Suburban Housing Resale Prices and Housing Market Restructuring.

This study shows that in the suburban rings surrounding Cleveland, Ohio average resale prices are sustained through capitalization of quality-price preferences for housing and school quality. Average housing resale prices are highest where local fiscal capacity is built upon a strong residential-non...

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Publicado en:Journal of Urban Affairs Vol. 24; no. 4; pp. 461 - 478
Autor principal: Margulis, Harry L.
Formato: Artículo
Publicado: Wiley-Blackwell 2002
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Suburban Housing Resale Prices and Housing Market Restructuring.
      aug:
        au: Margulis, Harry L.
      su:
        Housing research
        Occupancy rates
        Home prices
      sug:
        subj:
          Housing research
          Occupancy rates
          Home prices
      keyword:
        Cleveland metropolitan area (Ohio) -- Housing
        Occupancy (Housing)
      ab: This study shows that in the suburban rings surrounding Cleveland, Ohio average resale prices are sustained through capitalization of quality-price preferences for housing and school quality. Average housing resale prices are highest where local fiscal capacity is built upon a strong residential-nonresidential property tax base and where the total valuation resulting is capitalized into housing stock prices. High total valuation per pupil enables school districts to maintain satisfactory per pupil expenditures that contribute to the sustainability of resale prices. Nonetheless, regional restructuring, population growth, access to superior housing, open space and other amenities in the peripheral, inner- and outer-edge suburban rings are redirecting investment away from the contiguous ring suburbs where the levying of high effective millages is causing total valuations per pupil to fall. Diminishing school district quality and shrinking tax bases in the contiguous suburbs are harbingers of suburban distress and housing disinvestment. Reprinted by permission of the publisher.
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    language: English
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