Hall, Joshua C.; Lacombe, Donald J.; Neto, Amir; Young, James. (2022). Bayesian Estimation of the Hierarchical SLX Model with an Application to Housing Markets. Journal Of Economics & Finance, 46(2), 360 – 373.
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Abstract
Hierarchical or multilevel models have long been used in hedonic models to delineate housing submarket boundaries in order to improve model accuracy. School districts are one important delineator of housing submarkets in an MSA. Spatial hedonic models have been extensively employed to deal with unobserved spatial heterogeneity and spatial spillovers. In this paper, we develop the spatially lagged X (or SLX) hierarchical model to integrate these two approaches to better understanding local housing markets. We apply the SLX hierarchical model to housing and school district test score data from Cincinnati Ohio. Our results highlight the importance of accounting for spatial spillovers and the fact that houses are embedded in school districts which vary in quality. [ABSTRACT FROM AUTHOR]; Copyright of Journal of Economics & Finance is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Keywords
Housing Market; Multilevel Models; Test Scoring; Cincinnati (ohio); Ohio; Bayesian Methods; Slx Model; Spatial Econometrics; Spatial Hierarchical Models
Salcido, Christine Galvan; Ray, James V.; Caudy, Michael; Viglione, Jill; Walter, Rebecca J. (2019). Associations Between Psychopathic Traits and Readiness for Change: An Exploratory Analysis. Personality And Individual Differences, 141, 86 – 91.
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Abstract
Readiness to change (RTC) indicates an individual's recognition of a problem as well as confidence in their ability to change (Gaume, Bertholet, & Daeppen, 2016), and is hypothesized to play an important role in therapeutic processes aimed at changing offending behaviors (Polaschek & Ross, 2010). However, prior research has generally failed to consider RTC among severe offender subgroups (Hodge & Renwick, 2002; Howells & Day, 2007) such as those with psychopathic personality features whom have often been characterized as resistant to treatment (Harris & Rice, 2006; Salekin, 2002). In the current sample of formerly incarcerated persons (N = 70), we explore the relationship between psychopathic personality traits, as measured by the Triarchic Psychopathy Measure (TriPM; Patrick, 2010), and the unique components of RTC, as measured by an originally constructed assessment called the Change Readiness Scale (CRS). Each item of the CRS has been empirically supported and combined to form five subscales of change readiness (recognition, action, social bonds, human agency, and self efficacy). Results show unique associations between the subscales of the TriPM and aspects of the RTC construct, yielding it necessary to further explore these relationships to better understand how these factors may contribute to treatment and justice system outcomes.
Keywords
High-risk; Therapeutic Alliance; Personality; Validation; Construct; Behavior; Psychopathy; Readiness To Change; Triarchic Psychopathy Measure; Reentry; Offender
Acolin, Arthur; Colburn, Gregg; Walter, Rebecca J. (2022). How Do Single-Family Homeowners Value Residential and Commercial Density? It Depends. Land Use Policy, 113.
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Abstract
This paper develops estimates of the relationship between local density and single-family home values using 2017 transactions for five U.S. metropolitan regions: Chicago, Los Angeles, Minneapolis, Philadelphia, Seattle. Proposals to build new commercial and residential development projects that would increase local density commonly face opposition from local homeowners. Academic literature links the response from homeowners to concerns that higher density is associated with lower property values but there is limited empirical evidence establishing this relationship at the local level. We find a positive and significant relationship between density and house value in the core area of the five metropolitan regions we analyze. Within 7.5 miles of the center of these metropolitan regions, a 10% increase in surrounding built area density is associated with a 1.1–1.9% increase in house prices per square foot. For outlying areas, the estimates are smaller and even negative in several cases. We instrument density based on topographic and soil characteristics and find similar results. These findings point to the need for a more nuanced discussion of the relationship between local density and housing values.
Keywords
Population Density; Soil Density; Single Family Housing; Home Ownership; Housing Development; Housing Discrimination; Home Prices; Los Angeles (calif.); Density; Single-family House Value; Urban Form; Residential Development; Real Estate; Property Values; Residential Density; Development Programs; Housing; Estimates; Metropolitan Areas; Development Projects; Empirical Analysis; Families & Family Life; Soil Characteristics
Launching the Inspire Fund: An early step for CBE’s Office of Research “For a small college, CBE has a broad range of research paradigms, from history and arts, to social science and engineering.” — Carrie Sturts Dossick, Associate Dean of Research Upon taking on the role of Associate Dean of Research, Carrie Sturts Dossick, professor in the Department of Construction Management, undertook listening sessions to learn about the research needs of faculty, staff and students across the College of Built…
The Population Health Initiative has announced the award of eight Tier 2 pilot grants, which are intended to encourage the development of new interdisciplinary collaborations among investigators – and with community-based partners – for projects that address critical challenges to population health. One of the funded projects, “Assessing National Public Housing Authority Disaster Preparedness, Response and Recovery of Place-based Subsidized Housing Units,” includes Rebecca Walter, Windermere Endowed Chair and Associate Professor, Runstad Department of Real Estate. Walter serves as a…
Gregg Colburn, Assistant Professor of Real Estate, co-authored a new book titled Homelessness is a Housing Problem, alongside journalist Clayton Aldern. The new book explores the factors that drive homelessness, and the cultural and economic shift that can ultimately benefit all — housed and unhoused. Colburn believes housing market conditions — specifically, high housing and rental prices, and low vacancy rates — exacerbate economic and personal challenges for society’s most vulnerable. And it’s the housing market, aided by the private…
In 2021 the College of Built Environments launched the CBE Inspire Fund, designed to support CBE research activities for which a relatively small amount of support can be transformative. The second year of awards have just been announced, supporting five projects across 4 departments within the college as they address topics such as food sovereignty, anti-displacement, affordable housing, and health & wellbeing. This year’s awardees include: Defining the New Diaspora: Where Seattle’s Black Church Congregants Are Moving and Why Rachel…
Congratulations to Assistant Professor of Real Estate and CSDE Affiliate Arthur Acolin for being awarded a $10,000 Tier 2 seed grant for his project, “Accessory Dwelling Units as Potential Source of Affordable Housing Across Generations”. This grant is part of CSDE’s quarterly call for seed grant applications and is intended to help faculty initiate new research endeavors that have high relevance to population science and a strong chance of building towards extramural funding. Acolin will be conducting a joint project…
College is a time of exploration and discovery for all students. It is a time that often shapes how we view the world. Going through this transition during a moment of turbulence in the world can shape that experience significantly, which is exactly what happened for Assistant Professor of Real Estate, Arthur Acolin. As an undergraduate, international student in the US in 2008, the housing bubble and subsequent recession shaped Acolin’s future as a researcher and professor. “The subprime crisis…
The University of Washington Data Collaborative (UWDC) is now offering services to researchers across campus, including BE researchers Gregg Colburn at the Runstad Department of Real Estate and the Urban Form Lab. Housed at the Center for Studies in Demography & Ecology, UWDC provides infrastructure to access restricted data in a secure and sophisticated computing environment. Data sets available to researchers cover health records, polling data, business and consumer data, and real estate data. Researchers interested in accessing these data…