Spatial Segmentation of the Urban Housing Market

Palm, Risa

doi:10.2307/142835

Cited by 111 publications

(76 citation statements)

References 24 publications

(9 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In this context, Palm (1978) undertook a survey of real estate salespeople from the San Francisco-Oakland area and from Minneapolis and its suburbs to investigate for spatial bias in the recommendations made to potential buyers. She showed that real estate agents' advice tended to reinforce market segmentation processes.…”

Section: Theory Into Practicementioning

confidence: 99%

Defining spatial housing submarkets: Exploring the case for expert delineated boundaries

Keskin

Watkins

2016

Urban Studies

View full text Add to dashboard Cite

Although there are numerous reasons for real estate analysts to construct spatial housing submarkets, there is little clarity about how this might best be done in practice. The existing literature offers a variety of techniques including those based on principal components analysis, cluster analysis and a range of other statistical procedures. This paper asks whether, given their market expertise and their role in disseminating information, shaping search patterns and informing bid formation, real estate agents might offer an effective but less data intensive method of submarket construction. The empirical research is based on an experiment that compares the predictive of different sets of submarket boundaries constructed by using either standard statistical methods or through consultation with real estate agents and other market analysts. The analysis draws on housing transactions data from Istanbul, Turkey. While the results do not demonstrate the outright superiority of any single method, they do suggest that expert-defined boundaries tend to perform at least as well as alternative construction techniques. Importantly, the results suggest that agent-based methods for delineating submarket boundaries might be used with a degree of confidence by real estate analysts and planners in market contexts where rich micro-datasets are not readily available. This has been one of the constraints internationally on wider adoption of submarket boundaries as an analytical tool.

show abstract

Section: Theory Into Practicementioning

confidence: 99%

Defining spatial housing submarkets: Exploring the case for expert delineated boundaries

Keskin

Watkins

2016

Urban Studies

View full text Add to dashboard Cite

show abstract

“…Dans la documentation scientifi que, les sous-marchés sont souvent identifi és sur une base ad hoc plutôt qu'en utilisant des techniques explicites et documentées (Palm, 1978). Goodman (1981) a testé la pertinence des limites de quartiers et Gabriel (1984) a utilisé les caractéristiques raciales déclarées lors des recensements pour former des secteurs de sous-marché.…”

Section: La Question Des Découpages Spatiauxunclassified

“…Goodman (1981) a testé la pertinence des limites de quartiers et Gabriel (1984) a utilisé les caractéristiques raciales déclarées lors des recensements pour former des secteurs de sous-marché. Palm (1978) a mixé les compositions raciales et les revenus. Bien que variables selon les contextes spécifi ques des villes étudiées, tous les chercheurs ont trouvé des différences entre la valeur marchande des propriétés selon la localisation.…”

Section: La Question Des Découpages Spatiauxunclassified

Les découpages administratifs sont-ils pertinents en analyse immobilière?

Voisin

Dubé

Thériault

et al. 2011

cgq

View full text Add to dashboard Cite

RésuméLa ville de Québec offre une mosaïque d'espaces de vie qui correspondent à autant de sous-marchés résidentiels. Quatre cent ans d'histoire ont produit une agglomération diversifi ée, depuis sa fondation en 1608. Toutefois, on peut remettre en question la pertinence des découpages administratifs pour réaliser des études urbaines. S'il n'y a pas de découpage spatial idéal, des approches permettent néanmoins de délimiter des ensembles géographiques relativement homogènes, eu égard à une problématique donnée. Cet article présente une segmentation spatiale du territoire, basée sur des critères historiques, sociologiques et morphologiques, comme alternative aux partitions administratives pour réaliser des études du marché résidentiel. Des analyses discriminantes ont permis de comparer la performance de trois découpages : celui proposé -l'historico-morphologique (HM) et deux administratifs, celui avant et celui après les fusions municipales. L'étude porte sur le marché unifamilial de Québec et utilise des données multidimensionnelles. Enfi n, les trois découpages sont intégrés dans des modèles de prix hédoniques afi n de tester leur pertinence pour mesurer les variations des prix implicites. Les résultats suggèrent que la partition HM est plus effi cace que les découpages administratifs, tout en étant perfectible.

show abstract

“…However, the classification of submarkets differs for each study. Some researchers use a priori classification of submarkets (see Palm, 1978;Adair, Berry and McGreal, 1996;Bourassa, Hamelink, Hoesli and MacGregor, 1999), usually defined as pre-existing small geographical areas and political boundaries, or as delineated by the real estate agents. Others let the data determine the structure of the submarkets (see Dale-Johnson, 1982;Bourassa, Hoesli and Peng, 2003) using various statistical methods 9 or use a combination of these two approaches.…”

Section: Literature Reviewmentioning

confidence: 99%

Valuation of Environmental Goods in Profit and Non-Profit Housing Sectors: Evidence from the Rental Market in the City of Zurich

Banfi

Filippini

Horehájová

2008

Swiss J Economics Statistics

View full text Add to dashboard Cite

Summary This paper analyses the impact of electromagnetic pollution, noise and air pollution on the rent level for the aggregated and disaggregated market in the city of Zurich, Switzerland. Although there is no conclusive assessment about the health impacts of electromagnetic radiation people are nonetheless concerned about possible long term risks associated with the exposure. This risk perception may affect the price of dwellings located close to antenna. The regression results show that the environmental variables considered have the expected sign and are highly significant, with exception of the presence of an antenna and the air pollution for the non-profit submarket. However, the greatest part of the variation is explained by the structural variables.

show abstract

Spatial Segmentation of the Urban Housing Market

Cited by 111 publications

References 24 publications

Defining spatial housing submarkets: Exploring the case for expert delineated boundaries

Defining spatial housing submarkets: Exploring the case for expert delineated boundaries

Les découpages administratifs sont-ils pertinents en analyse immobilière?

Valuation of Environmental Goods in Profit and Non-Profit Housing Sectors: Evidence from the Rental Market in the City of Zurich

Contact Info

Product

Resources

About