Nonlinear Spatial and Temporal Effects of Highway Construction on House Prices

Chernobai, Ekaterina; Reibel, Michael; Carney, Michael

doi:10.1007/s11146-009-9208-9

Cited by 44 publications

(41 citation statements)

References 41 publications

(42 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This is in line with research indicating that the perception of nuisance can already change before any actual change in nuisance levels, described as anticipation effects (e.g. Chernobai et al, 2011;Guski, 2004;Henneberry, 1998). This could also explain why the study by Hamersma et al (2014) found that a higher highway nuisance perception is associated with an expected decrease in residential satisfaction due to highway adjustment plans.…”

Section: Discussion Of Research Findingssupporting

confidence: 88%

The development of highway nuisance perception

Hamersma

Heinen

Tillema³

et al. 2017

Land Use Policy

View full text Add to dashboard Cite

The perception of highway nuisance i.e. noises, air pollution and barrier-effects, is associated with negative effects on health and quality of life. This study aims to gain a deeper understanding of the development of highway nuisance perception among residents. Interviews were conducted with residents in 32 households living along the Southern Ring Road, a highway which crosses various neighbourhoods in the city of Groningen, the Netherlands.Various themes emerged from the interviews which were important in the development of residents' perceptions of highway nuisance. For example, our interviews showed that residents who had not explicitly chosen to live next to a highway were more acutely affected by the negative externalities of that highway later. Perceived environmental changes, often due to governmental actions such as new/extended noise barriers, removal of trees and newly constructed buildings causing noise reflection, also played a role in the interviewees' development of nuisance perception. In addition, the interviewees indicated that expectations about future highway developments influenced their current perception of highway nuisance: described as anticipation effects. Interviewees also indicated that recent information about the potentially harmful effects of air pollution increased their concerns about living near the highway. A final theme discussed were differences in the extent to which residents were able to develop coping strategies to reduce the amount of highway nuisance perception.The participants' experiences indicate the importance of further integration between the planning of highway infrastructure and the broader environment in order to reduce nuisance perceptions and improve residential quality near highways.

show abstract

Section: Discussion Of Research Findingssupporting

confidence: 88%

The development of highway nuisance perception

Hamersma

Heinen

Tillema³

et al. 2017

Land Use Policy

View full text Add to dashboard Cite

show abstract

“…One possible reason for this finding is that the negative effect of traffic noise may outweigh the proximity convenience. This finding is consistent with Chernobai et al (2011) who suggest price appreciation only occurs to properties located at a moderate distance from highway entry but lower prices are found for homes located within a close proximity to the highway. The pricing effect of proximity to historical sites is not significant.…”

Section: That Show Complementary Relationship Between Parcel Size Andsupporting

confidence: 91%

The Pricing Effects of Open Space Amenities

Fan

Hansz

Yang

2015

J Real Estate Finan Econ

View full text Add to dashboard Cite

A spatial Durbin model (SDM) is developed to estimate the open space proximity values in Fresno-Clovis metropolitan area in Central California circa 2005 to 2012, a time period covering a full market cycle with distinctive boom, bust, and recovery market phases. By controlling for distressed market conditions (vacant, foreclosure, and short-sale transactions) and spillover pricing effects, we find significant but heterogeneous values for proximity to five types of open space amenities. Furthermore, proximity values for parks and golf courses are found to drop by more than 20 % in the bust period relative to the boom period. Results show that failing to capture distressed market conditions and market phases, when the housing market is out of equilibrium, leads to biased results. In addition, our findings suggest that ignoring spatial dependence and spillover pricing effects presents a potential bias in estimating open space amenity values. The SDM, which considers spatial dependence and spillovers at a finer scale in the neighborhood, outperforms region fixed effects models when spatial spillovers are significant.

show abstract

“…McMillen and McDonald (2004) assume that the Midway Line did not affect housing construction. The same assumption seems to be present in Bao and Wan's (2004) study of a tunnel in Hong Kong and in the work of Chernobai, Reibel, and Carney (2011) on an Interstate highway extension. See also Bajic (1983) on a new railway and Gatzlaff and Smith (1993) on railway stations.…”

Section: Conceptual Frameworkmentioning

confidence: 54%

Hedonic Pricing When Housing Is Endogenous: The Value of Access to the Trans‐israel Highway*

Beenstock

Feldman

Felsenstein

2015

Journal of Regional Science

View full text Add to dashboard Cite

ABSTRACT. Standard hedonic house pricing assumes that house prices are independent of the intangible to be priced. A methodology is proposed in which the supply as well as the demand for housing depends on the intangible. The methodology is applied to value access to the Trans-Israel Highway (TIH). Using spatial panel data (2002)(2003)(2004)(2005)(2006)(2007)(2008) we show that TIH had two effects on the housing market. It increased house prices in locations with greater access to TIH, and it affected housing construction. Standard hedonic pricing would have underestimated the value of access because it ignores the effects of housing construction on the intangible to be priced. House prices began to increase three years before TIH was inaugurated, but housing construction did not anticipate the inauguration of TIH.

show abstract

Nonlinear Spatial and Temporal Effects of Highway Construction on House Prices

Abstract: Spatial and temporal dependence, Distance effects, House prices, Spline regression, GIS,

Cited by 44 publications

References 41 publications

The development of highway nuisance perception

The development of highway nuisance perception

The Pricing Effects of Open Space Amenities

Hedonic Pricing When Housing Is Endogenous: The Value of Access to the Trans‐israel Highway*

Contact Info

Product

Resources

About