Shi, Xiao; Moudon, Anne Vernez; Lee, Brian H. Y.; Shen, Qing; Ban, Xuegang (Jeff). (2020). Factors Influencing Teleworking Productivity – a Natural Experiment during the COVID-19 Pandemic. Findings.
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Abstract
Of 2174 surveyed adults who were teleworking following the implementation of a Covid-19 work-from-home policy, 23.8% reported an increase in productivity, 37.6% no change, and 38.6% a decrease in productivity compared to working at their prior workplace. After controlling for feelings of depression and anxiety likely caused by pandemic-related circumstances, the socioeconomic characteristics associated with no change or an increase in productivity after shifting to teleworking included being older; not employed in higher education; having lower education attainment; and not living with children. Respondents with longer commute trips in single-occupancy vehicles prior to teleworking were more likely to be more productive but those with longer commute by walking were not. Lifestyle changes associated with increased productivity included better sleep quality, spending less time on social media, but more time on personal hobbies.
Shen, Qing; Xu, Simin; Lin, Jiang. (2017). Effects of Bus Transit-oriented Development (BTOD) on Single-family Property Value in Seattle Metropolitan Area. Urban Studies, 55(13).
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Abstract
Transit-Oriented Development (TOD) is considered to be a powerful model intended to achieve sustainable urban development. A well-designed TOD enhances the accessibility of different kinds of activities, reduces transportation costs and improves the comfort and safety of travel for the neighbourhood as whole, thereby increasing the willingness to pay for real estate properties located nearby. This study examines the housing price premiums of bus transit-oriented development (BTOD), a particular type of TOD that has become quite common in practice, especially in cities where public transportation is provided primarily through a bus system instead of a metro or light rail system. BTOD projects are built at major nodes of a bus network and typically include housing units and commercial services. Our research focuses on four completed BTODs in the Seattle metropolitan area, and employs data on sales prices, physical attributes, neighbourhood characteristics and location features for almost 7000 single-family homes located within a 1.5-mile radius. Using Hedonic price analysis, we find that these BTODs have generated significant positive effects on the values of adjacent homes, especially those located within 0.5 miles. Results from a more sophisticated longitudinal analysis using the data for Renton, one of the BTODs, confirm the price premiums while gaining additional insights about the temporal variations. These findings have an important policy implication, which is especially relevant for cities with an extensive bus transit system: local governments can generate additional tax revenues while advancing sustainability through bus transit-oriented developments.
Colburn, G., & Page Aldern, C. (2022). Homelessness is a Housing Problem. University Of California Press.
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Steven C. Bourassa is H. Jon and Judith M. Runstad Endowed Professor and Chair of the Runstad Department of Real Estate in the College of Built Environments at the University of Washington. Previously, he served as department chair at Florida Atlantic University, the University of Auckland, and the University of Louisville, where he was KHC Real Estate Research Professor. His research focuses on urban housing and land markets and policy, covering a range of topics including housing tenure, residential property valuation, property taxation, housing affordability, low-income housing policy, community land trusts, and public land leasehold. He has published his research in numerous real estate and related journals, such as the Journal of Housing Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, and Journal of Urban Economics, as well as Real Estate Economics, Regional Science and Urban Economics, and Urban Studies. His co-edited book, Leasing Public Land: Policy Debates and International Experiences, was published by the Lincoln Institute of Land Policy. Dr. Bourassa is on the editorial boards of eight real estate journals. He is a Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics and received the Research Achievement Award from the International Real Estate Society, of which he is a past President. He is currently Treasurer of the American Real Estate and Urban Economics Association. He holds a Ph.D. in city and regional planning from the University of Pennsylvania.
Acolin, Arthur; Bricker, Jesse; Calem, Paul; Wachter, Susan. (2016). Borrowing Constraints and Homeownership. The American Economic Review, 106(5), 625 – 629.
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Keywords
Borrowing Constraints, Homeownership, Credit Supply
Acolin, Arthur; Goodman, Laurie S.; Wachter, Susan M. (2016). A Renter or Homeowner Nation? Cityscape, 18(1), 145 – 158.
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Acolin, Arthur; Calem, Paul; Jagtiani, Julapa; Wachter, Susan. (2018). First-Time Homebuyers: Toward a New Measure. Cityscape, 20(1), 193 – 204.
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Abstract
Existing data sources show divergent estimates of the number of homes purchased by first-time homebuyers as a share of all home purchases. In this article, we use a new dataset to construct a time series of the share of first-time homebuyers. This series, based on the Federal Reserve Bank of New York Equifax Consumer Credit Panel, shows a significant decline in the share of first-time homebuyers, particularly among young households, consistent with the decline in homeownership in this age cohort since the early 2000s.
Hess, Christian; Walter, Rebecca J.; Acolin, Arthur; Chasins, Sarah. (2019). Comparing Small Area Fair Market Rents with Other Rental Measures across Diverse Housing Markets. Cityscape, 21(3), 159 – 186.
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Abstract
Small Area Fair Market Rents (SAFMRs) are calculated at the 40th percentile of the U.S. postal ZIP Code instead of the metropolitan area in an effort to capture localized rents to expand choice for voucher holders to access housing in higher-opportunity neighborhoods. Existing studies on the potential and actual outcomes of SAFMRs demonstrate that findings vary for different types of housing markets. Furthermore, the decisions public housing authorities (PHAs) make in the implementation process affect PHAs' program budget and the rent burden and locational outcomes for voucher households. This study aims to address how these implementation factors are affected by local rental market conditions for three PHAs-Housing Authority of the City of Fort Lauderdale, San Antonio Housing Authority, and Seattle Housing Authority-in diverse housing markets. By comparing different sources of market rent estimates with SAFMRs in each location, we contribute new information about how this rule is likely to produce different residential outcomes in terms of increased access to low-poverty neighborhoods and adjustments to payment standards in low-rent neighborhoods. The findings reveal differences across rent measures in terms of estimated levels and relative differences across ZIP Codes. These findings suggest that housing authorities may face challenges in meeting the objectives of the SAFMR final rule without some form of local adjustments.]
Acolin, Arthur; Vitiello, Domenic. (2018). Who Owns Chinatown: Neighbourhood Preservation and Change in Boston and Philadelphia. Urban Studies, 55(8), 1690 – 1710.
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Abstract
The survival of Chinatowns and other ethnic enclaves in cities is largely determined by who owns property. Ethnic enclaves such as Chinatowns have traditionally played important economic, social and cultural functions as places for recent immigrants to live and work, though Chinatowns have long faced redevelopment pressures. In North America, as Chinese immigrants and their descendants settle in the suburbs, and as historic Chinatowns’ locations close to revitalising downtowns attract increasing investment, the future of these historic enclaves is shaped by various, often intense and divergent, forces. This article describes changes in the patterns of property ownership in Boston and Philadelphia’s downtown Chinatowns over the last decade (2003–2013) and relates them to changes and continuities in these neighbourhoods’ population, commercial activities and building stock. The trends we observe simultaneously reinforce and complicate debates about gentrification and longstanding efforts to preserve these Chinatowns as ethnic Chinese residential, commercial, and cultural centres.]
Keywords
Chinatown, Ethnic Enclave, Neighbourhood Change, Ownership