Title
Housing attribute preferences in a Northern Mexico metropolitan economy
Publication Date
3-11-2009
Publication Name
Atlantic Economic Journal
Volume
37
Issue
2
First Page
159
Last Page
172
Source Full Text URL
https://doi.org/10.1007/s11293-009-9174-x
Document Type
Article
DOI
10.1007/s11293-009-9174-x
Abstract
Studies of the valuation of housing attributes have been conducted for numerous metropolitan markets. Empirical analyses of this nature for cities in Latin America and Mexico are less common. This study utilizes data for 175 new houses in Ciudad Juarez, a major metropolitan economy in northern Mexico, to estimate a hedonic pricing model. All units in the sample were completed and sold between November 2006 and April 2007. For each house, a total of 14 characteristics relating to structure and location are employed as explanatory variables. Estimation results indicate that the structural characteristics play bigger roles than the neighborhood amenities. Surprisingly, neighborhood parks are found to lower housing values. © International Atlantic Economic Society 2009.