The objective of this study is to study three issues related to the Tallahassee, Florida housing market. These issues are: the specification of a hedonic housing equation, determine the effect of public schools on the housing value, and the determinants of probability of sale. Three different models were estimated based on a cross-sectional sample and the use of a stepwise multiple regression method. / The empirical results for Model I, hedonic value, indicate that lot size, floor area, the existence of a paved front road, a fireplace, a garage, and a carport are the most significant structural variables that determine the housing value. Median family income, however, turned out to be the only significant neighborhood variable. The rest of the variables included in the model, even though the majority have the expected sign, are insignificant. / Using school districts as a measure for neighborhood quality, Model II, turned out to have a significant effect on housing value. Empirical results indicate that housing units located in good schooling neighborhoods are more expensive than comparable units located in neighborhoods with a low quality of schools. Our findings show that housing value could increase up to 20 percent than it would actually be if it is located in a neighborhood characterized with a high level of school's quality. / The last model estimated in this study is the probability of sale model. Using both an OLS and a logit technique, the empirical results show that housing units are more (less) likely to sell if: (1) it is vacant (occupied), (2) it is not overpriced (underpriced) by owners, and (3) it has been on the market for less (more) than ninety days. / Source: Dissertation Abstracts International, Volume: 46-01, Section: A, page: 0223. / Thesis (Ph.D.)--The Florida State University, 1984.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_75476 |
| Contributors | DIYAB, ABDULAZIZ AHMAD., Florida State University |
| Source Sets | Florida State University |
| Detected Language | English |
| Type | Text |
| Format | 140 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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