The Impact of Transit-oriented Development on Housing Value Resilience: Evidence from the City of Atlanta
The Impact of Transit-oriented Development on Housing Value Resilience: Evidence from the City of Atlanta
复制标题
DOI：
10.1177/0739456x18787011
复制
发表时间：
2018-07
影响因子：
2.2
通讯作者：
Wenwen Zhang;Fangru Wang;Camille Barchers;Yongsu Lee
中科院分区：
文献类型：
--
作者：
Wenwen Zhang;Fangru Wang;Camille Barchers;Yongsu Lee
本研究考察了以交通为导向的发展（TOD）是否有助于佐治亚州亚特兰大的住房价值弹性。我们利用房产销售记录开发了两个空间快乐模型，以检验在大衰退期间和之后，与位于毗邻交通的开发地区相比，位于TOD地区是否有助于房价的弹性。我们的研究结果表明，近年来对TOD物业的需求不断增长，这有助于保持和更快地恢复TOD地区的物业价值。我们的研究结果支持未来在TOD领域的投资，同时也提出了将经济适用房纳入TOD设计的挑战。
This research examines whether transit-oriented development (TOD) contributes to housing value resilience in Atlanta, Georgia. We developed two spatial hedonic models using property sale records to examine whether being located in TOD areas contributes to the resilience of housing prices during and after the Great Recession, compared to being located in transit-adjacent development areas. Our results suggest that there is a growing demand for TOD properties in recent years, which contributes to maintaining and faster regaining property values in TOD areas. Our results support future investment in TOD areas and also suggest challenges to incorporating affordable housing in TOD designs.