TY - JOUR
T1 - Property values on the plains
T2 - The impact of historic preservation
AU - Thompson, Eric
AU - Rosenbaum, David
AU - Schmitz, Benjamin
PY - 2011/10
Y1 - 2011/10
N2 - We provide an estimate of the impact of historic designation on the sale price of single-family homes in Lincoln, Nebraska neighborhoods. We contribute to the literature by measuring the impact of historic designation using sale prices rather than assessed values, and by utilizing time series, cross-section data with both pre-designation and post-designation observations. The entire sample is used to estimate a difference-in-difference model which shows that historic designation yields a $5,000 increase in the value of single-family homes in the period after designation. A sub-sample of houses with repeat sales is used to estimate a repeat sales model, which shows that designation does not impact appreciation rates.
AB - We provide an estimate of the impact of historic designation on the sale price of single-family homes in Lincoln, Nebraska neighborhoods. We contribute to the literature by measuring the impact of historic designation using sale prices rather than assessed values, and by utilizing time series, cross-section data with both pre-designation and post-designation observations. The entire sample is used to estimate a difference-in-difference model which shows that historic designation yields a $5,000 increase in the value of single-family homes in the period after designation. A sub-sample of houses with repeat sales is used to estimate a repeat sales model, which shows that designation does not impact appreciation rates.
UR - http://www.scopus.com/inward/record.url?scp=80052035148&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=80052035148&partnerID=8YFLogxK
U2 - 10.1007/s00168-010-0373-9
DO - 10.1007/s00168-010-0373-9
M3 - Article
AN - SCOPUS:80052035148
SN - 0570-1864
VL - 47
SP - 477
EP - 491
JO - Annals of Regional Science
JF - Annals of Regional Science
IS - 2
ER -