Impact of an urban growth boundary across the entire house price spectrum: The two-stage quantile spatial regression approach. (January 2019)

• Record Type: Journal Article
• Authors: Mathur, Shishir
• Is Part Of: Land use policy. Volume 80(2018)
• Page Start: 88
• Page End: 94
• Publication Date: 2019-01
• Subjects: Land use policy -- UGB -- Urban growth boundary -- Quantile regression -- Spatial quantile regression -- Growth management -- House prices -- Property values; Land use -- Periodicals; Land use -- Government policy -- Periodicals; Sol, Utilisation du -- Périodiques; Sol, Utilisation du -- Politique gouvernementale -- Périodiques; Electronic journals; 333.7305
• DOI: 10.1016/j.landusepol.2018.09.011
• Languages: English
• ISSNs: 0264-8377

Abstract

Abstract: This study provides evidence for the impact of an urban growth boundary (UGB) on house prices. The study employs a two-stage quantile spatial regression method on a dataset that inventories sales transactions of single-family houses within two miles of either side of the eastern boundary of the primary UGB in King County, Washington. The results show that while the UGB decreases house prices across the entire house price spectrum, the impact is uneven; it is most pronounced for houses in the 5th to 8th decile of prices. These findings should encourage policy makers to adopt sub-housing-market-level policy approaches to address UGB and other urban and regional development policies' potential impacts on house prices.