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来源类型Working Paper
规范类型报告
DOI10.3386/w29385
来源IDWorking Paper 29385
Immediate and Longer-Term Housing Market Effects of a Major U.S. Airport Closure
Jeffrey P. Cohen; Cletus C. Coughlin; Jonas Crews; Stephen L. Ross
发表日期2021-10-18
出版年2021
语种英语
摘要A busy airport’s closure has large effects on noise, real estate markets, and neighborhood demographics. Using a unique dataset, we examine the effects of closing Denver’s Stapleton Airport on nearby housing markets. We find evidence of immediate anticipatory price effects upon announcement, but no price changes at closing and little evidence of upward trending prices between announcement and closing. However, after the airport closure, more higher-income and fewer black households moved in, and developers built higher quality houses. Finally, post-closing, these demographic and housing stock changes had substantial housing price effects, even after restricting the sample to pre-existing housing sales.
主题Financial Economics ; Financial Markets ; Regional and Urban Economics ; Real Estate
URLhttps://www.nber.org/papers/w29385
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587059
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Jeffrey P. Cohen,Cletus C. Coughlin,Jonas Crews,et al. Immediate and Longer-Term Housing Market Effects of a Major U.S. Airport Closure. 2021.
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