Tillyer, Marie Skubak; Walter, Rebecca J. (2019). Low-income Housing And Crime: The Influence Of Housing Development And Neighborhood Characteristics. Crime & Delinquency, 65(7), 969 – 993.
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Abstract
This study examines the distribution of crime across various types of low-income housing developments and estimates the main and interactive effects of housing development and neighborhood characteristics on crime. Negative binomial regression models were estimated to observe the influence of security and design features, neighborhood concentrated disadvantage, residential stability, and nearby nonresidential land use on crime at the housing developments. The findings suggest that low-income housing developments are not uniformly criminogenic, and both development characteristics and neighborhood conditions are relevant for understanding crime in low-income housing developments. Implications for prevention are discussed.
Keywords
Violent Crime; Micro Places; Guardianship; Criminology; Multilevel; Proximity; Patterns; Context; Trends; Impact; Low-income Housing; Criminal Opportunity; Concentrated Disadvantage
Walter, Rebecca J.; Caine, Ian. (2019). The Geographic And Sociodemographic Transformation Of Multifamily Rental Housing In The Texas Triangle. Housing Studies, 34(5), 804 – 826.
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Abstract
This study catalogues the location, clustering and sociodemographic distribution of the development of multifamily rental housing over the last five decades in the Texas Triangle, one of the fastest growing megaregions in the United States. The research reveals prior to the 1970s, apartments clustered in downtown areas; throughout the 1980s and 1990s, the development of apartments expanded to the suburbs and along major interstates; and in the 2000s, apartment growth continued in the peripheral areas while returning downtown. During this time period, apartments were developed most often in majority white, high-income and low-poverty neighbourhoods. These geographic and sociodemographic characteristics challenge widespread conceptions that equate multifamily rental housing with central city locations and low-income populations. The findings suggest that multifamily rental housing offers a powerful tool to increase residential density in downtown and suburban locations, while also accommodating a sociodemographically diverse population.
Keywords
Sociodemographic Factors; Rental Housing; Neighborhoods; Home Ownership; Housing Development; Apartments; Locational Patterns; Multifamily Rental Housing; Sociodemographics; Suburban Infill; Texas Triangle; City Centres; Central Business Districts; Housing; Poverty; Suburban Areas; Residential Density; Suburbs; Transformation; Catalogues; Density; Clustering; Income; Multiple Dwellings; Low Income Groups; Rentals; Catalogs; Texas; United States--us
Bitter, Christopher; Krause, Andy. (2017). The Influence of Urban Design Packages on Home Values. International Journal Of Housing Markets And Analysis, 10(2), 184 – 203.
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Abstract
Purpose The purpose of this study is to examine the impact of neighborhood design templates on residential home values in King County, WA, USA. Previous research examines a number of individual design factors; this study combines these factors into typologies and tests for the impacts of the composite set of design features. Design/methodology/approach The study analyzes over 27,000 home sales with a hedonic price model to measure the impacts across three large, regional submarkets. Neighborhood design categories are developed using a cluster analysis on a set of individual neighborhood attributes. Findings The key finding from this research is that the impact of more traditional (“urban”) design packages on home values is highly contextual. For the older and denser neighborhoods in the study area, a more traditional design results in a significantly positive impact on home values. In the new and more suburban regions of the study area, this effect is not found. Originality/value Prior work focused on valuing design attributes individually. The study argues that neighborhood design is better conceived of as a “package”, as the value of a given design element may depend on other co-located attributes. This is the first study, to the authors’ knowledge, to treat physical neighborhood design variables as a composite whole and to attempt to value their impact on home values as such.
Keywords
Regional Development; Packages; Cluster Analysis; Suburban Areas; Residential Areas; Housing; Design; Connectivity; Property Values; Urban Planning; Emission Standards; Neighborhoods; Urban Areas; Influence; Household Utilities; Design Factors; Regional Analysis; Housing Prices; Land Use; Tax Assessments; Urbanism
Acolin, Arthur. (2020). Housing Wealth and Consumption over the 2001-2013 Period: The Role of the Collateral Channel. Journal Of Housing Research, 29(1), 68 – 88.
