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The Effects Of Neighborhood And Interior Characteristics On Residential Sale Prices, Ella Sophie Hagman
The Effects Of Neighborhood And Interior Characteristics On Residential Sale Prices, Ella Sophie Hagman
Undergraduate Economics Working Paper Series
This study analyses to what extent certain neighborhood and interior characteristics affect residential sale prices, after accounting for standard property variables. This is important to examine in order to understand the function of the housing market, the sources of price differences, and whether residential values can be controlled by prioritizing specific desirable property features. The study is based on a dataset of approximately 330,000 observations from the Multiple Listing Service (MLS), as well as walkability data obtained from Walk Score. The data is analyzed in Stata, using three regression models with different combinations of explanatory variables. The results show that …