalism; community control; shared equity housing
Products from 2023 Inspire Fund Cohort
A cohort of 4 projects were awarded Inspire Funds in April 2023. The report-outs from these projects are described below with a summary of project work and progress. The 2023 cohort of Inspire Fund awardees met with the 2024 cohort of awardees in May 2024 to share their accomplishments, successes, and challenges, and to foster a connection between these research teams as resources to one another. The 2024 cohort has begun their projects and will share their products in 2025….
2024 CBE Inspire Fund Awardees Announced
The CBE Inspire Fund Awardees for the 2024 cycle have been selected! Their project names and team members are outlined below. Title: Mycelium Grow Lab for Student-led Research Team: Gundula Proksch (Associate Professor, Architecture), Tyler Sprague (Associate Professor, Architecture) Title: Exhibition of the works of OUR: Office of (Un)certainty Research Team: Vikram Prakash (Professor, Architecture) Title: Emergence, Resilience, and Future(s) of Urban Informality in Seattle Team: Julie Johnson (Associate Professor, Landscape Architecture), Manish Chalana (Associate Professor, Urban Design and Planning)…
WCRER releases report and white paper – March 2024
The Washington Center for Real Estate Research (WCRER) has released a white paper entitled “Increasing Washington State’s Residential Development Capacity”, co-authored by WCRER Director Steven Bourassa (also the H. Jon and Judith M. Runstad Endowed Professor and Chair of the Runstad Department of Real Estate) and WCRER Associate Director Mason Virant. WCRER also recently released a report which focuses on the impacts of HB 1923 and HB 2343, legislation enacted in 2019 and 2020 which provide grants to help develop…
Homelessness Is a Housing Problem: How Structural Factors Explain U.S. Patterns
Colburn, Gregg, and Clayton Page Aldern. Homelessness Is a Housing Problem: How Structural Factors Explain U.S. Patterns. Oakland: University of California Press, 2022.
Gregg Colburn cited in the Council of Economic Advisors 2024 Economic Report of the President
Associate Professor Gregg Colburn in the Runstad Department of Real Estate was cited in the Council of Economic Advisors 2024 Economic Report of the President. Chapter 4 of the report, “Increasing the Supply of Affordable Housing: Economic Insights and Federal Policy Solutions” cites a book from Aldren and Colburn, 2022, entitled “Homelessness Is a Housing Problem: How Structural Factors Explain U.S. Patterns.” (Available here: https:// homelessnesshousingproblem.com/.) Read the report, and see the book from Aldren and Colburn for more information.
Association between property investments and crime on commercial and residential streets: Implications for maximizing public safety benefits
Walter, R. J., Acolin, A., & Tillyer, M. S. (2024). Association between property investments and crime on commercial and residential streets: Implications for maximizing public safety benefits. SSM – Population Health, 25, 101537–101537. https://doi.org/10.1016/j.ssmph.2023.101537.
Abstract
Physical property investments enhance public safety in communities while alleviating the need for criminal justice system responses. Policy makers and local government officials must allocate scare resources for community and economic development activities. Understanding where physical property investments have the greatest crime reducing benefits can inform decision making to maximize economic, safety, and health outcomes. This study uses Spatial Durbin models with street segment and census tract by year fixed effects to examine the impact of physical property investments on changes in property and violent crime over an 11-year period (2008-2018) in six large U.S. cities. The units of analysis are commercial and residential street segments. Street segments are classified into low, medium, and high crime terciles defined by initial crime levels (2008-2010). Difference of coefficients tests identify significant differences in building permit effects across crime terciles. The findings reveal there is a significant negative relationship between physical property investments and changes in property and violent crime on commercial and residential street segments in all cities. Investments have the greatest public safety benefit where initial crime levels are the highest. The decrease in violent crime is larger on commercial street segments, while the decrease in property crime is larger on residential street segments. Targeting the highest crime street segments (i.e., 90th percentile) for property improvements will maximize public safety benefits.
Keywords
Violent and property crime; Public safety; Physical property investments