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Abstract
This study estimates changes in the relationship between housing wealth and consumption among homeowners during the recent housing boom and bust in the United States, focusing on the period 2001-2007, during which house prices increased and financial innovations led to an increased availability of products enabling households to extract home equity; and on the period 2007-2013, during which house prices declined and home equity withdrawal products became largely unavailable. The estimated elasticity of consumption with regard to housing wealth increased in 2004 and 2007 (.06) relative to 2001 (.04). The estimated elasticities then decreased in 2010 and 2013 (to below .04). In addition, the increase was larger among borrowing constrained households than unconstrained households. No relationship between housing prices and consumption was found among renters. These additional tests for subpopulations support the hypothesis that the increase in consumption out of housing wealth occurred through the collateral channel.
Keywords
Consumption (economics); Wealth; Product Elimination; Equity (real Property); Home Prices; Home Ownership; United States; Collateral Channel; Credit And Consumption; Housing Wealth Effects; Housing; Housing Costs; Estimates; Prices; Households; Consumption; Equity; Borrowing; Hypotheses; Innovations; Elasticity Of Demand; Propensity To Consume; Housing Prices; Lines Of Credit; Mortgages; Subpopulations; Collateral; United States--us
Cordoba, Hilton A.; Walter, Rebecca J.; Foote, Nathan S. (2018). The Residential Segregation of San Antonio, Texas in 1910: An Analysis Of Ethno-racial and Occupational Spatial Patterns with the Colocation Quotient. Urban Geography, 39(7), 988 – 1017.
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Abstract
The segregation of cities can be traced to a time when the compartmentalization of space and people was based on factors other than race. In segregation research, one of the limiting factors has always been the geographic scale of the data, and the limited knowledge that exists of segregation patterns when the household is the unit of analysis. Historical census data provides the opportunity to analyze the disaggregated information, and this paper does so with San Antonio during 1910. A spatial analysis of residential segregation based on race, ethnicity, and occupations is carried out with the colocation quotient to map and measure the attraction of residents. Results reveal the presence of residential segregation patterns on different sectors of the city based on households' ethno-racial and occupational attributes; therefore, providing evidence of the existence of residential segregation prior to the commonly cited determinants of segregation of the 20th century.
Keywords
Housing Tax Credit; Local Indicators; New York; Association; Indexes; Cities; Scale; City; Differentiation; Environment; Residential Segregation; Colocation Quotient; San Antonio; Spatial Analysis
Acolin, Arthur. (2020). Owning vs. Renting: The Benefits of Residential Stability? Housing Studies, 37(4), 644-647.
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Abstract
In housing research, owning, as compared to renting, is generally depicted as more desirable and associated with better outcomes. This paper explores differences in outcomes between owners and renters in 25 European countries and whether these differences are systematically smaller in countries in which owners and renters have more similar levels of residential stability (smaller tenure length gap). The results indicate that the direction of the relationship between tenure type and the selected outcomes is largely similar across countries. Owners generally exhibit more desirable outcomes (including life satisfaction, civic participation, educational outcomes for children, and physical and mental health). However, when looking at the relationship between outcomes and country level differences in tenure length gap, findings suggest that renters have outcomes that are more similar to owners in countries in which tenure length gaps are smaller. These results point to the potential benefits of policies that would increase residential stability, particularly for renters.
Keywords
European Union; Homeownership Benefits; Length Of Residence; Tenure; Home-ownership; Homeownership
Lacoe, Johanna; Bostic, Raphael W.; Acolin, Arthur. (2018). Crime and Private Investment in Urban Neighborhoods. Journal Of Urban Economics, 108, 154 – 169.
