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| An Empirical Analysis of Housing Price
Appreciation in a Market Stratified by Size and Value of the Housing Stock Author: J. Allen Seward, Charles J. Delaney, and Marc T. Smith Start Page: 195 Abstract: This paper examines
the relationship between house size and appreciation, and house value and appreciation
evidenced in the data collected from a single geographic region. The analysis of the data
suggests that high price housing appreciates at a more rapid rate than low and medium
price housing during expansionary periods, and there is no statistical difference in the
rates of price change in contractionary periods. Further, the rate of price change for
larger homes exhibits no consistent difference from the rate of change for small and
medium size housing for the time period studied. |
