Julie Chapman Julie Chapman

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.

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Julie Chapman Julie Chapman

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.

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Julie Chapman Julie Chapman

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.

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Julie Chapman Julie Chapman

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.

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Julie Chapman Julie Chapman

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.

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Julie Chapman Julie Chapman

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.

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