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Abstract
The question of how best to improve neighborhoods that lag behind has drawn considerable attention from policy-makers, practitioners, and academics, yet there remains a vigorous debate regarding the best approaches to accomplish community development. This paper investigates the role crime policy plays in shaping the trajectory of neighborhoods. Much of the existing research on neighborhood crime was conducted in rising-crime environments, and the evidence was clear: high levels of crime have adverse effects on neighborhoods and resident quality of life, This study examines how private investment in neighborhoods in two cities Chicago and Los Angeles changed as the incidence of neighborhood crime changed during the 2000s, a period when crime was declining city-wide in both places. Using detailed blockface-level data on the location of crime and private investments between 2006 and 2011, the analysis answers the question: Do changes in crime affect private development decisions? The results show that private investment, as represented by building permits, decreases on blocks where crime increases in the past year. We also find that the relationship between crime and private investment is not symmetric private investment appears to only be sensitive to crime in rising crime contexts. The result is present in both cities, and robust to multiple definitions of crime and the elimination of outliers and the main commercial district. These results suggest that crime-reduction policies can be an effective economic development tool, but only in certain neighborhoods facing specific circumstances.
Keywords
Enterprise Zones; Crime; Investment; Neighborhoods
Hess, Chris; Colburn, Gregg; Crowder, Kyle; Allen, Ryan. (2020). Racial Disparity in Exposure to Housing Cost Burden in the United States: 1980-2017. Housing Studies.
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Abstract
This article uses the Panel Study of Income Dynamics to analyse Black-White differences in housing cost burden exposure among renter households in the USA from 1980 to 2017, expanding understanding of this phenomenon in two respects. Specifically, we document how much this racial disparity changed among renters over almost four decades and identify how much factors associated with income or housing costs explain Black-White inequality in exposure to housing cost burden. For White households, the net contribution of household, neighbourhood and metropolitan covariates accounts for much of the change in the probability of housing cost burden over time. For Black households, however, the probability of experiencing housing cost burden continued to rise throughout the period of this study, even after controlling for household, neighbourhood and metropolitan covariates. This suggests that unobserved variables like racial discrimination, social networks or employment quality might explain the increasing disparity in cost burden among for Black and White households in the USA.
Keywords
Cost Burden; Housing Cost; Racial Inequality; Income Inequality; Rent Burden; Affordability; Neighborhoods; Segregation; Dynamics; Hardship; Prices; Market; Poor
Walter, Rebecca J. (2018). Consolidating Zip Codes For Small Area Fair Market Rents: A Method For Implementing The New Rule. Housing Policy Debate, 28(4), 553 – 571.
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Abstract
Fair Market Rents (FMRs), calculated for an entire metropolitan region, are used to establish payment standards for the Housing Choice Voucher (HCV) program. In response to recent criticism that FMRs do not represent rent disparity and restrict households from moving to high-opportunity areas, a new rule introducing Small Area Fair Market Rents (SAFMRs) has been issued. SAFMRs are based on ZIP codes to reflect local market rents and increase the number of payment standards used to administer the HCV program. The purpose of this research is to determine whether the number of payment standards can be reduced by consolidating ZIP codes, while adhering to the primary objectives of the SAFMR rule. The ZIP code grouping process conducted offers one method for reducing the number of payment standards needed to implement the new rule; however, the rent analysis reveals the over- and underestimation of SAFMRs for some ZIP codes.
Keywords
Vouchers; Price; U.S Department Of Housing And Urban Development; Housing Choice Voucher Program; Fair Market Rents; Small Area Fair Market Rents; Standards; Markets; Payments; Housing; Households; Criticism; Metropolitan Areas; Postal Codes; State Court Decisions; Rents; Housing Policy; Rules
Martins, Antonio Miguel; Serra, Ana Paula; Martins, Francisco Vitorino; Stevenson, Simon. (2020). House Price Dynamics and Bank Herding: European Empirical Evidence. Journal Of Real Estate Research, 42(3), 365 – 396.
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Abstract
This paper examines house price dynamics, bank herding behavior, and the linkages between them. The analysis presented indicates that prior to the financial crisis, non-fundamental factors played a significant role in several European countries, including the United Kingdom, Spain, Denmark, Sweden, and Ireland. We also provide evidence indicative of herding behavior in the residential mortgage loan market. Finally, Granger causality tests show that non-fundamentally justified price dynamics contributed to the herding displayed by lenders and that this behavior was a response by banks as a group to common information on residential property assets.
Keywords
Bubbles; Market; Behavior; Fundamentals; Constraints; Policy; Model; House Prices; Mortgages; Price Bubble; Herding Behavior