2023’s Best & Worst Places to Rent in America
July 11, 2023. It is very important that a person find the appropriate living situation for their lifestyle.
2023’s Most Affordable Cities for Home Buyers
May 23, 2023. We need to change the narrative concerning housing. Whether consumers buy or rent should become a financial and personal decision. The financial decision should consider the initial cost of buying versus renting, but also the ongoing expense of maintenance, property taxes, and insurance.
The impact of crimes on house prices in LA County
April 5, 2022. Purpose
This paper focusses on analyzing the impact of crime on the housing market in Los Angeles (LA) County. By looking at different types of crime instead of general crime measures and controlling by spatial dimension of prices and crime as well as endogeneity, a model is developed that allows for the understanding of how a specific crime impacts the housing market transaction price. To perform the analysis, the paper merges different data sets (crime, housing transaction and census data) and then computes the distances to crucial transport modes to control the accessibility features affecting housing prices. The latter allows estimating the association of housing prices and crime in the distance and estimating the impact on housing depending on it.
Findings
Results suggest that house transaction prices and crime are closely correlated in two senses. Housing prices are endogenously negatively associated with the levels of narcotics and aggravated assaults. For narcotics, the impact of distance is shorter (1,000 m). However, for burglary, vandalism and non-aggravated assaults, the price reaction suggests a positive association: the further away the crime occurs, the higher the prices. The paper also shows the large spatial association of different crimes suggesting that they occur together and that their accumulation would make negative externalities appear affecting the whole neighborhood.
Guest editorial: Urban conflict and real estate
April 5, 2022. ISSN:1753-9269. Journal of European Real Estate Research. David McIlhatton, Jim Berry, David Chapman. Guest editorial: urban conflict and real estate. Urban conflict and real estate Significant challenges are continuing to be experienced in urban areas throughout the world as a consequence of crime and other related activities. The impacts of these include loss of life, property damage, the breaking down of societal relations and wider economic losses.
Current Considerations of Counter Terrorism in the Risk Management Profession
July 31, 2019. The impact of terrorist attacks extends far beyond the immediate victims and can affect the wider economic environment including strategically important sectors of the economy.
Stigmatized Properties and Housing Values: An Exploratory Study
April 9, 2019. The purpose of this research is to provide an understanding of the potential effects that stigmatized properties may have for potential house purchasers’ decision making, as well as how a purchasers’ willingness to pay might be impacted. The originality of this research emerges from the distinct lack of empirical evidence in the current literature base with only one such study having investigated this phenomena in the past. Most research that has investigated aspects of stigmatization, have focused on the analysis of transaction prices from a quantitative perspective, with limited scholarly attention paid towards the psychological factors that may effect a purchasers willingness to purchase a property, their willingness to pay for a stigmatized property, as well as understanding if real estate agents should fully disclose stigmatization to prospective buyers. The study employed a qualitative survey that was designed to answer these fundamental gaps in the literature base, through a sample of 410 individuals. The results demonstrated that while some ambivalence existed, there was general consensus that such properties would incur a reduction in price, and would impact upon the selling potential of the property, if such stigmas were fully disclosed.
AN ANALYSIS OF HIGHER EDUCATION FACILITY EXPANSION
October, 2018. America’s colleges and universities have expanded campus facilities by renovating
and increasing square footage. This is in contrast to general construction activity
during the same time period.
Protecting Crowded Places from Terrorism: An Analysis of the Current Considerations and Barriers Inhibiting the Adoption of Counterterrorism Protective Security Measures
October 29, 2018. Crowded places have become popular targets for terrorists and the research presented in this article connects the planning, design, and development of real estate with respect to the adoption of protective counterterrorism measures.
Protecting Crowded Places from Terrorism: An Analysis of the Current Considerations and Barriers Inhibiting the Adoption of Counterterrorism Protective Security Measures
October 29, 2018. The analysis is based on qualitative research, namely semi-structured interviews conducted in the United Kingdom, United States, and Australia with professionals involved in all core strands of the real estate development process.
Commercial real Estate and Counter Terrorism: Lessons from the US, UK and Australia
2018. In recent times, attacks on crowded places such as Helsinki in August 2017, Las Ramblas, Barcelona in August 2017, London Bridge and Borough Market in June 2017, Manchester Arena in May 2017, Stockholm in April 2017,
Teaching stigmatized property, page 1 Teaching stigmatized property: You don’t have a ghost of a chance
2014. This paper will explain the benefits of a stigmatized property discussion for your real
estate classes.
Alaskan Communities' Responses Regarding the Economic, Sociocultural, and Environmental Impact of the Cruise Ship Tourism Industry
2012. Alaskan Communities' Responses Regarding the Economic, Sociocultural, and Environmental Impact of the Cruise Ship Tourism Industry
A Fiduciary Standard for Real Estate Brokers: Evidence from Oklahoma
January 31, 2012. The relationship between real estate brokers and clients is on that is rife with conflict of interest. In most states and in most circumstances it is completely legal for the same real estate broker to represent the buyer and seller in a transaction. This paper explores the implementation of laws in Oklahoma which attempt to deal with this conflict of interest.