Evaluating Subdivision Characteristics on Single-Family Housing Value Using Hierarchical Linear Modeling
2011; Taylor & Francis; Volume: 33; Issue: 3 Linguagem: Inglês
10.1080/10835547.2011.12091310
ISSN2691-1175
AutoresW. G. Shin, Jesse Saginor, Shannon Van Zandt,
Tópico(s)Spatial and Panel Data Analysis
ResumoThis research quantifies the financial effects of value creation concepts in relation to housing values in a single-family residential development using hierarchical linear modeling (HLM). As a result, value creation concepts such as sense of arrival, greenway connectivity, and the median length of a culde-sac have positive effects on single-family housing values while the number of accessible entrances and the median length of block variables have negative effects on single-family housing values. These results indicate that higher values in a subdivision may result from smaller blocks, interconnected greenways, and a single entrance that provides a sense of arrival.
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