Effect of Location, Neighborhood Quality, and House Quality on Property Values in Memphis

Essay specific features

 

Issue:

Business

 

Written by:

Mary I

 

Date added:

November 29, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

11 / 3037

 

Was viewed:

9578 times

 

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Essay content:

As the average American spends 62% of annual income on housing costs, it is evident that if misinformed, money can be unnecessarily foregone. This study was designed to examine the differences between housing prices in different geographical locations of Memphis, Tennessee, Hedonic pricing models allow us to get accurate estimates of these factors that affect value...
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The main objective was to test the effect of dwelling specific inputs on price in three different regions of Memphis, and conduct variable sensitivity analysis to changes in geographic location. This will enable us to better understand which inputs are significant in which areas, and formulate hypothesis as to why these disparities exist...
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