Buy custom Effect of Location, Neighborhood Quality, and House Quality on Property Values in Memphis
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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 3037 |
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Income level has become the best proxy for neighborhood quality and thus mean home value. Poverty rate, although not perfectly collinear with median income, is another good proxy for neighborhood quality, which has emerged as a key determinant of home value after years of tests.
In this paper I will examine the effect of certain dwelling specific variables in different regions and use demographic data to elucidate the differences between neighborhoods...
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Analyzing the demographics and regression results will allow assumptions to be made as to the reason for changes in price. Why certain variables have less of an effect in certain areas? Why certain variables wash out the effect of others? How we can justify the effect of alterations to a house? Variable sensitivity will be key to this study, because it will allow questions to be raised as to why the effects of certain variables change from neighborhood to neighborhood...
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