The racial housing price differential and racially transitional neighborhoods

Article Abstract:

Research was conducted to review the results of previous studies that conclude that black Americans pay less than whites for comparable housing in many urban areas. The data examined came from the 1975 and the 1979 Annual Housing Survey for Chicago. It was concluded that racial differences in housing prices depend on the dynamics of a given metropolitan area, as evidenced by the findings that these price differentials were not the same for various racial submarkets and for different periods in time. Results also showed race and housing prices to be related in that houses in racially transitional neighborhoods tend to cost less than those in racially stable residential areas.

Research, African Americans, Whites, Housing discrimination

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Land values and housing rents in urban Japan

Article Abstract:

The variation in residential land values and residential housing rents in 27 major cities in Japan is studied using data from the 35-year period between 1952 and 1986. A structural model that relates price differentials with variables such as city population, median incomes, interest rates and urban land supply is specified to systematically describe the variation. The model uses reduced form equations to establish the link between land values, housing rents and the various variables that influence them.

Japan, Valuation, Real property, Real estate appraisal

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