INFLUENCES ON VALUE IN URBAN LAND MARKETS, U.S.A., 1956-1961

A SURVEY WAS MADE OF FHA URBAN SITE VALUE SERIES TO OBTAIN A SERVICEABLE APPROXIMATION TO A CURRENT PRICE SERIES FOR IMPROVED RESIDENTIAL BUILDING SITES SOLD AT A STANDARD MARKUP TO MEDIUM INCOME PURCHASERS AT GRADUALLY RISING INCOME LEVELS. THE ANALYSIS OF FHA SITE VALUES WAS COMBINED WITH CORRESPONDING STATEWIDE MEAN VALUES FOR ALL VACANT LOTS SOLD. THE TWO SETS OF VALUES FOR URBAN LAND-SITE AND LOT VALUES-BOTH PERTAIN TO THE MARKET FOR DEVELOPED /I.E., SUBDIVIDED AND IMPROVED/ SITES READY FOR BUILDING. THOUGH THE SAME MOVEMENT OF VALUES WILL BE FOUND IN BOTH SITE AND LOT STATISTICS, CORRELATION ANALYSIS WILL PROBABLY SHOW THAT THE TWO VALUES WILL EXHIBIT SENSITIVITY TO DIFFERENT VARIABLES AND ACTIVITIES. REGRESSION ANALYSIS OF THE TWO VALUES SERIES FOR TWO SURVEYED TIME PERIODS, THE TOP OR POST-WAR RESIDENTIAL BUILDING BOOM AND THE LOW POINT OF THE POST-WAR BUILDING BOOM, SHOULD YIELD SOME VALUABLE INSIGHTS INTO THE FUNCTIONING OF URBAN LAND MARKETS. A REGRESSION MODEL WAS DEVELOPED WITH FIVE GROUPS OF EXPLANATORY VARIABLES' /1/ LEVEL OF INCOME, /2/ RELATIVE SUPPLY OF VACANT LOTS, /3/ ECONOMIC GROWTH IN PREVIOUS FIVE YEARS, /4/ FAVORABLE ASSESSMENT, AND /5/ RESIDUAL VALUE OF ADJACENT FARM LAND.

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  • Supplemental Notes:
    • Vol 6, No 1, PP 1-15, 2 FIG, 5 TAB, 18 REF
  • Corporate Authors:

    N/A

    ,   USA 
  • Authors:
    • Gottlieb, M
  • Publication Date: 1965

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  • Accession Number: 00240466
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 23 2003 12:00AM