Social and Behavioral Sciences Commons^™

Effects Of Real Estate Cycles On Residential Amenity Values For Water Resources, Amy L. Hillard

HIM 1990-2015

Little research has been conducted on the effects of housing price cycles on preferences for environmental landscape attributes over time (Cho, Kim, & Roberts, 2011). If the economic value of scarce resources like water resource amenities depends on consumer preferences, then it is useful to address possible effects of cyclical variation in the housing market on these values. This issue is addressed in the primary research question for this thesis: Did the 2007-2009 recession and consequent real estate bust affect marginal willingness to pay for water resource amenities for properties in proximity to the lower St. Johns River (SJR) in …