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The Impact of Crime on Local Housing Demand: A Longitudinal Analysis of Home Sales in Los Angeles

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Abstract:

This study examines the association between crime and housing demand by testing the extent to which crime is a disamenity in the city of Los AngelesÂ’ housing markets. We explore the relationship between crime rates and number of housing transactions. This research improves upon prior housing and economic research by (1) using the number of home sales as the dependent variable, which some have argued is a better indicator of demand than housing price; (2) using the census tract at the unit of analysis, which provides a more accurate picture of local crime rates and housing demand than measures at the city level; (3) differentiating between the effects of property and violent crime; and (4) disaggregating the sample into neighborhood types based on demographic characteristics in order to compare the crime-housing association across these different types.

Our dependent variable is the number of residential housing units sold (new sales or re-sales) in a census tract for a given year. We model sales as a function of time invariant community characteristics such as total number of housing units, socio-economic characteristics of residents, and population density. We also include time varying measures for total crimes, total property crime and total violent crime.
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Name: American Society of Criminology
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MLA Citation:

Boggess, Lyndsay., Tita, George. and Greenbaum, Robert. "The Impact of Crime on Local Housing Demand: A Longitudinal Analysis of Home Sales in Los Angeles" Paper presented at the annual meeting of the American Society of Criminology, Royal York, Toronto, <Not Available>. 2013-12-17 <http://citation.allacademic.com/meta/p33742_index.html>

APA Citation:

Boggess, L. , Tita, G. and Greenbaum, R. "The Impact of Crime on Local Housing Demand: A Longitudinal Analysis of Home Sales in Los Angeles" Paper presented at the annual meeting of the American Society of Criminology, Royal York, Toronto <Not Available>. 2013-12-17 from http://citation.allacademic.com/meta/p33742_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Abstract: This study examines the association between crime and housing demand by testing the extent to which crime is a disamenity in the city of Los AngelesÂ’ housing markets. We explore the relationship between crime rates and number of housing transactions. This research improves upon prior housing and economic research by (1) using the number of home sales as the dependent variable, which some have argued is a better indicator of demand than housing price; (2) using the census tract at the unit of analysis, which provides a more accurate picture of local crime rates and housing demand than measures at the city level; (3) differentiating between the effects of property and violent crime; and (4) disaggregating the sample into neighborhood types based on demographic characteristics in order to compare the crime-housing association across these different types.

Our dependent variable is the number of residential housing units sold (new sales or re-sales) in a census tract for a given year. We model sales as a function of time invariant community characteristics such as total number of housing units, socio-economic characteristics of residents, and population density. We also include time varying measures for total crimes, total property crime and total violent crime.

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The Impact of Crime on the Volume of Sales and Purchase Price in the Los Angeles Housing Market


 
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